Canadian offshore contractor, SNC-Lavalin, will pay a CAD 280 million (USD 213 million) fine after pleading guilty to fraud and an influence-peddling charges involving the son of former Libyan leader, Moammar Gadhafi.On Thursday, the Quebec…
It’s not your typical marginal field — centered on a concrete gravity-based structure (GBS) that once boasted production records — but Draugen in the Norwegian Sea had become “immaterial” to Shell. When it first delivered oil in 1993, Norwegians looked forward to the spoils in 1…
Aberdeen engineering outfit Balmoral Group said it has invested a six-figure sum in Blaze Manufacturing Solutions, taking a 70% stake in the Aberdeenshire-based company.This latest move comes after Balmoral significantly raised its shareholding in another Aberdeenshire company…
Marine services company Malin Group has appointed Alan Hunter in a new business development role, as the company looks to continue its growth in the oil and gas sector.With a presence in the marine industry stretching back over 100 years, Malin…
British oil major BP plans to close down two of its oil and gas platforms in Azerbaijan for planned maintenance, BP's regional vice president told Reuters on Wednesday.Bakhtiyar Aslanbayli, BP's vice president for Azerbaijan, Georgia and Turkey…
The international accredited registrar and classification society DNV GL has been awarded a framework agreement by the Norwegian oil and gas operator DNO ASA to provide a broad portfolio of engineering and management support and verification services to support the operator…
Oilfield services provider Petrofac Ltd guided to a more than 5% fall in full-year revenue on Tuesday, with delays in bidding processes constricting order intake in its biggest segment during the second half.Petrofac, which designs, builds and operates oil and gas facilities…
Oil firm Vår Energi, majority owned by Italy's Eni, aims to recover 136 million barrels of oil equivalent (boe) from the Balder area off Norway, the company said on Tuesday, as it presented a redevelopment plan for the field.The 19.6 billion crown ($2…
Subsea services firm N-Sea said increased sales in 2019 has led the Netherlands-based company to report a record year.The company said its commercial growth from bases in Aberdeen, the Netherlands and the Middle East has been spurred by the completion of more than 1…
James Fisher Marine Services (JFMS), provider of marine engineering services, has been awarded scheduled maintenance contract on one of the leading offshore wind farms of the future.The specialist in services to the marine, oil and gas said that as per contract…
Vår Energi, majority owned by Italy's Eni, will on Tuesday present a plan for how to redevelop its Balder and Ringhorne fields in the North Sea, extending their output, the Norwegian energy ministry said on Monday.Overall investments in the…
The UK’s offshore wind industry will need to lean on oil and gas expertise to help decommission wind farms as more than 3 gigawatts (GW) of offshore wind power reaches the end of its design life by 2034, an industry decommissioning conference heard in November…
Keppel Offshore & Marine Ltd (Keppel O&M) through its wholly-owned subsidiary Keppel FELS Limited (Keppel FELS) has delivered the KFELS B Class jackup rig, Cantarell III, to a wholly-owned subsidiary of Grupo R.As part of the deal, Grupo R has…
Oilfield services company Schlumberger announced Thursday that its subsea arm has received a contract from Chevron to provide an integrated subsea production and multiphase boosting system for the deepwater Anchor field in the US Gulf of Mexico…
Services firm Petrofac said it has secured two new framework agreements (FA) for the provision of engineering, procurement, construction and commissioning (EPCC) services in the North Sea.The first, a three-year FA awarded by EnQuest as part of a multi-contractor framework…
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