PSW Group has been awarded a contract with Transocean for storage and maintenance of blowout preventers (BOP) for Cat-D rigs. The agreement has a duration of five years.The scope of work consist of storage and inspection, maintenance and repair…
Energy logistics company Peterson said it is growing its Caribbean presence after being awarded a major contract with Repsol Exploracion Guyana, S.A.Having been selected as the main logistics contractor for the Carapa 1 exploration and drilling project offshore Guyana…
Saipem announced on Monday it will establish a 'highly specialized' spool-base on Greenwood Island, Pascagoula, Miss. designed to provide support for vessels performing pipelay activities for offshore oil and gas development projects in the Gulf of Mexico…
Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil production was offset by weaker refining and chemicals business.Shares slipped 1.6 percent to $71…
On July 1, Saipem-Sonsub’s Hydrone-R underwater intervention drone was launched in water to start the endurance and qualification tests prior to its commercialization by year’s end.The Hydrone Program is the key workstream of Saipem’s Technology Development Plan within subsea robotics…
Brazilian state-run oil firm Petroleo Brasileiro SA posted its highest ever quarterly profit on Thursday and handily beat analysts' estimates, thanks in large part to billions of reais in asset sales.In a securities filing, Petrobras, as the firm is commonly known…
McDermott International announced it has been awarded a contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasbah gas field with hook-up and modification…
Shell has taken the final investment decision (FID) for the PowerNap deepwater project in the US Gulf of Mexico, the supermajor announced on Thursday.PowerNap, a subsea tie-back to the Shell-operated Olympus production hub, is expected to start production in late 2021 and produce up to 35…
Cargotec announced on Thursday that its MacGregor business area has completed the acquisition of the marine and offshore businesses of equipment manufacturer TTS Group ASA following required regulatory approvals.Cargotec announced in February…
Australian engineering firm Worley said on Thursday it has been awarded a contract by BP for hook-up and commissioning integration services for the supermajor’s Mad Dog 2 project and the Argos deepwater platform in the Gulf of Mexico.Argos, BP’s newest floating production unit (FPU)…
U.S. oil and gas producer Apache Corp reported a 78.6% fall in second-quarter adjusted profit on Wednesday, hit by lower prices of oil, gas and natural gas liquids (NGL) and higher operating costs.The company reported a 43.6% fall in natural…
Oilfield services company Halliburton announced on Wednesday the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin offshore Brazil.The two-year and six month contract will provide drilling…
US-based Teledyne Marine said it has opened a Vehicles Service Center at the Teledyne Reson office in Slangerup, Denmark.The expanded facility in Slangerup will support the large number of LBVs, vLBVs, and Z-Boats throughout Europe, the company said…
Baker Hughes, General Electric Co's oilfield services arm, reported a better-than-expected quarterly profit on Wednesday, helped by higher activity in LNG markets and rise in international demand for oilfield services.Revenue from the company's oilfield services segment…
McDermott International and Baker Hughes, a GE company (BHGE), announced on Tuesday that the companies have been awarded contracts to provide a joint subsea umbilicals, risers and flowlines (SURF) and subsea production systems (SPS) solution…
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