Prosafe and Floatel announced Monday that they have agreed to merge, creating the world’s largest offshore accommodation provider.Oslo-listed Prosafe will acquire Floatel with consideration in Prosafe shares, whereby Floatel’s principal shareholders will become large shareholders in Prosafe…
The National Ocean Industries Association (NOIA) announced that Randall Luthi will leave the organization next month, after serving as the group’s president for nearly 10 years. Luthi will return to his home state of Wyoming to serve as Chief Energy Advisor to Wyoming Governor Mark Gordon…
BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal…
The search for an oil platform worker that went missing in the US Gulf of Mexico was called off on Friday after efforts to locate the man over several days were unsuccessful, the U.S. Coast Guard said. Workers on Renaissance Offshore’s Eugene Island 331 platform alerted the Coast Guard at 6:26 a…
Services company James Fisher Offshore (JFO) has developed an advanced internal abrasive cutting system designed to offer higher performance, cost savings and operational efficiency to support the oil and gas industry’s decommissioning cost reduction target…
UAE based marine geophysical company Polarcus announced on Monday that it has been awarded a wide-azimuth project to be acquired in the Americas.Polarcus Naila and Polarcus Adira will perform the acquisition, and the project is expected to commence…
Dutch offshore service provider Ampelmann said it has secured a contract with DeepOcean to support the hook-up and commissioning of the Valhall Flank West (VFW) project, operated by Aker BP.An E-type system will support the Normand Jarstein…
UK based oilfield services company Expro said it has been awarded a multimillion dollar contract for Hindustan Oil Exploration Company Ltd (HOEC) in Mumbai, India.The seven-year contract will include the build, maintenance and operation of a…
Israel's Delek Drilling hopes to begin commercial sales of natural gas to Egypt by the end of the month, a senior company executive said on Sunday.Delek Drilling and its partner Noble Energy signed a landmark deal early last year to export $15…
Norway's oil and gas output could be cut by about 440,000 barrels of oil equivalents per day, or about 11% of total production, if workers go on strike from June 4, industry association Norwegian Oil and Gas (NOG) said on Monday.A government…
Beatrice Offshore Windfarm Ltd (BOWL) said that its offshore wind farm (OWF) in the Moray Firth has produced 587.9MW of capacity, which represents the highest output from renewable sources in Scotland to date.Turbines at the windfarm this week reached their capacity of 588 megawatts…
Electromagnetic Geoservices (EMGS) has appointed Bjørn Petter Lindhom as the permanent CEO of the company.Lindhom assumed the position of interim CEO of the company on December 01, 2018, and now the board of directors resolved to make the appointment permanent…
Norway's Petroleum Safety Authority (PSA) has given Vår Energi AS consent for the removal and disposal of Jotun B platform in the North Sea offshore Norway.The consent, with reference to the Management Regulations Section 25 (4) item e, is granted…
Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, said Rystad Energy.Royal Dutch Shell started producing oil and gas this month at its Appomattox platform in the deepwater GoM several months ahead of its expected startup in 3Q 2019…
HYTORC President Eric Junkers demonstrates the benefits of the company's award-winning LITHIUM SERIES II Electric Torque Tool, featuring an all-new method of direct torque measurement and closed loop control to provide more repeatable bolting performance.
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