Russian oil producer Lukoil said on Thursday that it was expecting its hydrocarbon production to increase by 3.5 percent this year.The company also plans an increase in hydrocarbon production of 1 percent next year, a company official said on a conference call…
Bergen-based Vestdavit said has secured a contract to equip the Nexans flag ship cable layer Nexans Aurora with its MissionEase multi-boat handling system for mission bays.The cable laying vessel (CLV) has been designed by Skipsteknisk in Ålesund…
ABS awarded GE Service Provider recognition for GE’s Marine Solutions’ SeaStream Insight—a data analytics-informed solution that provides health and performance monitoring of rig equipment via a digital twin—enabling condition-based maintenance on ABS classed rigs…
The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a 10th straight week of crude inventory build in the U.S. – striking fears of a repeat of the 2014/16 oil glut.In the week ending 23 November crude inventory grew by 3…
The wheels of discovering and exploiting hydrocarbon resources offshore the Union of the Comoros, off Africa's east coast, may have been moving albeit slowly since 2008 when the government first invited bids for exploration of oil and gas in the Indian Ocean's volcanic archipelago…
MHI Vestas Offshore Wind (MVOW), a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, has announced the appointment of Jason Folsom, the US offshore wind veteran.Folsom, a respected offshore wind expert with extensive new…
Gabon's Minister of Oil and Hydrocarbons Pascal Houangni Ambouroué has unveiled a new offshore licensing round covering 12 shallow-water and 23 deep-water blocks.A report from global law firm Dentons pointed out that this new bid round for offshore…
The provider of advanced surface coating technology Hardide Coatings has provided a coating solution for a new tool that will save oil and gas operators millions of pounds per year by extending weather windows for drilling operations.According to a press release from the manufacturer of coatings…
Petrobras says it reached a USD370mln deal with Perenco to sell its operations in the Polo Nordeste and granted oil 3R Petroleum a 40-year concession to operate 34 oil fields in Bacia Potigar in a deal worth USD453mln.According to a press release…
Energy services provider THREE60 Energy has appointed Walter Thain as Group Chief Executive Officer. He will be responsible for leading strategic growth across the group, broadening its technical and geographic capability and extending its footprint in key energy markets…
Energy services company Chet Morrison Contractors LLC said it has completed an Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) work scope at the Iguana field development for Trinidad and Tobago’s newest upstream operator…
Subsea Technology and Rentals (STR), a multi-disciplinary technology expert specializing in the design, production, rental and sale of innovative marine survey equipment, has become the first company to invest in Sonardyne International Ltd…
Sea-state monitoring firm Miros Group is set to supply eight Oil Spill Detection (OSD) systems to Brazilian oil major Petrobras in the world’s largest x-band radar-based OSD surveillance and response contract to date.The agreement is in partnership with Ulstein Belga Marine…
The spending plans of oil majors BP and Equinor are unaffected by the more than 25 percent drop in oil prices since early October, their CEOs said on Wednesday.Oil and gas companies were boosted over the first nine months of the year by a recovery…
i-Tech Services said it has secured its first inspection, repair and maintenance (IRM) contract for the vessel MMA Pinnacle with a Malaysia-based integrated oil and gas services company, following the signing of a long-term vessel charter agreement in the Asia Pacific region earlier this year…
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