Baker Hughes’ rig count for December 2015 shows decreases across five of the six regions with the US suffering the most, representing a 59.3% drop year-on-year, and the Middle East with the only increase. Image from iStock…
ABS, a provider of classification services to the global marine and offshore industry, has signed a strategic cooperation agreement with Marine Design and Research Institute of China (MARIC) to expand collaboration, focusing on operational…
PACC Offshore Services Holdings (POSH), an Asia-based offshore marine services provider, has announced that it has entered into a joint venture (JV) and incorporated “POSH Saudi Co.” with Saudi Arabia’s Hmood Al-Khalaf Group as part of its plans to expand its presence in the Middle East…
Hardide Coatings, a UK-based provider of advanced surface coating technology, has announced the opening of its new Virginia production facility. In January 2015 the company commenced an investment of up to US$7 million in Martinsville to expand its production operations to North America…
A year on since the oil price collapse and the effects are making themselves felt across Northwest Europe, particularly in the UK and Norwegian sectors. The count of exploration and appraisal well spuds in the UK is an all-time low…
Lundin Petroleum has started drilling the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia. The Bambazon prospect is in shallow water and lies to the north of a major producing field in offshore East Malaysia. The well will target hydrocarbons in Miocene aged sands…
Statoil Petroleum has signed master service agreements with Aker Solutions and OneSubsea Processing. The agreements form the basis for potential new engineering, procurement and construction (EPC) for subsea equipment in the medium term future…
2015 truly was the year of ups and downs. At the start of the new year the price of oil tumbled to just below the US$50/bbl mark and by 31 December it rested at just under $40, at $37.04/bbl. However, it is not known what true bottom is for the market…
Trendsetter Engineering has announced the acquisition of Wiltor Machine, a 6000sq ft precision machine shop in north Houston specializing in complete turnkey, proto‐type, and production machining for the oil and gas industry. This machine shop has experience machining stainless steel…
UK-based underground coal gasification (UCG) firm Cluff Natural Resources (CLNR) is in the process of securing industry partners to fund and develop its North Sea work program. Map of CLNR's North Sea assets…
Borets has appointed David Langley as North American HSE manager. Langley. Image courtesy of Borets. Based at Borets’ US corporate office in Houston, Langley will be responsible…
GMB, the union for workers in energy industries and the offshore supply chain, has told Amber Rudd, MP, secretary of state for energy and climate change, that delaying offshore installation decommissioning work any further would be catastrophic for jobs and investment…
PETRONAS started oil production from the Tanjong Baram field, offshore Sarawak Malaysia. The field, which is estimated to produce an average of 2000 b/d, consists of a platform with production tied into the West Lutong Drilling Platform A (WLDP-A) complex via a flexible production pipeline…
Wood Group has been awarded a new contract by PetroRio to deliver services to the Polvo A platform, in the southern Campos basin, approximately 100km off the coast of Rio de Janeiro. Integrated operations and maintenance services will be provided by Wood Group PSN under the two year contract…
Houston-based Ensco received a cancelation notice from Brazilian giant Petrobras for the DS-5 drilling rig, citing improper payments. Image of the Ensco DS-5 drillship. Courtesy of Ensco. Last year…
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