Premier Oil will announce a second reserves upgrade for its Catcher oilfield in the UK North Sea at the end of the year, Chief Executive Officer Tony Durrant told Reuters on Thursday.The field has reached a plateau production rate of 70,000 barrels of oil equivalent per day…
Global floating production services provider BW Offshore has confirmed a one-year extension for the lease and operation of the FPSO Petroleo Nautipa on the Etame field offshore Gabon for VAALCO Energy.BW Offshore, which owns a fleet of 15 floating production…
Mooring equipment supplier FMS announced on Thursday it has secured a three-year, eight-figure contract with BP for the provision of mooring equipment for its North Sea operations.The contract commenced in July 2019.FMS Managing Director Steven…
Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million…
An integrated contract model combining the supply of subsea production systems (SPS) with the design and installation of subsea umbilical, risers and flowlines (SURF) has emerged as a top project-getter for services company TechnipFMC.The London-headquartered company…
Well control and engineering services company Wild Well Control said it has added a new 10,000 psi-rated capping stack to its WellCONTAINED group of subsea containment equipment.The 10,000 psi-rated (10K) stack is rated to water depths of 10…
The Abu Dhabi National Oil Company (ADNOC) has awarded three multi-billion-dollar contracts for the procurement of casing and tubing, the United Arab Emirates state-owned oil company announced on Wednesday.The contracts – awarded to Consolidated Suppliers Establishment…
Natural gas production at Egypt's Zohr field, the largest gas field in the Mediterranean, has increased to 2.7 billion cubic feet per day (bcfd), Egypt's petroleum minister said on Wednesday.In February, Egypt's petroleum ministry said the field's production stood at 2…
Subsea services provider Rever Offshore said it it has completed multiple projects within the North Sea in 2019, building upon existing frame agreements which has allowed clients quicker access to its fleet of specialized subsea support vessels and team…
Norwegian downhole technology company Well Conveyor said it has received equity investment from Chevron Technology Ventures (CTV), a division of Chevron U.S.A. Inc. Combined with additional investments from existing investors ProVenture and Investinor…
Oilfield products company Forum Energy Technologies said it has reached a deal to sell its aggregate 40% interest in subsea rentals company Ashtead Technology to Buckthorn Partners and other investors that currently own the majority of the equity interests in Ashtead…
A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday received $159.4 million in high bids, government officials said.Combined with a March auction that drew $244.3 million in high bids, the total was the highest annual bid level since 2015…
Offshore contractor Subsea 7 isn't limiting its search to the offshore and subsea talent pool as it looks to grow its engineering team. The company said it is offering experienced engineers from all sectors the opportunity to forge a new career in the subsea industry…
Fluid transfer systems provider FES International said it has secured four new orders to deliver is Diver Bend Stiffener Connectors (DBSCs) to projects across Asia, Africa and Europe.The 31 DBSCs will be supplied for projects taking place in the Johan Castberg field in the Barents Sea…
Trelleborg announced on Wednesday that its offshore operation has been awarded a fast track contract to produce more than 80 laminated elastomeric bearings for floating production storage and offloading (FPSO) vessel operator MODEC.The first…
Subscribe
