Offshore Engineer Industry News News - page 3

 

Coretrax Acquires Churchill

Nov 26, 2019

Well construction and intervention company Coretrax announced on Tuesday it has acquired Churchill Drilling Tools for an undisclosed sum as part of an ongoing growth and expansion strategy.Coretrax has been investing heavily in developing technology…

Mitsubishi Beats Shell to Buy Eneco

Nov 25, 2019

A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR.Eneco, a company owned by…

BV Wins Shell Services Deal

Nov 25, 2019

testing, inspection and certification services firm Bureau Veritas said its consultancy and outsourcing brand has been awarded a three-year Enterprise Frame Agreement with Shell to provide asset integrity management support services.The scope…

Ardyne Scores Services Deal from Equinor

Nov 25, 2019

UK plug, abandonment and casing recovery specialist Ardyne said it has entered a frame agreement with Norwegian energy company Equinor to provide fishing services covering all of the operator’s assets on the Norwegian Continental Shelf.The agreement…

N-Sea-BODAC Boosts UXO Services Offering

Nov 25, 2019

UXO survey, identification and disposal services joint venture N-Sea-BODAC reports it will make significant investment in its further development following year-on-year commercial growth since being formed in 2016.“Following three years of successful joint operations…

SBM Acquires Constellation's Stakes in 5 FPSOs

Nov 22, 2019

SBM Offshore announced on Friday it has completed the purchase of Constellation’s equity ownership in the lease and operating companies related to five Brazilian floating production, storage and offloading units (FPSO).The Netherlands based…

Siccar Point Attracts Bids of up to $2 Bln

Nov 22, 2019

Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources.Bidders in the first round, which ended on Nov…

Neptune: 'Remote' Possibility of 2020 IPO

Nov 22, 2019

Neptune Energy said on Friday there was only a 'remote' possibility it would launch an initial public offering next year, as the group was focused for now on exploration and bringing projects to production.Chief Executive Jim House also said…

Seadrill Chairman Steps Down

Nov 21, 2019

Seadrill Chairman John Fredriksen, the oil rig firm's top shareholder, is stepping down with immediate effect, the company said on Thursday, as it holds discussions with lenders about restructuring its massive debts.The 75-year-old billionaire investor…

Sarawak Seeks to Recoup Tax from Petronas

Nov 21, 2019

Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…

In Namibia, Eco Atlantic Plots Journey Ahead

Nov 21, 2019

Oil and gas exploration and production company Eco Atlantic appears determined to make a breakthrough in its underexplored Namibian offshore assets after preliminary works in preparation for a deep dive it expects to take in the four offshore permits as early as October next year…

LR Bolsters Well Management Team

Nov 21, 2019

Lloyd’s Register announced it has made several key appointments to its wells engineering and project management consultancy following a series of major contract wins and global growth.John O’Neill brings more than 25 years’ experience in global…

Neptune Awarded Dutch Exploration Block

Nov 20, 2019

Neptune Energy said it has been awarded an exploration permit for block F5 in the Dutch sector of the North Sea from the Ministry of Economic Affairs & Climate Policy.The block is located 200 kilometers north of Den Helder and 25 kilometers southwest of the Neptune-operated F3-B platform…

Partners Bring AI to Energy

Nov 20, 2019

Baker Hughes, C3.ai, and Microsoft Corp. announced an alliance to bring enterprise artificial intelligence (AI) solutions to the energy industry on the Microsoft Azure cloud computing platform.This alliance will enable customers to streamline…

XOCEAN Attracts Funds for Global Growth

Nov 20, 2019

Ocean data company XOCEAN announced the completion of a €7.9 million ($8.8 million) funding round, fully subscribed by existing shareholders, to support its international growth plans.XOCEAN said it has set out to transform the way ocean data…

Current News

U.S. Drillers Add Rigs for first Week in Eight

U.S. Drillers Add Rigs for first Week in Eight

S&P Cuts Tullow Oil's Credit Rating

S&P Cuts Tullow Oil's Credit Rating

Japanese Partners Buy into Sepetiba FPSO

Japanese Partners Buy into Sepetiba FPSO

DNO Makes Small Find Offshore Norway

DNO Makes Small Find Offshore Norway

Johan Castberg Oil to Export Direct to Market

Johan Castberg Oil to Export Direct to Market

Yothaka East-2 Sidetrack Disappoints

Yothaka East-2 Sidetrack Disappoints

Keppel Delivers Jackup Rig to Grupo R

Keppel Delivers Jackup Rig to Grupo R

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Offshore Engineer (Nov/Dec 2019)

This issue of Offshore Engineer is dedicated to Exploration Outlook

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