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…
InfraStrata, the parent company of Belfast shipyard Harland and Wolff, has entered into a memorandum of understanding (MoU) with Spanish shipbuilding company Navantia SA.Under the MoU, the companies plan to cooperate on offshore wind projects…
Norway-based international subsea operating company DOF Subsea announced several contract-awards in the Asia Pacific region, securing 130 days vessel and resource utilization into the first quarter of 2020. The contracts, for undisclosed clients in New Zealand and South East Asia…
A new recommended practice (RP) to standardize operator requirements for welding and inspection of subsea equipment has been published by DNV GL.DNVGL-RP-B204 “Welding of subsea production system equipment” provides harmonized operator requirements…
Oilfield services company Halliburton introduced the Xtreme Single-Trip Multizone (XSTMZ) system for completing wells in deepwater and ultra-deepwater conditions up to 15,000-psi, to be used by a major operator in the Gulf of Mexico in 2020…
NOIA President Erik Milito weighs in after Congressional Democrats introduced the Stop Giving Big Oil Free Money Act, which the lawmakers say will repeal 'a loophole' in the Deepwater Royalty Relief Act of 1995 (DWRRA) that allowed oil and gas…
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…
With the oil price tracking a course that’s keeping nearly every oilfield viable, operators in the second half of 2019 are drilling a bevy of exploration and production wells that’s just lifting rig futures.Paradoxically, oil companies drill…
Norwegian oil and gas investments will probably hit a five-year high next year, extending a recovery that has boosted the economy, a survey by Statistics Norway (SSB) showed on Thursday.The closely watched forecasts, based on data from oil and gas companies working in Norway…
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…
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…
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…
Total criticized on Thursday the European Investment Bank's decision to stop financing all fossil fuel projects including gas, saying companies that might switch to gas-fired power plants from heavy-polluting coal could now reconsider.'I think…
Maersk's offshore services arm has been awarded a contract to provide towing and mooring installation work for an unnamed floating production, storage and offloading unit (FPSO) in the North Sea.The work scope includes project management, engineering…
Penta-Ocean Construction, Kajima Corporation, and Yorigami Maritime Construction have agreed to jointly construct a wind farm installation vessel capable of installing foundations and turbines with a capacity of between 10MW and 12MW.The three…
Subscribe
