Strong performance in its subsea business has helped Technip offset “unsatisfactory” onshore and offshore revenues despite industry headwinds, the firm’s CEO Thierry Pilenko announced today. But, the chairman of France’s Technip, which recently launched a new subsea joint venture…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
Oilfield services companies are putting a brave face on the continuing market downturn, despite some reporting shrinking order books. Subsea 7 and Fugro reported shrinking order books in their 1Q results this morning. Subsea 7’s…
The first well drilled using the new build jackup giant Maersk Interceptor (pictured) have reaped successful results for operator Det norske, the firm said this morning. The new unit, operating in the Norwegian sector of the North Sea…
Elmar, the global leader in the design and manufacturing of wireline products for slickline and electric line applications, appointed Keith Thomson as global after-sales manager. Thomson, who brings more than 26 years of wireline operations experience to this role…
London-listed Atlantic margin explorer Chariot Oil & Gas Atlantic is seeking a new partner of its Rabat Deep permit offshore Morocco after 25% equity holder Woodside elected not to take an option to take over operatorship and fund a well on the license…
In this video, Lundin Petroleum shows the loading of the 16,000-tonne of steel and equipment comprised of both the main deck module and the process module for the Edvard Grieg platform onto barges, that occurred in the last days of March 2015…
The Statoil-operated Gullfaks gas field in the Norwegian Sea will use Nexans' innovative power umbilicals combining power, fiber-optic and hydraulic lines in a single cross section. The cables were handed over to Statoil this month. The…
Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…
The 22,000-tonne topside for the new offshore platform for the Lundin Norway-operated Edvard Grieg field is ready for delivery, in line with the contract awarded three years ago. Image of the Edvard Grieg project…
Japanese exploration firm JX Nippon Oil & Gas Exploration's Malaysia subsidiary is planning two further exploration wells offshore Malaysia after confirming a deepwater oil discovery. The Bestari-1 exploration well, the first drilled in Deepwater Block R (the Block)…
Polarcus has secured further industry prefunding enabling the expansion of the Capreolus 3D multi-client project offshore Australia. The additional pre-funding will see the survey expand northwards with an additional 7130sq km to be covered…
Aqualis Offshore completed the marine warranty services for the dry transportation of the mobile offshore drilling unit Valiant Driller jackup from Indonesia to India, where it will operate for ONGC. Aqualis currently provides marine warranty services on 26 rigs offshore India…
Italy’s RINA Services has responded to the challenges of life extension and new regulatory regimes by completely updating its Rules for the Classification of Fixed Offshore Platforms. The new rules and guidelines will be published in May 2015 and will cover classification…
Northern Offshore is delaying the delivery of two of its high specification jackups due to the downturn of the drilling market. The West Navigator. From NADL. Northern was able to…
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