Offshore Engineer Industry News News - page 45

 

Sapura Energy Posts Quarterly Profit

Mar 25, 2019

Malaysia's largest oil and gas services company Sapura Energy on Monday reported a profit for the fourth quarter on gains from disposal of a subsidiary stake, after five consecutive quarters of losses.Sapura's declared net profits of 500.4 million ringgit ($123…

Aker BP Restructures Safe Scandinavia Options

Mar 22, 2019

Semi-submersible accommodation vessel owner and operator Prosafe said it has reached an agreement with Norwegian focused exploration and production company Aker BP to restructure the remaining seven one-month options for the Safe Scandinavia…

Schlumberger, Rockwell Form Automation JV

Mar 21, 2019

Industrial automation and information company Rockwell Automation and oilfield services provider Schlumberger have teamed up to create what they're calling the first fully integrated digital oilfield automation solutions provider.The new Houston based joint venture…

Expro Promotes Two Execs

Mar 21, 2019

Oilfield services company Expro announced Thursday it has promoted two company executives.Current Executive Vice President, Alistair Geddes, has been promoted to Chief Operating Officer (COO) with immediate effect, and Keith Palmer has been…

Murphy Oil Sells Malaysian Assets

Mar 21, 2019

Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States.The buyer…

Ophir Agrees to be Bought by Medco

Mar 21, 2019

London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer.Under the terms, Ophir shareholders will receive 57…

MeeMaken Buys Into Blue Offshore

Mar 21, 2019

Venture capital company MeeMaken BV has acquired a majority stake in Dutch carousel and tensioner manufacturer Blue Offshore Group. Blue Offshore’s management team will maintain ownership of a minority of the company’s shares.Blue Offshore, headquartered in The Hague…

Wintershall Dials In On Brazil Offshore

Mar 21, 2019

BASF's oil and gas subsidiary Wintershall on Thursday said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018.'It is part of our growth course that we are also active in new regions…

UK Offshore Needs £200 Bln Investment -Report

Mar 20, 2019

Exploration and production companies in the UK offshore oil and gas sector will need to invest £200 billion in existing operations and new opportunities to sustain the next generation of productive life, according to a recent industry report…

TechnipFMC Wins Johan Sverdrup 2 Contract

Mar 20, 2019

TechnipFMC said on Wednesday it has secured a contract from Norwegian operator Equinor for the delivery and installation of the subsea production system the at Johan Sverdrup Phase 2 development offshore Norway.The award covers the delivery…

Pioneering Spirit Gets a Scrub Down

Mar 19, 2019

The world's largest vessel, Pioneering Spirit, received a robotic hull cleaning during a recent port call in Rotterdam.The Allseas owned multipurpose vessel, which is on a temporary break from Nord Stream 2 pipelaying activities, made a stop…

Petrobras Names Former Vale Exec as CFO

Mar 19, 2019

Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, named Andrea Marques de Almeida, an engineer and former executive at mining company Vale SA, as its new chief financial officer, according to a securities filing.Andrea Almeida will replace Rafael Salvador Grisolia…

Wood's Profit Beats Estimates

Mar 19, 2019

Wood Plc's 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec Foster Wheeler and increased revenue synergies from the deal.Aberdeen…

Woodside Invests in Cyber Security

Mar 18, 2019

Australia's largest independent oil and gas company said it has invested in a Western Australian company specializing in the protection and security of critical infrastructure.Woodside will take a 10% shareholding in Sapien Cyber, subject to satisfaction of conditions precedent…

Rever Offshore Names MacLeod CEO

Mar 18, 2019

Subsea services provider Rever Offshore, formerly Bibby Offshore, said on Monday it has appointed Barry MacLeod as its new chief executive officer, replacing Mark Bessell, who stepped down from the role last month, for personal reasons.MacLeod’s…

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Petrobras CEO Says Too Early to Make Carbon Commitment

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Cyprus Petitions The Hague to Safeguard Offshore Rights

Cyprus Petitions The Hague to Safeguard Offshore Rights

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Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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