Data from KPMG’s 2018 Oil and Gas CEO Outlook, released Oct. 10, reveals that globally, almost all oil and gas CEOs believe new technology creates opportunities. Eighty-five percent are piloting or have already implemented Artificial Intelligence (AI)…
North East engineering specialist Osbit Ltd has developed a cable bend fatigue test rig for the Offshore Renewable Energy (ORE) Catapult that will support the development, and improve the performance and reliability, of subsea cables.According to a press release from the company…
UK-based offshore wind crew transfer vessel operator Njord Offshore Ltd will be managing a new purpose built 35-m Service Accommodation and Transfer Vessel (SATV) on long term charter to Siemens Gamesa Renewable Energy A/S for Formosa 1 offshore wind power plant in Taiwan…
Texas-based offshore drilling contractor Rowan Companies announced that it has concluded the sale of two LeTourneau TARZAN Class jack-up rigs, the Scooter Yeargain and the Hank Boswell, to ARO Drilling.The net economic impact of this transaction…
South Korean shipbuilder Hyundai Heavy Industries (HHI) has been awarded a contract to build a floating production system(FPS) for LLOG Exploration of the U.S..HHI, the world's biggest shipbuilder by orders, said in a stock exchange announcement…
Novatek said its Arctic LNG 3 unit confirmed the discovery of a new natural gas and gas condensate field at the North-Obskiy license area located in the shallow waters of the Ob Bay.The Yamal LNG operator said in a press statement that its…
Maersk Drilling signed on semi-submersible rig Mærsk Deliverer with Eni for exploration well offshore Timor-Leste.Maersk Drilling and Eni JDPA 11-106 B.V. (Eni) as operator of the JPDA 11-106 Joint Venture have signed a one-well contract for…
Subsea 7 S.A. announced the award of a contract by Tullow Ghana Limited on the Jubilee field, offshore Ghana, in water depths of up to 1000 meters.According to a press release from the London-headquartered subsea engineering company, the engineering…
Venezuela on Wednesday increased wages for workers at state energy company PDVSA after employees staged small protests to decry meager salaries amid the OPEC nation's economic meltdown.Socialist President Nicolas Maduro in August unexpectedly…
The University of Strathclyde’s Advanced Forming Research Center (AFRC) and Baker Hughes, a GE company (BHGE), have joined forces to explore how some of the latest advanced manufacturing tools and processes can drive more efficient, smarter…
U.S. headquartered oil and gas company Kosmos Energy said on Wednesday it will abandon an offshore well in Suriname because it failed to find oil, the second well it plugged in the region in recent months for the same reason.Kosmos said the…
U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell…
Hibiscus Petroleum Bhd has acquired 50% interest in two oilfields offshore the United Kingdom for $37.5 million in total.In a press statement, Hibiscus said its indirect wholly-owned subsidiary Anasuria Hibiscus UK Ltd (AHUK) had entered into…
Malaysia’s Yinson Holdings Bhd has received the termination of an FPSO contract for its Knock Allan FPSO located on the Olowi field offshore Gabon.The oil and gas services company said in a press release that the contract with Canadian Natural Resources (CNR) International (Olowi) Ltd…
Sirius Petroleum has signed an agreement with Shelf Drilling for the jack-up rig is already located in proximity to the Ororo field, and, it is due to become available in November.The Nigeria-focused oil and gas development and production company said in a press release that it has decided…
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