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Schlumberger Names New CEO, Tops Revenue

few minutes ago

Schlumberger NV said on Friday Chief Operating Officer Olivier Le Peuch will replace longtime Chief Executive Officer Paal Kibsgaard, as the company looks to shore up its position as a leader in drilling technology.The world's largest oilfield services provider also reported better-than-expected quarterly revenue, as demand in international markets countered weakness in North America, sending its shares up more than 1% before the bell…

McDermott Opens Subsea Center in London

Jul 18, 2019

McDermott International said it has relocated its Subsea Center of Excellence from Epsom in Surrey to Bedfont Lakes office park near Feltham in London, to strengthen its subsea offering there following BP’s award of the Greater Tortue Ahmeyim natural gas roject…

Greece Creating Offshore Emergency Response Plan

Jul 18, 2019

A new Emergency Response Plan for Greece's offshore hydrocarbon installations has been developed through cooperation between Hellenic Hydrocarbon Resources Management (HHRM) and Lloyd’s Register.The first draft of the plan, which sets the response…

Aker Energy IPO May be in Late 2019 or 2020

Jul 18, 2019

Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana approves the development plan of its Pecan oilfield, the CEO said.The company, controlled by Norwegian billionaire Kjell Inge Roekke…

MDL Builds HLS for Double North Sea Scope

Jul 17, 2019

Maritime Developments (MDL) said it has added a horizontal lay system (HLS) to its rental fleet following a double project award from a new client in the North SeaThe HLS is designed to work in conjunction with the complete range of MDL 2-track…

Xodus to Acquire Green Light Environmental

Jul 17, 2019

Energy consultancy Xodus Group announced that an agreement is in place to acquire Perth-based Green Light Environmental.As part of the company’s plans to expand its Asia Pacific (APAC) operations, Xodus’ new integrated environmental capability in Perth will be led by Petrina Raitt…

Emerson Updates Reservoir Modeling Software

Jul 17, 2019

Emerson said it has launched Roxar RMS 11.1, the latest version of its reservoir modeling software., designed to enhance workflow automation and ease of use. This version provides a range of powerful technologies for building and visualizing high-quality reservoir models…

New CEO Guy Takes the Helm at EnerMech

Jul 17, 2019

Aberdeen-headquartered services company EnerMech announced on Wednesday that John Guy has been appointed as Chief Executive Officer (CEO), succeeding company founder Doug Duguid, who will assume the role of Deputy Chairman.Guy’s appointment as CEO will become effective from August 1…

Aker Solutions Beats Forecasts

Jul 17, 2019

Aker Solutions beat second-quarter earnings on Wednesday citing demand from the offshore oil sector despite price pressure from ongoing high capacity.Service providers are slowly recovering from a 2014 slump in oil prices that prompted companies to curb offshore projects…

Eni CEO Sues Lawyer for Defamation

Jul 17, 2019

The head of Italian oil group Eni has sued a former legal adviser to the company for defamation after excerpts of the lawyer's written testimony relating to a Nigerian corruption case were published in several newspapers on Wednesday.Eni said…

Saipem to Build Floating Wind Farm in Saudi Arabia

Jul 17, 2019

Italian services company Saipem said it will design and built a 500 megawatt (MW) floating offshore wind farm in Saudi Arabia under a memorandum of understanding and exclusive agreement with Abu Dhabi based renewables solutions firm Plambeck Emirates…

Parker Drilling CEO to Retire

Jul 16, 2019

Oilfield services firm Parker Drilling Company said its president, CEO and director, Gary Rich, will retire later this year.The Houston-based company, which completed a financial restructuring earlier this year, said Rich will remain in his…

Create Positive Change in the Offshore Industry

Jul 16, 2019

The business case for investing in new technology is much more than simply looking for new capabilities on the promise of greater efficiency and lower costs. Lee Clarke of Dynama advocates considering the bigger picture and explains why it pays…

Bourbon Aims to Step Up Crew Boat Comfort

Jul 16, 2019

Offshore personnel transport provider Bourbon Mobility said it is proposing services inspired by the aviation industry for its customers.The company has called on the expertise of the PEUGEOT Design Lab for the design of new cabins developed in a range of three comfort levels: Business Class…

Keppel Wins Yinson FPSO Modification Work

Jul 16, 2019

Singapore-based Keppel Offshore & Marine (Keppel O&M) has through its wholly-owned subsidiary Keppel Shipyard, secured a contract from repeat customer Yinson for the modification of a floating production, storage and offloading vessel (FPSO)…

Current News

3D Inversion Helps Tackle Complex Reservoirs

3D Inversion Helps Tackle Complex Reservoirs

Schlumberger Names New CEO, Tops Revenue

Schlumberger Names New CEO, Tops Revenue

Five Bid on 12 Blocks Offshore in Israel

Five Bid on 12 Blocks Offshore in Israel

JGC Containers Ready for Moray East OWF

JGC Containers Ready for Moray East OWF

Tolent Begins Triton Knoll Base Work

Tolent Begins Triton Knoll Base Work

Prysmian Supports French OWF

Prysmian Supports French OWF

Offshore Projects Exceeds 2014 Numbers

Offshore Projects Exceeds 2014 Numbers

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