Offshore Engineer Industry News News


A New Well, a New Offshore Bonanza

May 28, 2019

Whatever its investments in wind, Equinor on Monday received a much anticipated greenlight to drill for oil in a mature quadrant of the North Sea, where success with the drill bit could again change field economics for the giant Johan Sverdrup field — and other…

ACE Winches Wins Gulf of Mexico Contracts

May 28, 2019

ACE Winches said it has been awarded two contracts from Subsea 7 to use the Scotland-based company's linear winch pull-in systems in the US Gulf of Mexico.ACE Winches did not reveal the exact contract values, but said each is worth more than £4 million ($5…

iSURVEY Scores Lundin Norway Contract

May 24, 2019

Survey and positioning services provider iSURVEY informs it has been awarded a contract to  perform a drilling hazard survey campaign in the North Sea and in the Barents Sea, on behalf of Lundin Norway.Work commences in June, with a seabed geological…

Imbalance in the Oil & Gas Ecosystem

May 24, 2019

While the oil and gas industry shows signs of stabilization, the imbalance in value and margins between exploration and production (E&P) companies and the oilfield service segment is significant, according to a report by Deloitte.A major worry…

Aquaterra Energy Opens Australia Office

May 23, 2019

Offshore engineering firm Aquaterra Energy has opened its first engineering office and warehouse facility in Perth, Australia following recent regional contract wins.Located on Murray Street, Perth, Aquaterra Energy’s new office in Australia’s…

Banff FPSO Contract Extended

May 23, 2019

Teekay said it has entered into an agreement with Canadian Natural Resources (CNR) to extend the employment of the Petrojarl Banff FPSO unit on the Banff field in the UK North Sea for a period of one year to the end of August 2020.According to Teekay…

BW Offshore to Float Energy Unit

May 23, 2019

Oslo-listed BW Offshore said it will float BW Energy this year to help expand the oil and gas business, particularly in Brazil, as its first quarter earnings rose 72%.Shares in BW Offshore, originally an owner of floating production, storage…

Heerema Unveils World's Largest Offshore Crane Vessel

May 23, 2019

Dutch firm Heerema Marine Contractors and Singapore's Sembcorp Marine, on Thursday, showed off the world's largest crane vessel that can be used for the setup and decommissioning of offshore oil and gas facilities.The semi-submersible vessel…

Seadrill Considers Selling Non-core Assets

May 23, 2019

Offshore drilling contractor Seadrill is considering selling non-core assets, including its 15.7% stake in oil service firm Archer , to reduce its liabilities, the firm's outgoing chief financial officer said on Thursday.Seadrill, controlled by Norwegian billionaire John Fredriksen…

Magseis Fairfield Lines Up GoM Survey

May 22, 2019

Norway based marine seismic surveyor Magseis Fairfield announced Wednesday it has received a letter of intent (LoI) for a two-month deepwater data acquisition program in the Gulf of Mexico.The survey is due to commence late in the fourth quarter of 2019…

DOF Scores Brazil Contracts

May 22, 2019

The DOF Group announced on Wednesday it has been awarded several contracts for its fleet in Brazil commencing during the next months.Norskan Offshore has been awarded a contract from Total in Brazil for the anchor handling tug supply vessel (AHTS) Skandi Rio…

BP Shareholders Adopt Climate Resolution

May 22, 2019

BP shareholders overwhelmingly approved a climate resolution on Tuesday backed by investors and the oil and gas company which calls for it to meet the 2015 Paris climate agreement.The resolution, co-filed by shareholder group Climate Action 100+…

Shearwater, Equinor to Develop Seismic Tech

May 22, 2019

Shearwater GeoServices Holding AS will collaborate with Equinor to develop next-generation marine seismic source technology for more efficient and environmentally friendly data collection.“This collaboration targets an untapped potential of…

TGS, Schlumberger Partner for Ocean-bottom Node Project

May 22, 2019

TGS and Schlumberger’s geophysical services product line WesternGeco will work together to develop opportunities to co-invest in additional multiclient ocean-bottom node projects in the deepwater  U.S. Gulf of Mexico under a new collaboration agreement announced Wednesday…

ROVOP Opens Rotterdam Office

May 21, 2019

Subsea robotics specialist ROVOP announced Tuesday it has opened a new office in Rotterdam to support to mainland Europe based clients and further strengthen the company's position in the market.The newly appointed Business Development Manager in the Rotterdam office…

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