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…
Norwegian energy company Equinor has taken a 50% stake in Argentina's largest offshore block as part of its collaboration with the South American country's state-controlled oil firm YPF.Equinor said on Wednesday it has signed a preliminary agreement…
In the oil and gas industry, cold, hard data greatly informs an upstream operator when it looks to predict the future direction of the market and chart the course of its business strategy.A substantial rise in the price of oil might mean previously shelved…
Petrofac, the provider of oilfield services to the international oil and gas industry, announced the start of power generation from a major offshore wind project (OWP) in Germany.The 900 mega-watt BorWin3 platform has started the process of…
Norwegian oil and gas operator Aker BP has failed to find oil at the 6608/6-1 exploration well in the North Sea, reported Norwegian Petroleum Directorate (NPD).The well was drilled about 65 kms northeast of the Norne field and 170 kms west of Sandnessjøen…
Norwegian operator Aker Energy has again extended an option agreement for the use of floating production, storage and offloading (FPSO) vessel with Ocean Yield.'Ocean Yield has today agreed with Aker Energy to extend the option period until 31st December 2019 against additional compensation…
Norwegian offshore supply vessel (OSV) operator DOF has won work for two anchor-handling tug supply (AHTS) contracts to support OMV's drilling operations in New Zealand.Two AHTS vessels, Skandi Emerald and Skandi Atlantic, have been contracted…
When used under the right circumstances, subsea processing technologies have clear and obvious benefits as an enabler for increased oil recovery and even as a more environmentally friendly alternative to conventional processing equipment.In many instances…
Australia's largest oil and gas operator Woodside Energy will leverage Schlumberger's DELFI cognitive cloud-based software environment in an effort to increase consistency, reduce study cycle time and foster innovation in its subsurface characterization and development activities…
Oilfield equipment and service provider National Oilwell Varco has begun trimming its workforce for the second time this year, two people familiar with the matter said this week, as oil producers cut spending budgets.The Houston, Texas-based…
A developmental drilling program in the producing Manora field offshore Thailand has been completed ahead of schedule, project partner Tap Oil announced on Tuesday.The first of the three wells was spudded on July 9 by the Ensco 115 jack-up drilling rig…
California-based Upwing Energy said it has been awarded 10 new patents from the US Patent and Trademark Office (USPTO) for critical enabling technologies in the company’s downhole rotating tools and proprietary methods used to increase hydrocarbon production and recovery…
Jan De Nul Group said it has installed all 20 foundations for the 120-megawatt (MW) Formosa 1 Phase 2 wind farm offshore Taiwan.As part of the Dutch company mobilized the Seaway Yudin to install the foundations as part of its EPCI contract for building of the overall balance of plant…
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