Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.Brazil is expected to deploy a total of 11 planned and ten announced FPSOs by 2025…
Services firm Wood said it has been awarded a contract with Apache to provide commissioning services to the Beryl Alpha, Beryl Bravo, and Forties Alpha, Bravo, Charlie and Delta platforms located in the UK North Sea.Apache will leverage Wood’s…
Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%.The biggest hydraulic fracking services provider…
Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years.Natural gas is considered both a promising opportunity and a vexing problem in Brazil…
Italian energy company Eni has bought 70% of Edison's stake in Block 12 of the offshore Habi gas concession in Egypt's eastern Mediterranean, an official at state-owned Egyptian gas company EGAS said on Thursday.The official, who spoke on condition of anonymity…
Royal Dutch Shell has pulled out of the Khazar offshore project next to the giant Kashagan field in Kazakhstan and a multinational consortium including Shell is also dropping plans for the adjoining Kalamkas block, officials said on Monday.'The…
A newly created online assessment tool aims to help drilling employers reinforce the competency of roustabouts.Developed as part of the OPITO Skills Screening online tool, a comprehensive question bank has been created by the International Association…
The offshore oil and gas sector urgently needs a comprehensive strategy to ensure that the risks of dropped objects are mitigated effectively prior to and during decommissioning. If mismanaged, drops may result in safety risks for personnel…
Papua New Guinea's biggest company Oil Search Ltd said on Tuesday long-serving Managing Director Peter Botten will retire from the firm next year after 25 years in the role, just as the company enters a major growth phase in PNG and Alaska.Botten…
Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday.Anadarko led a liquefied natural gas project in the southern African country…
Bourbon confirmed on Wednesday that the body of a fourth crew member has been recovered following the sinking of its vessel Bourbon Rhode last week. Only three of the 14 Bourbon Rhode crew members have been rescued as the search continues for seven mariners still missing…
Bourbon said a mission has been launched to rescue 14 crew from one of its vessels taking on water in heavy seas near a category 4 hurricane in the Atlantic Ocean.The French offshore vessels owner said water is entering the stern of the 49.5-meter tug supply vessel Bourbon Rhode…
Norway's Aasta Hansteen field, which exports gas to Britain and other European countries, has on several occasions produced more than its maximum level, pipeline operator Gassco and operator Equinor told Reuters.Located in the Norwegian Sea…
Private-equity backed Neptune Energy reported an operating cash flow of $613 million for the first half of the year, up around 5% from a year earlier, as the potential stock market debutante eyes 2019 output of up to 155,000 barrel of oil equivalent…
French energy producer Total could invest up to $10 billion in the North Sea over the next five years but cost discipline must be maintained as a matter of urgency, Chief Executive Officer Patrick Pouyanne said on Tuesday.As part of its efforts…
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