Offshore Engineer Industry News News

 

Anadarko Shareholders Go for Cash in Oxy Buyout

Aug 08, 2019

Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp, ending a short-lived contest that pitted two of the most storied names in the oil industry against one another…

Subsea Innovation Workshop Humming

Aug 08, 2019

Launch and recovery systems (LARS) specialist Subsea Innovation, part of Tekmar Group, said its workshop is currently busy with five systems in progress and soon to be dispatched.In the previous 12 months the company has delivered a range of new and refurbished systems…

BHP Sanctions Ruby Project

Aug 08, 2019

BHP Group said on Thursday it has approved $283 million in funding to develop the Ruby Project offshore in Trinidad and Tobago.Total investment in the project, in which operator BHP holds a 68.5% stake, is about $500 million, the company said…

Exxon Looks to Spur Norwegian Asset Sales

Aug 08, 2019

U.S. oil major Exxon Mobil has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said.Exxon said in June that it was looking to test market interest for its Norwegian upstream portfolio…

Hybrid Propulsion for Acta Centaurus

Aug 08, 2019

Acta Centaurus, a new DP2 walk-to-work offshore wind construction support vessel owned by Netherlands-based Acta Marine, will be fitted with hybrid propulsion capability from Wärtsilä, the Finland-based technology group announced on Thursday…

Valaris Extends RigNet Deal

Aug 07, 2019

Houston-based networking solutions provider RigNet said it has signed a multi-year contract extension with offshore driller Valaris (formerly EnscoRowan).Under the agreement, RigNet will continue to provide Managed Communication Services including…

Exterran Unveils Produced Water Technologies

Aug 07, 2019

Exterran Corporation has launched its new produced water technology suite with the aim to provide operators with a complete water and solids management solution.Withe the launch of the new Separon product portfolio, the company’s suite of integrated technologies now includes desanders…

Amplus Awarded Contract in Angola

Aug 07, 2019

Floating production solutions specialist Amplus Energy Services announced on Wednesday that it has been awarded a multimillion-dollar contract to reevaluate the development of marginal fields in Angola with the aim to form economically viable…

Dvalin Module Lift Completed

Aug 06, 2019

The 3,500-metric-ton Dvalin module has been lifted aboard the Heidrun platform in the Norwegian Sea.The three-hour operation on August 3 follows a major construction phase and ranks among the heaviest lifts onto an existing platform in the history of the Norwegian continental shelf…

PSW Group Wins Transocean BOP Contract

Aug 06, 2019

PSW Group has been awarded a contract with Transocean for storage and maintenance of blowout preventers (BOP) for Cat-D rigs. The agreement has a duration of five years.The scope of work consist of storage and inspection, maintenance and repair…

Peterson Awarded Repsol Contract

Aug 06, 2019

Energy logistics company Peterson said it is growing its Caribbean presence after being awarded a major contract with Repsol Exploracion Guyana, S.A.Having been selected as the main logistics contractor for the Carapa 1 exploration and drilling project offshore Guyana…

Saipem to Establish US Spool-base

Aug 05, 2019

Saipem announced on Monday it will establish a 'highly specialized' spool-base on Greenwood Island, Pascagoula, Miss. designed to provide support for vessels performing pipelay activities for offshore oil and gas development projects in the Gulf of Mexico…

Exxon Mobil Profit Sinks

Aug 05, 2019

Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil production was offset by weaker refining and chemicals business.Shares slipped 1.6 percent to $71…

Sonsub Hydrone-R Launched in Water

Aug 02, 2019

On July 1, Saipem-Sonsub’s Hydrone-R underwater intervention drone was launched in water to start the endurance and qualification tests prior to its commercialization by year’s end.The Hydrone Program is the key workstream of Saipem’s Technology Development Plan within subsea robotics…

Petrobras Posts Highest-ever Quarterly Profit

Aug 02, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA posted its highest ever quarterly profit on Thursday and handily beat analysts' estimates, thanks in large part to billions of reais in asset sales.In a securities filing, Petrobras, as the firm is commonly known…

Current News

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New Jersey to Create WIND Institute

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