Norwegian marine data acquisition firm EMGS has been awarded more work with the Mexican oil company Pemex in Mexico.As previously reported, EMGS had in June 2019 signed a two-year acquisition contract with Pemex with a valued at around $73.3 million…
Installed offshore wind capacity in US waters could reach 20 gigawatts by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s, according to new research by Rystad Energy.According energy research and business intelligence company…
Harvey Gulf International Marine announced it has hired John Dunn as Vice President of Subsea Vessel Operations, as the US-based services firm looks to grow its subsea business.Dunn, formerly of Oceaneering, has been hired as a member of Harvey…
Halliburton Co beat analysts' estimates for quarterly profit on Tuesday, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America that led to a charge of $2.2 billion.International…
Offshore engineering and construction giant McDermott has confirmed it is set to file for bankruptcy as part of its debt restructuring plans.'This morning, the company commenced solicitation of votes from its lenders and bondholders in support of a prepackaged Chapter 11 Plan of Reorganization…
Byron Energy will put off a planned drilling operation in the Gulf of Mexico, as bad weather has hampered the rig move.Providing an update on its planned South Marsh Island F4 well, Byron said Tuesday it had been advised by the drilling contractor…
A vessel carrying Guyana's first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation's long-awaited debut as an oil exporter.The Suezmax vessel Yannis P…
Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up for lower drilling activity in North America.Net income fell to $333 million…
Oilfield services company TechnipFMC has reaffirmed its planned split into two separate companies is „well on track“ for completion in the first half of 2020. TechnipFMC, formed in 2017 via a merger between France's Technip and U.S. FMC Technologies…
Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand.Oilfield service providers…
Oil prices slipped on Wednesday on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. Prices were also under pressure…
Mayflower Wind Energy has hired a Semco-Bladt joint venture to build and deliver a substation for the Mayflower Wind project offshore Nantucket, Massachusetts.Bladt Industries and Semco Maritime have formed a joint venture for the design and construction of the 1…
Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world's top oil consumers, and on expectations of a drawdown in U.S. crude oil inventories.However, price gains were capped by receding Middle East tensions…
At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin.That reserves estimate — made this week by Netherland, Sewell & Associates for Talos Energy, the Houston-based…
With the Argos semisubmersible due to begin production from BP’s Mad Dog field in late 2021, the drilling team needed to ensure the drilling campaign stayed on schedule.BP did this by dedicating and integrating experienced drilling engineers and geoscientists to plan…