Oilfield services giant TechnipFMC plans to acquire the remaining 49% of shares in TIOS AS from Island Offshore.TIOS is an offshore well intervention joint venture formed in 2018 between TechnipFMC and Norwegian offshore vessel owner Island Offshore…
Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners…
EnerMech’s cranes and lifting director John Morrison is set to retire after supporting the oil and gas sector for the last four decades.Morrison has spent the last 13 years of his career spearheading EnerMech’s installation, operation, maintenance…
Canada will offer up to C$5.2 billion ($4.1 billion) to debt-ridden Newfoundland and Labrador to help it complete a problem-plagued hydroelectric power plant and also ease the Atlantic province's fiscal plight, Prime Minister Justin Trudeau said on Wednesday…
As the world has been shut down in stages due to COVID for the past 18 months, the same can’t be said for innovators in the offshore energy sector, many of whom will be honored in Houston August 16-19, 2021, with an OTC Spotlight on New Technology Award…
A new ship-to-ship cargo transfer system has been developed and patented by SafeSTS for the Dynamic Positioning (DP) shuttle tankers sector, designed to increase flexibility and efficiency for the export of oil from offshore fields.Traditionally…
Woodside Petroleum Ltd, Australia's top independent gas producer, said on Wednesday it had raised the cost estimate for its Scarborough project by 5% as it worked towards a final investment decision this year.Woodside has pinned its hopes on Scarborough…
Offshore cable manufacturer Nexans will deliver export cable for Equinor's floating solar pilot offshore Frøya in Norway. The floating solar project is slated to come online in December 2021 and will be the world’s first floating solar plant operating in rough offshore waters…
Chevron Corporation announced on Monday it has appointed Eimear Bonner as vice president, reporting to chairman and CEO Michael Wirth, effective August 2. Bonner will also continue as president, Chevron Technical Center, and chief technology officer…
Oil and gas company IOG, focused on developing gas fields in the Southern North Sea, off the UK, has signed a gas sales agreement with Gazprom Marketing & Trading Limited ('GM&T').The contract follows a competitive offtake process involving more than 10 bidders over recent months…
The Norwegian oil and gas authorities have approved the start-up of the Neptune Energy-operated Duva field in the North Sea.Neptune Energy estimates the reserves at around 71 million barrels of oil equivalent to be at the field.The Duva oil…
Brazilian oil firm PetroRio said Wednesday it had completed the tieback between the Polvo and Tubarão Martelo offshore fields, a move that will slash its operational costs as there would no longer be a need for a chartered FPSO.According to PetroRio…
Oil production has resumed from Hurricane Energy's Lancaster field off the UK after the scheduled annual maintenance shutdown of the Aoka Mizu FPSO earlier in July.'Production from the 205/21a-6 well is currently stabilizing, and a further update…
Just a few days after it said a new well at its Van Gogh offshore oil field in Australia had achieved a production record, Australian oil and gas firm Santos is back with more positive news when it comes to its output.Santos, as the operator of the Bayu-Undan field in the Timor Sea…
TSC Subsea has designed a new ROV-deployed automated scanning tool that addresses the issue of carrying out tight access field joint inspection through difficult to penetrate pipeline coating.The ARTEMIS vCompact, a smaller, lightweight, more-flexible version of the standard ARTEMIS…
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