Offshore Engineer Industry News News - page 197

Ampelmann Wins Mexico Contract

Mar 04, 2019

Dutch offshore access provider Ampelmann announced Monday it has secured its first contract in Mexico. An A-type system has been mobilized on a flotel and will operate for two months, enabling the installation of an oil and gas platform.The fully motion compensated A-type system…

Subsea Supply Chain Tightening -Proserv

Mar 04, 2019

As exploration and production (E&P) activity in the offshore oil and gas industry gradually accelerates, the global subsea sector is set to face supply chain challenges, predicts controls technology company Proserv.Industry consultants have…

US Rig Count Lowest Since May 2018

Mar 01, 2019

U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite an over 20-percent increase crude futures so far this year.Drillers cut 10 oil rigs in the week to March 1…

Aker BP Awards PSV Frame Agreements

Mar 01, 2019

Aker BP ASA announced it has awarded frame agreements with three suppliers for the provision of platform supply vessels (PSV), in a move that aims to reorganize the value chain.The three suppliers Simon Møkster Shipping AS, Eidesvik Offshore…

Petrobras Divestment Plan Pushing Ahead

Mar 01, 2019

Petroleo Brasileiro SA is expanding its ambitious divestment program and has 'bold' plans for future sales, the Brazilian state-run oil company's chief executive said after the firm reported its first annual profit in five years.On a post-results conference call with analysts on Thursday…

Aker BP Switching Gears

Mar 01, 2019

Norwegian oil and gas company Aker BP is switching emphasis from M&A towards exploration, taking a potentially riskier path to increase its resources after years when it has relied on acquisitions to add the bulk of its new barrels.The company…

TechnipFMC Wins EPCIC Contract for Tortue/Ahmeyim FPSO

Mar 01, 2019

TechnipFMC announced Friday it has been awarded a contract from BP for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed for the Greater Tortue Ahmeyim project offshore West Africa…

Dutch Prosecutors Target Shell Over Nigeria Oil Deal

Mar 01, 2019

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over the $1.3 billion acquisition of an Nigerian offshore oilfield, ramping up pressure on the energy firm that already faces bribery charges in Italy over the case.Within hours of Friday's announcement on the Nigerian case…

Petrobras: First Annual Profit in 5 Years

Feb 28, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA reported its first annual profit in five years on Wednesday as it swung to a net profit in the fourth quarter, although one-time provisions and writedowns led it to miss estimates.In a securities filing…

Partners Eye Conoco's North Sea Assets

Feb 28, 2019

Italy's Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillips' North Sea oil and gas assets, sources close to the process said.Conoco relaunched the sale process in recent weeks after energy and chemicals firm Ineos…

Naviera Tramarsa Adds Another ROV

Feb 28, 2019

Offshore operator Naviera Tramarsa has extended its subsea vehicle fleet with a new Cougar XT remotely operated underwater vehicle (ROV) from manufacturer Saab Seaeye.The 2,000m rated Cougar XT will enter operations in May 2019, joining the company’s Saab Seaeye Falcon ROV…

Saipem Expects Higher Sales This Year

Feb 28, 2019

Italian oil services group Saipem said on Thursday it expected higher sales this year after beating 2018 forecasts and said it was looking for market opportunities.The group, jointly controlled by oil major Eni and state lender Cassa Depositi e Prestiti…

Subsea 7 Profit Beats Forecast

Feb 28, 2019

Subsea 7 posted higher-than-expected fourth-quarter profits on Thursday and announced a special dividend payment as well as an extension of its share buybacks.The Oslo-listed offshore services provider's adjusted earnings before interest, tax…

Repsol Net Profit Up 7.5%

Feb 28, 2019

Spanish oil and gas firm Repsol beat forecasts with a 7.5 percent increase in fourth-quarter adjusted net profit on Thursday, boosted by higher oil and gas prices and increased production, and said its strategic plan was on track.Repsol started new projects in Algeria…

Pemex Posts $6.4 Billion Q4 Loss

Feb 27, 2019

Mexican state oil company Pemex reported a loss of 125.5 billion pesos ($6.4 billion) for the fourth quarter on Wednesday, narrowing its loss from the same period in 2017, as the firm's finances face renewed scrutiny following a credit downgrade last month…

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