Offshore Engineer Industry News News


Baker Hughes Adjusted Profit Surges 85%

Jan 31, 2019

Baker Hughes, General Electric Co's oilfield services arm, posted an 85 percent jump in adjusted quarterly profit on Thursday, boosted by surging demand for its services.Unlike rivals Schlumberger NV and Halliburton Co, Baker Hughes has less exposure to the North American pressure pumping sector…

PetroRio Buys Chevron’s Frade Stake

Jan 30, 2019

Brazilian independent PetroRio announced Wednesday that it has acquired Chevron’s stake in the deepwater Frade field in the Campos Basin offshore Brazil for an undisclosed sum.The share purchase agreement sees the U.S. supermajor sell its 51…

Ophir Agrees to Be Bought by Medco for $511 Mln

Jan 30, 2019

Ophir Energy Plc said on Wednesday it has agreed to be bought out by Indonesian oil and gas group Medco for a sweetened bid of 390.6 million pounds ($511.02 million) in cash.The offer of 55 pence per Ophir share represents a 65.7 percent premium to Ophir's closing price on Dec…

Global Marine Group Buys Stake in Rovco

Jan 29, 2019

Subsea technology company Rovco said it has formed an invested partnership with offshore engineering firm Global Marine Group (GMG) to bring intelligent inspection, repair and maintenance (IRM) solutions to the global offshore market.GMG, made up of three business units - Global Offshore…

Unique Group Partners with POSH Subsea

Jan 24, 2019

UAE-based subsea and offshore solution provider Unique Group announced Thursday it it has entered into a contract with Singapore-based offshore and marine oil field services company POSH Subsea to offer integrated diving solutions.As part of the agreement…

Proserv Relocates Within Aberdeen

Jan 24, 2019

Controls technology company Proserv said it has moved a major portion of its Field Technology Services business unit from its previous location at Birchmoss, near Echt, to a Westhill based facility, much closer to its head office.The decision…

Shipbuilding: Keppel Sees Rig Recovery, Profits Up

Jan 24, 2019

Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry.The company on Thursday reported a net profit of S$135 million ($99…

New 3D Printing Service for Oil and Gas

Jan 23, 2019

A new additive manufacturing service aims to transform how parts are created and optimized, reducing supply chain risk, decreasing costs and boosting efficiencies for sectors such as oil and gas.Advisian Digital, the data science, software and technology business of the WorleyParsons Group…

Ashtead Partners with 4Subsea

Jan 23, 2019

Subsea equipment rental, sales and services provider Ashtead Technology announced it has entered into a global strategic partnership with 4Subsea.Under the deal, Ashtead said it will add 4Subsea’s sensors to its portfolio for inspection, maintenance…

Oil and Gas Execs Expect to Boost Spending

Jan 22, 2019

The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.DNV, a technical adviser to the energy industry, surveyed 791…

Halliburton Profit Beats on International Demand

Jan 22, 2019

Halliburton Co beat Wall Street estimates for quarterly profit on Tuesday, as higher demand for its oilfield services in international markets offset a slowdown in North America.Clients in North America, Halliburton's biggest market by revenue…

Government Shutdown: Atlantic Seismic Permitting Blocked by Judge

Jan 19, 2019

A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U…

Safer Than Other Industries

Jan 18, 2019

The oil and gas industry’s relentless focus on safety is paying off. Earlier this week, the American Petroleum Institute (API) released its Workplace Safety Report, which revealed occupational injuries and illness for the oil and gas industry…

Wild Well Control Expands in the UK

Jan 17, 2019

Well control and engineering services company Wild Well Control announced it is expanding its Montrose facility at South Ferryden, U.K.Wild Well, a Superior Energy Services company, maintains its WellCONTAINED subsea containment system at Montrose Port…

Woodside Boosts Spending for Next Leg of Growth

Jan 17, 2019

Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade.Australia's largest independent gas and oil producer plans to spend between $1…

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