The Abu Dhabi National Oil Company (ADNOC) has awarded three multi-billion-dollar contracts for the procurement of casing and tubing, the United Arab Emirates state-owned oil company announced on Wednesday.The contracts – awarded to Consolidated Suppliers Establishment…
Natural gas production at Egypt's Zohr field, the largest gas field in the Mediterranean, has increased to 2.7 billion cubic feet per day (bcfd), Egypt's petroleum minister said on Wednesday.In February, Egypt's petroleum ministry said the field's production stood at 2…
Subsea services provider Rever Offshore said it it has completed multiple projects within the North Sea in 2019, building upon existing frame agreements which has allowed clients quicker access to its fleet of specialized subsea support vessels and team…
Norwegian downhole technology company Well Conveyor said it has received equity investment from Chevron Technology Ventures (CTV), a division of Chevron U.S.A. Inc. Combined with additional investments from existing investors ProVenture and Investinor…
Oilfield products company Forum Energy Technologies said it has reached a deal to sell its aggregate 40% interest in subsea rentals company Ashtead Technology to Buckthorn Partners and other investors that currently own the majority of the equity interests in Ashtead…
A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday received $159.4 million in high bids, government officials said.Combined with a March auction that drew $244.3 million in high bids, the total was the highest annual bid level since 2015…
Offshore contractor Subsea 7 isn't limiting its search to the offshore and subsea talent pool as it looks to grow its engineering team. The company said it is offering experienced engineers from all sectors the opportunity to forge a new career in the subsea industry…
Fluid transfer systems provider FES International said it has secured four new orders to deliver is Diver Bend Stiffener Connectors (DBSCs) to projects across Asia, Africa and Europe.The 31 DBSCs will be supplied for projects taking place in the Johan Castberg field in the Barents Sea…
Trelleborg announced on Wednesday that its offshore operation has been awarded a fast track contract to produce more than 80 laminated elastomeric bearings for floating production storage and offloading (FPSO) vessel operator MODEC.The first…
Faulty elements in the subsea network within the Greater Guillemot Area field were diagnosed and replaced within 24 hours of the start of a recent fault-finding campaign, subsea testing tools manufacturer C-Kore Systems said.The GGA area in…
Norwegian engineering and equipment firm Aker Solutions said it has secured a NOK 700 million ($78.2 million) order from ADNOC (Abu Dhabi National Oil Company) to deliver subsea umbilicals for the Dalma gas development project located offshore…
Italian services firm Saipem is implementing software from DNV GL to optimize the planning of inspections and repairs for its crane and pipelaying vessels. DNV GL said it will supply its advanced software, ShipManager Hull, for implementation on five vessels of the Saipem fleet…
Sparrows Group announced on Wednesday it haws been awarded its first contract to deliver deck operations services in the UK Continental Shelf (UKCS) from supermajor BP.The Aberdeen-based equipment and services firm said the contract builds on…
Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in U.S. crude inventories, but lingering worries about a possible global recession capped gains.Brent crude had gained 26 cents…
Gulf Marine Services said on Wednesday Chief Executive Officer Duncan Anderson has resigned as the oilfield industry contractor warned a reassessment of its ships and contracts showed profit would fall this year, kicking its shares 12% down…
Subscribe
