British oil firm EnQuest's shares slumped to a three-year low on Tuesday after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oilfield's reserves by around a fifth.The Kraken oil and gas field in the British North Sea is EnQuest's largest producing asset…
Atlas Professionals has extended permanent recruitment and executive search services for the offshore wind industry to the Asia Pacific region.'With the offshore renewables industry surging ahead as countries aim to achieve their climate targets…
The offshore wind parks specialist Fred Olsen Windcarrier won its first major deal in the Asian market after being picked to install the 8MW Siemens Gamesa Renewable Energy (SGRE) turbines at the Yunlin offshore wind farm off Taiwan.Fred. Olsen…
UK-based Offshore Wind Consultants (OWC) and Tata Consulting Engineers Limited (TCE) have signed an agreement to partner up for upcoming projects in the Indian offshore wind sector.Under the agreement, OWC and TCE will combine its powers to…
TechnipFMC announced Monday it has acquired a newbuild diving support vessel (DSV) Deep Discoverer. The vessel will primarily service the North Sea diving construction and inspection, repair and maintenance (IRM) markets.The company signed a…
U.S. President Donald Trump's proposed fiscal year (FY) 2020 budget submitted to Congress on Monday includes $200.5 million for the Bureau of Safety and Environmental Enforcement (BSEE) and $193.4 million for the Bureau of Ocean Energy Management (BOEM)…
Offshore drilling contractor Transocean announced Monday that two of its ultra-deepwater drillships have been contracted by Petrobras for work offshore Brazil.The two drillships, Ocean Rig Corcovado and Ocean Rig Mykonos, are expected to commence…
Colombia's government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of $100 million.Colombia recently modified contractual…
Wireless subsea technology provider WFS Technologies has appointed Moray Melhuish to the newly-created post of commercial director, responsible for building on the success of its industry-advanced innovations as well as increase its portfolio of national and international projects…
Oil major BP has awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts to services providers McDermott International and Baker Hughes, a GE company (BHGE), for the Greater Tortue Ahmeyim natural gas project…
Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday.Petrobras said…
ACE Winches said it has delivered a bespoke new product for the installation and pull-in of two steel catenary risers (SCR) on the Buckskin deepwater development, a field located approximately 190 miles south-east of Houston in the Gulf of Mexico…
Maersk Supply Service said it has fixed the newbuild subsea support vessels vessel (SSV) Maersk Involver for 161 days to support maintenance of the DAN F platform located offshore Esbjerg for walk-to-walk and accommodation services. The contract is expected to commence start-April 2019…
British oil and gas production rose 4 percent to 1.7 million barrels of oil equivalent per day in 2018 compared with the previous year, according to the Oil and Gas Authority, an industry regulator.'The Oil and Gas Authority (OGA) now projects…
When BW Offshore agreed at the weekend to pay Brazilian oil company Petrobras $90 million for 70 percent of the Maromba field offshore Brazil, the company was launching in earnest a strategy to buffer itself from lulls in spending on floating production storage and offloading vessels (FPSO)…