Interventek Subsea Engineering has secured recent orders in excess of £1 million ($1.3 million) for itsRevolution in-riser shear and seal safety valve.The orders represent repeat business, from Louisiana based Professional Rental Tools LLC (PRT…
General Electric Co's unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil's Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields…
Offshore oil services firm Subsea 7 has announced the award of a sizeable contract by Fieldwood Energy to Subsea Integration Alliance, a global partnership between Subsea 7 and OneSubsea, a Schlumberger company.The award is for the deepwater…
An innovative high-tech wave device currently being built in the U.S. will offer marine-based big data centers the chance to power up while cooling down.The project is a display of Irish marine innovation combined with U.S. engineering prowess…
Subsea and offshore solution provider Unique Group announced that its Marine & Subsea division has entered into a high value contract with the Southern African Shipyards to provide a turnkey package for hydrographic survey vessels and hydrographic office set up…
At the ADIPEC in Abu Dhabi, Schoeller Werk will be presenting its comprehensive range of longitudinally welded stainless steel tubes. The focus will be on solutions for the oil and gas industry. The family company from Germany will be showing…
ADNOC LNG said it signed an AED 3.16 billion (US$860 million) contract with a consortium of Spain's Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company for building the second phase of the Integrated Gas Development Expansion (IGD-E)…
Oil and gas exploration company Neptune Energy Group announced that it has completed the acquisition of the Norwegian and Danish offshore oil and gas assets of German gas utility VNG Norge AS.The transaction adds three producing fields, two…
In the latest consolidation in the offshore sector, Nordic American Offshore (NAO) and Canada based Horizon Maritime Services signed a memorandum of understanding (MoU) to form a fleet of 17 ships capable of operating in offshore environments…
i-Tech Services, a Subsea 7 company, has strengthened its underwater inspection and maintenance capability with the provision of new mini remotely operated vehicles (ROV) for performing subsea operations in challenging environments.Neil Milne…
Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state-run firm said Friday…
Equinor has signed an agreement to acquire Chevron’s 40 percent operated interest in the Rosebank project, one of the largest undeveloped fields on the U.K. Continental Shelf (UKCS). The parties did not disclose the commercial terms of the agreement…
Energy exports from Norway to Britain will not be affected even if Britain leaves the European Union without a deal, Norway's energy ministry said on Friday.'Energy trade is governed by bilateral commercial agreements. We hence expect that energy exports from Norway to Britain will not be affected…
Petrogal, the Brazilian unit of Portugal's Galp, plans to spend $800 million to $1 billion annually in the coming years in Brazil to develop its current oil and gas assets and boost its stake offshore, its chief executive officer said on Thursday…
A consortium made up of Royal Dutch Shell and Chevron Corp won the Saturno block in the Santos basin in Brazil's pre-salt offshore oil auction on Friday, outbidding a rival group led by Exxon Mobil Corp.Shell's consortium won by pledging 70…
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