Oilfield services company Expro said it has secured a four-year contract extension for BP’s Shah Deniz Stage 2 project in the South Caspian Sea.The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project…
Anadarko Petroleum Corporation announced Thursday that Bob Gwin, formerly Executive Vice President (EVP), Finance and CFO, has been named President. In his new role, Gwin will be responsible for leading Anadarko's worldwide operations, project management…
Norwegian seismic firm PGS revealed it has entered into a contract for a 3D survey in South America.PGS did not reveal the name of the client, but said the contract value is estimated to be in excess of $75 million.The company plans to use two…
Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied…
Gulf Island Fabrication said on Thursday it has completed the sale of its North Yard facilities and associated equipment in Aransas Pass, Texas.The Houston based builder of offshore structures and vessels announced the $28 million sale in September…
The high cost of producing offshore reserves is increasingly driving operators to seek out efficiencies, such as doing more with the data they collect.“A lot of people reconsidered how to handle offshore when the downturn came,” Nate Clark, principal at Deloitte Consulting…
VesselsValue's Head of Offshore Charlie Hockless weighs in on the merger between Tidewater and GulfMark.'The consolidation between GulfMark and Tidewater is a positive for the market. With Tidewater’s steadfast and unyielding attitude towards the scrapping of non-performing vessels…
MacArtney Singapore delivered a TRIAXUS ROTV with customized sensor payload to the Chinese Academy of Science for oceanographic research projects in the South China Sea.The Chinese Academy of Science, via MacArtney agent Geo Marine Technology Ltd…
Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS).“Cutting…
UK-based international oil and gas exploration and production company Energean Oil & Gas said that it is on track to achieve first gas from the Karish-Tanin project off the coast of Israel in the first quarter of 2021.The company with operations offshore Israel…
U.K. Continental Shelf focused Azinor Catalyst Limited announced on Thursday an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the North Sea.The initial 9/14a-17B well on the Agar-Plantain Prospect…
Damen Shipyards Group has delivered four new Fast Crew Suppliers (FCS) 2610 to Allianz Middle East Ship Management. The four vessels will undertake work in the ADMA oil field in Abu Dhabi, providing logistics services and safe crew transfer…
Suncor Energy Inc said on Wednesday its chief executive will retire mid-next year, with the company's chief operating officer taking over the top job at that time.Steve Williams, who has been with the company for 16 years and CEO since 2012…
McDermott International announced Thursday it has been awarded a contract from Talos Energy for concept and engineering services for the Zama field development project – the first offshore Mexico block awarded to a private operator.The contract is for engineering services…
The largest oil platform to be constructed in Mexico in the last decade has left McDermott International's fabrication yard in Altamira, Tamaulipas, Mexico.The 15,000-metric-ton PB-Abkatun-A2 platform is scheduled to be installed for PEMEX in…