Offshore Engineer Industry News News - page 5

 

Neodrill, InterMoor Partner

Dec 09, 2019

Pre-rig technology solutions company Neodrill announced a global cooperation agreement with mooring, foundations and subsea installation services provider InterMoor for project execution and installation support.Effective immediately, the new…

Zentech, WW Industries Partner

Dec 06, 2019

Two Houston based firms have teamed up to provide offshore drilling rig surveys, engineering and manufacturing for rig modifications or upgrades.Marine engineering and naval architecture firm Zentech Incorporated said it has partnered with fabrication…

Timeline: Saudi Aramco's Winding Road to IPO

Dec 06, 2019

State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion listing in 2014.Here are key events in the Saudi state oil giant's planned stock market debut…

Fugro Completes Deepwater AUV Survey for BSP

Dec 06, 2019

Fugro reports it has completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).The survey was performed in August in water depths of 600 m using the Fugro Equator, a dedicated geophysical survey vessel…

Oil Companies Swap Stakes in Mexico

Dec 05, 2019

With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own…

Neptune Buys East Sepinggan Stake

Dec 05, 2019

Neptune Energy has acquired from Eni a 20% participating interest in the in the East Sepinggan area offshore Indonesia.Eni, with 65% interest, will continue to be the operator of the area which is located in the East Sepinggan area, offshore East Kalimantan in Indonesia…

SBM Orders Two More Fast4Ward Hulls

Dec 05, 2019

SBM Offshore announced it has signed contracts with Chinese shipyards for the construction of the company’s fourth and fifth hulls under its purchase program for Fast4Ward newbuild multipurpose floating production, storage and offloading unit (FPSO) hulls…

AXIS, STEHMO Supporting Subsea Installation Market

Dec 04, 2019

AXIS Pipeline Construction Group and ST Engineering Halter Marine and Offshore shipyard have partnered to service the subsea fabrication and installation market.  This newly forged partnership, combined with more than 40 years of subsea fabrication and installation management experience…

Motive Offshore Acquires Pumptech, Launches Flexibles Arm

Dec 04, 2019

Marine equipment fabrication and rental company Motive Offshore Group has rounded off the final quarter of 2019 with the launch of a new Flexibles division and supporting acquisition.Motive has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum…

Ørsted, Covestro Ink World's Largest Offshore Wind PPA

Dec 04, 2019

Polymer materials supplier Covestro has signed a 10-year corporate power purchase agreement with Ørsted to buy the output of 100MW from the planned Borkum Riffgrund 3 offshore wind farm, expected to be fully commissioned in 2025, subject to Ørsted's final investment decision (FID)…

XOCEAN Acquires 4D Ocean

Dec 04, 2019

Ocean data company XOCEAN announced on Wednesday that it has completed the acquisition of autonomous hydrographic survey company 4D Ocean.The announcement follows the news of XOCEAN’s successful €7.9 million funding round earlier this month…

Vår Energi Spurs Digital Transformation

Dec 03, 2019

Vår Energi said on Tuesday it has signed a partnership agreement with Capgemini to accelerate digital transformation.Under the agreement, Capgemini will support Vår Energi’s Digital transformation program, including delivery of digital services…

Jadestone Names Stewart Non-Executive Director

Dec 02, 2019

Asia Pacific focused independent Jadestone Energy said it has appointed Lisa A. Stewart as a non-executive director of the board, effective December 1, following the departure of Eric Schwitzer, effective November 30. Jadestone will continue to have eight directors…

Subsea Tieback Research Hub Opens in WA

Nov 29, 2019

A new research and technology center backed by Chevron and Woodside has been launched at The University of Western Australia (UWA) to study long subsea tiebacks.The Center for Long Subsea Tiebacks laboratory located at UWA will focus on long…

Saudi Aramco IPO: $44.3 Bln in Bids So Far

Nov 29, 2019

Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25…

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