Offshore Engineer Industry News News


Boskalis Nets $126 Mln Subsea Contracts

May 31, 2019

Boskalis Subsea Services said it has secured several contracts in the North Sea over the last six months that are worth more than £100 million ($126 million) combined. These include the Total Tyra redevelopment project, an inspection, repair and maintenance (IRM) campaign for Repsol Sinopec…

Offshore Decom Market to Reach $9.5 Bln by 2027

May 31, 2019

The global offshore decommissioning market, valued at $ 5.96 billion in 2018, is projected to exhibit a CAGR of 5.4% through 2027, in terms of revenue.Crude oil prices coupled with declining production from rising number of maturing oil and…

Hydroid Appraised at CMMI V2.0 Maturity Level 3

May 30, 2019

Marine robotic systems manufacturer Hydroid, a subsidiary of Kongsberg Maritime, announced Thursday it was appraised at Maturity Level 3 of the CMMI Institute’s Capability Maturity Model Integration (CMMI) V2.0.The appraisal was performed by…

Shell Ocean Discovery XPRIZE Livestream

May 30, 2019

On Friday, May 31, the Shell Ocean Discovery XPRIZE awards event will be livestreamed from Monaco where the winners of the $7 million global ocean mapping competition will be revealed.The three-year competition challenged teams to advance deep sea technologies for autonomous and unmanned…

Helix Acquires STL

May 30, 2019

Houston-based services company Helix Energy Solutions Group, Inc. announced Thursday it has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company that specializes in the design and…

Icahn Sues Oxy Over 'Misguided' Anadarko Deal

May 30, 2019

Occidental Petroleum Corp 's activist investor Carl Icahn has filed a lawsuit against the company over what it called its 'misguided' pact to buy Anadarko Petroleum Corp, and may seek a special meeting to remove and replace board members.The lawsuit…

OMV, Aker BP in Joint Digital Push

May 30, 2019

Austria-based integrated oil and gas company OMV ad Norway-based exploration and development company Aker BP have committed to share digitalization competencies and technology across borders and advancing both companies’ digital agendas.Together…

Total Plans to Produce at Absheron in 2021

May 30, 2019

French oil firm Total plans to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021 after getting positive results from the drilling of a first well, a senior company official told Reuters.The decision to start production at the field…

Lukoil 2020 Capex May Exceed $8 Bln

May 30, 2019

Russian oil producer Lukoil's capital expenditure may exceed $8 billion next year, the company's Vice President Pavel Zhdanov said on Thursday.The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its allies…

Ithaca Buys Chevron's UK North Sea Fields

May 30, 2019

Israel's Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron's British North Sea oil and gas fields for $2 billion.Under pressure from a fall in oil prices to near 14-year lows of $26 a barrel in 2016…

Creditors Approve Swiber Restructuring Plan

May 29, 2019

Creditors of Singapore based Swiber Holdings Limited (SHL) and its main subsidiary, Swiber Offshore Construction (SOC), on Wednesday voted in favor of a restructuring proposal which will take the offshore services company one step nearer to…

Eni Adds Blocks Offshore Mozambique

May 29, 2019

Eni announced Wednesday it has gained rights to explore and develop three deepwater offshore blocks offshore Mozambique.Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada and authorized by Mozambican institutions…

Wood Wins Jansz-lo Subsea Compression FEED

May 29, 2019

Wood announced on Wednesday that it has secured a contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services for the Jansz-lo compression project offshore Western Australia.The…

Norway Oil Workers Threaten Strike

May 29, 2019

Around 200 Norwegian offshore oil and gas workers plan to go on strike on June 4 unless pay negotiations lead to a deal with employers, the Lederne labour union said on Wednesday.A strike would hit seven offshore fields and at least two of those would have to shut production…

Dolphin Drilling Axes Management Team

May 28, 2019

Norwegian offshore driller Dolphin Drilling announced Tuesday that it has terminated its top brass, including its CEO and CFO, amid ongoing restructuring efforts.The secured lenders have communicated that the new company's new CEO will be Bjørnar…

Current News

Offshore Drilling Waste Management Support Tighter Regulations

Oceaneering Awarded Work in Mozambique

Wight Shipyard Breaks Into Offshore Wind

Leadership Changes at Equinor

Potential Norway Oil Strike Looms

Equinor Wraps Up Carcará Deal in Brazil

BP Rig Arrives On Site Despite Protests

Bourbon BoD to Analyze Restructuring Proposals

Seaspace Race Underway at Saab Subsea Docking Demo

Shell Sees More FLNG Opportunities

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