U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.The company…
Offshore engineering and construction firm McDermott has been awarded a contract from Malaysia Marine and Heavy Engineering (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, located offshore Sarawak in East Malaysia.Under the scope of the contract…
Lloyd’s Register (LR) has certified Nova Scotia recycling facility, R.J. MacIsaac (RJMI), according to the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.RJMI has become first…
Venezuelan President Nicolas Maduro said he would authorize oil exploration in an area subject to a dispute with Guyana, which said it would report his comments to the United Nations and the International Court of Justice (ICJ).Maduro's pledge…
Talos Energy Inc. announced the appointment of John Spath as Executive Vice President and Head of Operations, effective immediately. Spath, who succeeds Robert 'Bob' Abendschein, Executive Vice President and Chief Operating Officer, will have…
International subsea equipment rental and solutions specialist Ashtead Technology has further expanded its mechanical solutions service offering with the acquisition of ACE Winches.Established in 1992, ACE Winches’ core offering supports the installation…
Shell has authorized contractor McDermott International to start engineering work on its Manatee gas field development project off Trinidad and Tobago's east coast, the contractor disclosed on Tuesday.Trinidad is Latin America's largest LNG exporter…
Offshore energy industry services firm McDermott said Tuesday it had secured a 'sizable' engineering, procurement, removal, and disposal contract from the Australian oil and gas firm Santos.McDermott defines a sizable contract as between USD $1 million and USD $50 million…
Offshore transportation and installation contractor McDermott said Tuesday it had won a 'large' transportation and installation contract with India's Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India…
Marine Technology Reporter (MTR) has been unveiled as the exclusive video media partner of the Oceanology International exhibition and conference and will be delivering extended broadcast coverage from the 2024 event (Oi24).The collaboration…
A McDermott-Petrovietnam Technical Services Corporation (PTSC) consortium has received a limited letter of award from Vietnam's Phu Quoc Petroleum Operating Company for engineering, procurement, construction, installation (EPCI), and hook-up and commissioning (HUC) services…
U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets.Energy firms booked record profits last year following a spike in commodity…
Offshore installation and construction services company McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil.Under the scope of the contract, of an undisclosed value…
SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday.SLB, the world's largest oilfield service company and former Schlumberger…
SLB beat analysts' estimates for quarterly profit on Friday as a rebound in offshore and international drilling activity boosted demand for its oilfield services and equipment, even as activity in North America declined. Drilling activity in regions such as the Middle East and Asia…
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