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i-Tech 7 Taps Hird as APAC Director

Mar 12, 2019

Subsea 7’s life of field business unit i-Tech 7 has appointed Simon Hird as its new regional director to help strengthen and grow its life of field business in the Asia-Pacific region. He will be based in the company’s Perth office.Hird brings…

EnQuest Shares Slump to Three-year Low

Mar 12, 2019

British oil firm EnQuest's shares slumped to a three-year low on Tuesday after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oilfield's reserves by around a fifth.The Kraken oil and gas field in the British North Sea is EnQuest's largest producing asset…

Petrobras Contracts Two Transocean Drillships

Mar 11, 2019

Offshore drilling contractor Transocean announced Monday that two of its ultra-deepwater drillships have been contracted by Petrobras for work offshore Brazil.The two drillships, Ocean Rig Corcovado and Ocean Rig Mykonos, are expected to commence…

Norway Fund to Sell E&P Firms

Mar 08, 2019

Norway's trillion-dollar sovereign wealth fund, the world's biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities, according to a government plan…

Speedcast Offers Intellian v240MT Antenna

Mar 07, 2019

Satellite communications provider Speedcast International said it will begin to offer Intellian’s v240MT antenna to customers in the cruise and offshore energy sectors.The v240MT is Intellian’s next generation, tri-band and multi-orbit 2.4 meter antenna for use on Ku…

2G and 4G Coming to the Goliat Field

Mar 07, 2019

Vår Energi AS, operator of the Goliat field in the Barents Sea, announced Thursday it has entered into an agreement with Telenor Maritime to equip the field with 2G and 4G networks, in an effort to improve safety and emergency response capability in the region…

BW Offshore Cleared to Buy Brazil Oilfield

Mar 06, 2019

Norway's BW Offshore has won approval from Brazil's antitrust watchdog Cade to buy the Maromba oilfield from Petrobras and Chevron, according to a statement in the official gazette on Wednesday.Petrobras has a 70 percent stake in the field, while Chevron has a 30 percent stake…

Pioneering Spirit Shifts to the North Sea

Mar 06, 2019

The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea.The Allseas-owned vessel…

Subsea 7 Wins Three Woodside Contracts

Mar 06, 2019

Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded…

ExxonMobil Plans Big 2020 Capex Boost

Mar 06, 2019

Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said on Wednesday, and the largest U.S. oil company's shares fell after he laid out a strategy to 'lean in' while the rest of the industry cuts back.Exxon shares fell more than 1…

Kraken Receives $2.3 Mln from Ocean Infinity

Mar 05, 2019

Kraken Robotics Inc. announced Tuesday it has received $2.3 million from Ocean Infinity from the exercise of 5,760,000 warrants that had been issued in connection with the company’s private placement of units to Ocean Infinity in June 2018.…

Bristow Taps Miller as CEO

Mar 05, 2019

Offshore helicopter services provider Bristow Group has named L. Don Miller as its new President and Chief Executive Officer and appointed him as a member of the Board of Directors.Miller, who was previously the company's Senior Vice President and Chief Financial Officer…

BP Partners with Enpro on FAM Technology

Mar 05, 2019

BP and Enpro Subsea have executed a Global Frame Agreement aimed at providing an enhanced subsea architecture and smart standardization using Flow Access Module (FAM) technology to enable fast track, capital efficient subsea tiebacks.Enpro said…

Ampelmann Wins Mexico Contract

Mar 04, 2019

Dutch offshore access provider Ampelmann announced Monday it has secured its first contract in Mexico. An A-type system has been mobilized on a flotel and will operate for two months, enabling the installation of an oil and gas platform.The fully motion compensated A-type system…

Subsea Supply Chain Tightening -Proserv

Mar 04, 2019

As exploration and production (E&P) activity in the offshore oil and gas industry gradually accelerates, the global subsea sector is set to face supply chain challenges, predicts controls technology company Proserv.Industry consultants have…

Current News

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Shearwater Bags Turkey Seismic Contract

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Granada Bags Engie Fabricom Deal

Oilfield Services Have to Wait till 2025 For Recovery

Oilfield Services Have to Wait till 2025 For Recovery

Equinor Extends Island Offshore Contract

Equinor Extends Island Offshore Contract

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Neptune Contracts CIMC Raffles, Odfjell Drilling

Spirit Achieves First Oil at Oda Field

Spirit Achieves First Oil at Oda Field

Brazil Likely to Pay Petrobras $10 Bln

Brazil Likely to Pay Petrobras $10 Bln

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