Offshore Engineer Industry News News


Equinor Wraps Up Carcará Deal in Brazil

Jun 19, 2019

Equinor and Barra Energia have completed their transaction announced in July 2018, whereby Equinor has acquired Barra's 10% interest in the BM-S-8 block in Brazil's Santos basin for a total consideration of $379 million.Upon the completion of this transaction…

PGS Calls off Debt Refinancing, Shares Fall

Jun 19, 2019

PGS, the world's largest seismic surveyor, called off a planned debt refinancing on Wednesday, citing worsening investor sentiment towards the oilfield services sector over the past weeks, sending the Norwegian company's shares down 24%.Oslo-listed PGS…

Okea's IPO Falls Short

Jun 17, 2019

Norwegian oil firm Okea has raised 315 million crowns ($36 million) in an initial public offering, the company said on Monday, less than half of what it had initially planned due to a fall in the oil price.Europe's oil and gas sector has built…

Leidos, Xodus Join Forces on Offshore Wind

Jun 14, 2019

Fortune 500 science and technology leader Leidos and international energy consultancy Xodus Group are joining forces on a new North America offshore wind alliance, bringing a wealth of expertise to the growing industry. The move will leverage…

CGG, Shearwater Partner

Jun 14, 2019

Marine geoscience companies CGG and Shearwater GeoServices earlier this month signed a binding term-sheet for a strategic partnership for marine seismic acquisition services and creation of a new streamer technology company.Under the agreement…

Stoknes Appointed CFO at Aker

Jun 14, 2019

Svein Oskar Stoknes has been appointed Chief Financial Officer (CFO) of Norwegian industrial investment company Aker, effective August 1, 2019.Stoknes, who has worked at Aker Solutions since 2007 and was named CFO in September 2014, replaces Frank O…

Ivory Coast to Conclude Talks on New Contracts

Jun 14, 2019

Ivory Coast is expected to finalize the licensing procedures for six oil blocks this month with the outcome likely to boost the West African country’s drive to attract increased investment in its upstream activities and enable it double output by 2020 in line with the National Development Plan…

Flowline Specialists Names Whittingham CEO

Jun 13, 2019

Scotland-based energy equipment manufacturer and service provider Flowline Specialists announced changes to its senior management team, including the appointments of Ross Whittingham as CEO and Graeme Chalmers as COO.Whittingham, who was previously the firm’s engineering manager…

Subsea 7 Wins Johan Sverdrup 2 Contract

Jun 13, 2019

Subsea 7 announced Thursday it has been awarded a contract for subsea pipelines and associated marine operations in the second phase of the large scale Johan Sverdrup project, in the Norwegian sector of the North Sea.The contract, awarded by…

Saab Seaeye eRobotics Campaign Wins UTC Award

Jun 12, 2019

A project that achieved a world first in subsea vehicle deepwater residency capability, proving the potential for marine autonomous systems to take a greater role in underwater inspection, repair and maintenance methodologies, is the winner of the annual UTC Subsea Award…

Worley, Enaval Form Brazil Brownfield JV

Jun 12, 2019

Australian-based engineering firm Worley said it has entered into a 50:50 joint venture with Brazilian services company Enaval.The new joint venture, Worley Enaval (WE) Integrated Solutions, combines Worley’s global engineering and brownfield…

C-Innovation to Perform RLWI for BP

Jun 12, 2019

US-based marine services firm C-Innovation (C-I) said it has been awarded a contract to perform riserless light well intervention (RLWI) activities for oil major BP in the Gulf of Mexico.C-I, an affiliate of Edison Chouest Offshore (ECO) and its family of companies…

Shell Contracts Danos for Enchilada Services

Jun 12, 2019

US-based oilfield services provider Danos said it has been awarded multiple contracts from Shell to provide integrated operations on its Enchilada platform in the US Gulf of Mexico.Danos said its production, construction, scaffolding and coatings service lines are all working on the asset…

Sleipner Partners Release CO2 Storage Data

Jun 12, 2019

Partners in the Sleipner field will disclose datasets from the world's first offshore carbon capture and storage (CCS) plant, in a push to advance innovation and development on the field of carbon dioxide (CO2) storage, Norwegian energy company Equinor announced on Wednesday…

Infinity, Medserv Form Services JV

Jun 12, 2019

Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services to the oil and gas market.The InMedCo joint venture combines…

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