Equinor posted a bigger than expected drop in third-quarter profit on Wednesday as oil and gas prices fell, and booked asset impairments on a weaker long-term outlook for crude prices.The Norwegian energy group's adjusted earnings before tax for July-September fell 9…
Norwegian offshore connectivity services provider Tampnet has partnered with Quvia, an AI-powered Quality of Experience (QoE) platform, to enhance real-time network performance and reliability across offshore operations.The collaboration integrates Quvia’s software into Tampnet’s offshore network…
Pharos Offshore Group has expanded its subsea trenching fleet with the acquisition of the 620-horsepower UTV620 jet trencher, bolstering its seabed intervention and cable protection capabilities amid rising demand across offshore wind, telecoms…
Dutch heavy-lift technology specialist Huisman has launched Rope Vision, an automated visual inspection tool aimed at improving the reliability, safety and lifespan of crane wire ropes used in heavy lifting operations.Rope Vision combines high…
China’s Ming Yang Smart Energy has officially announced its new medium-speed, compact semi-direct drive product line, and the OceanX platform’s 50 MW ultra-large floating wind turbine, pushing the global single-unit capacity record to a new high…
Oilfield services provider Petrofac said on Friday its ongoing restructuring would leave existing shareholders with no residual value, as it moves to complete the process by November-end.Petrofac is restructuring its finances under pressure from rising costs and delayed payments…
U.S. oilfield services provider Halliburton has secured multiple contracts from Petrobras to provide completion and stimulation services for its deepwater fields offshore Brazil.The contracts entail vessel stimulation, intelligent completions…
Oceaneering International has completed a field trial of its patented Ocean Perception™ marine mammal and wildlife mitigation software solution in the Dutch sector of the North Sea.The trial was conducted aboard an offshore wind installation vessel in collaboration with client Van Oord…
Robosys Automation, a leader in maritime autonomy, vessel control systems, and smart shipping solutions, has announced that it has secured a new contract to retrofit a 26-meter Damen 2610 Fast Crew Supplier (FCS) Twin Axe High Speed Support Vessel (HSSV)…
Baker Hughes, an energy technology company, has secured a contract from Petrobras to supply up to 50 subsea tree systems and associated services to support offshore oil and gas production across multiple fields in Brazil.The modern subsea systems…
Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field…
Oilfield services firm Archer has entered into an agreement to acquire Premium Oilfield Services, a U.S.-based well service provider within fishing and P&A related services.Archer and Premium’s complimentary client base represents more than…
Baker Hughes has signed a multi-year contract with Petrobras to extend deployment of its Blue Marlin and Blue Orca stimulation vessels, supporting offshore oil and gas production in Brazil’s post and pre-salt fields.The award, which followed an open tender…
Oilfield services provider Petrofac has secured a contract extension from ONEgas West, a Shell UK-operated venture, for asset support services in the U.K.’s Southern North Sea.The contract scope provides services across ONEgas West’s Southern North Sea portfolio…
Energy technology company Baker Hughes has secured a contract by Turkish Petroleum (TPAO) and Turkish Petroleum Offshore Technology Center (TP-OTC) to supply subsea production and intelligent completion systems for Sakarya Gas Field Phase 3 in Black Sea…
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