Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, as strong international oil and gas drilling demand helped offset a slowdown in North America activity.Companies such as SLB have gained from a rise in demand in international and offshore exploration and production, especially in the Middle East and Asia, as oil and gas producers look to secure new inventories.International rig count…
Lloyd’s Register (LR) has awarded an International Electrotechnical Commission for Renewable Energy (IECRE) feasibility statement to Orbital Marine Power for its O2-X tidal energy converter.The IECRE is a global renewable energy conformity assessment…
Offshore accommodation rig provider Floatel International has finalized the sale of semi-submersible accommodation rig Floatel Reliance, which has been in lay-up since April 2016.The firm contract follows the previously announced agreement in…
SLB beat analysts' estimates for second-quarter profit on Friday, as the top oilfield services provider benefited from steady demand for its drilling equipment and technology in international markets.Offshore exploration and production as well as drilling in international markets…
Oilfield services company Halliburton said on Tuesday it expects growth in its international business this year, but North American revenue will likely remain flat due to weak demand for drilling.Oil and gas producers have been acquiring international…
Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling…
Offshore drilling contractor Shelf Drilling has secured a two-year contract extension for the Rig 141 jack-up rig for operations in the Gulf of Suez, offshore Egypt.The contract extension is in direct continuation of Rig 141 current term with Gemsa Petroleum Company (Gempetco)…
Lloyd’s Register (LR) has certified Nova Scotia recycling facility, R.J. MacIsaac (RJMI), according to the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.RJMI has become first…
The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…
Energy and marine consultancy ABL Group (ABL) said Wednesday it had acquired the operations of well control equipment specialists HOSE International.The two companies have cooperated since 2019 to jointly provide rig and well control inspection services for the offshore industry…
Brazilian oil company Petrobras has awarded a 4-year contract to CIMC and OOS International for the OOS Tiradentes semi-submersible accommodation rig.Under the contract, the accommodation rig will be used to provide safety and maintenance support offshore of Brazil from April 2023 onwards…
Floatel International will become a part of Kongsberg Digital's digital infrastructure Vessel Insight.Floatel is currently operating in the North Sea region, Australia, Gulf of Mexico and Brazil and have a fleet consisting of five semi-submersible accommodation and construction support vessels…
Bilfinger UK and Global E&C have, under the newly formed Torus BGP brand, secured 'a major' contract with oil and natural gas production company CNR International.The two companies will collaborate to deliver operations and maintenance, engineering…
Abu Dhabi's Mugharraq Port has been recognized as an international port facility under the provisions of the International Code for the Security of Ships and of Port Facilities (ISPS Code), AD Ports Group announced on Sunday.The port, located in the Al Dhafra region…
OOS Group, a Dutch-based offshore services company, known to Offshore Engineer readers for its semi-submersible heavy lift crane and accommodation vessels, has developed a semi-submersible mussel farm (SMF) to grow mussels in the North Sea. The SMF will also feature solar panels…
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