Italian multinational oil and gas company Eni has signed an exploration and production-sharing agreement (EPSA) with the National Oil and Gas Authority of Bahrain (NOGA) for Block 1.The signing took place in the presence of Sheik Mohamed Bin Khalifa Al Khalifa…
Denmark-based Swire Blue Ocean (SBO) has appointed Matt Bowden as the new Area Manager in Taiwan with the aim to strengthen its local business presence.SBO, which designs and develops vessels used for the installation of offshore wind turbines and foundations…
Global subsea equipment solutions specialist, Ashtead Technology has appointed a new regional director for Asia-Pacific.James Christie joins the Aberdeen-based firm from Subsea 7 as Ashtead completes a six-figure investment to double the size of its Singapore facility…
John Fredriksen's offshore drilling firm Northern Drilling has ordered another newbuild rig having exercised a previously held option for the Cobalt Explorer drillship to be delivered by Daewoo Shipbuilding & Marine Engineering (DSME) by the first quarter of 2021…
The international midstream services provider to the offshore oil production industry Teekay Offshore Partners announced that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO units…
U.S. oil and gas producer Apache Corp reported a 69 percent plunge in adjusted quarterly profit on Wednesday, as lower crude and natural gas prices offset higher output from the Permian basin in the United States and the UK North Sea.The Houston…
Algeria's state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment.Algeria…
Connectors manufacturer SubConn has grown its production capacity in the US, with first connectors expected to come out of its new facility by October 2019.The company has invested in a 2,300-square-meter new location that combined with its existing 2…
Deepwater mooring rope manufacturer Lankhorst Offshore announced Wednesday it has been awarded a contract by TechnipFMC to supply the mooring lines for the Energean Power floating production, storage and offloading unit (FPSO) for the Karish and Tanin gas fields…
Oceaneering International said it has secured a contract to provide integrated remotely operated underwater vehicle (ROV) services for Wintershall offshore Norway.The deal covers ROV services for the Northern Drilling Moss Maritime CS-60Mk type drilling unit West Mira…
Much has been made of an expected recovery for offshore. We share that optimism. We think there will be around 20 final investment decisions (FID) for floating production, storage and offloading units (FPSO), nearly 60 subsea projects and a total of 330 trees going ahead this year…
Orsted on Wednesday reported higher first-quarter earnings from its offshore wind farms, in a positive sign for the Danish company's focus on renewables after selling its oil and gas business in 2017.Earnings from Orsted's core wind business…
Qatar Petroleum announced Wednesday it has awarded contracts for eight offshore jackup drilling rigs for the North Field Expansion Project.Contracts for six of the rigs were awarded to Gulf Drilling International (GDI), while the contracts for…
Looking at the global subsea picture, what trends do you see, and how does Proserv plan to capitalize on potential areas of opportunity?In my opinion, we are now past the stabilization phase in the subsea sector, which has taken us through the last 18 months…
MacGregor, part of Cargotec, has completed the construction of FibreTrac, the first fibre-rope offshore crane to enter the market.The FibreTrac crane has a 150-tonne safe working load (SWL) capacity. It features a rope monitoring and management…
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