The worldwide oil and gas industry is “resilient, confident and ready to spend” but is at risk of reverting to overspending, just as an increase in large-project approvals loom.That’s the gist of a new report from Oslo-based, all-in-one classification society…
Services company Sonomatic announced it plans to expand radiography capacity within its base at The Core, Bridge of Don, bringing the total number of bays available to five.Sonomatic, a provider of advanced and conventional NDT inspections, engineering…
Italian oil company Eni beat expectations with a 55 percent jump in fourth quarter profit as higher prices, mainly gas, offset a dip in production.Adjusted net profit was 1.459 billion euros ($1.65 billion), above an analyst consensus forecast provided by the company of 1…
Equinor and South Korea's state-owned National Oil Corporation (KNOC) will explore opportunities to develop commercial floating offshore wind farms in South Korea, the Norwegian company said on Friday.South Korea aims to reduce its dependence on nuclear and coal power…
Norwegian oil industry-focused investment firm Aker still sees mergers and acquisitions opportunities for its oil service firms, including Aker Solutions, its chief executive said on Thursday.Oeyvind Eriksen also told Reuters its independent oil firm Aker BP…
Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means…
Danos announced Wednesday it has reached a tentative agreement to acquire the assets and business of fellow Louisiana-based oilfield service company Shamrock Energy Solutions.Danos said it expects the deal to be effective in March 2019, and…
Royal Boskalis Westminster N.V. announced Wednesday that it has signed a contract for the replacement and repair of a part of the inter-array cables at an unnamed offshore wind farm. The contract is valued at approximately $90.4 millionThe Dutch…
Controls technology company Proserv said it has promoted Tore Erntsen to the position of chief technology officer (CTO), Subsea Controls, based at the firm’s Trondheim facility.Prior to taking on his new role, Erntsen was vice president, engineering and technology…
Norwegian energy company Equinor is continuously solidifying its position in Brazil.Indeed, Equinor is considering participating in the upcoming tender of the surplus oil of the “Onerous Assignment”, which saw Petrobras awarded a certain pre…
BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.The move comes about a month after London-listed oil…
Africa-focused Tullow Oil reported its first annual net profit in five years on Wednesday and said it would resume dividends with a 4.8 cent per share payout as it sets its sights on East African projects and drilling in Guyana.As flagged in November…
Marginal Field Development Company (MFDevCo) announced Tuesday it has entered into a collaboration agreement with Siemens’ Dresser-Rand business in support of its gas to wire initiative for the development of marginal gas fields.Siemens becomes the second company…
Dana Gas will begin drilling this year in an area it says could become Egypt's next giant Mediterranean gas field, after seismic data pointed to reserves as large as 20 trillion cubic feet.That data will be put to the test beginning in April or May…
Oil platform builder Kvaerner on Tuesday unexpectedly proposed its first dividend since 2015 and said it may make another such payment later this year, sending its shares soaring.The company said it expected to compete for contracts worth 30-50 billion Norwegian crowns ($3…
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