Recent rig count data suggests that there are no big moves over or under for offshore rig counts from February through end of March 2017. Baker Hughes released its latest US rig count numbers on Friday, 31 March, showing an increase of four units over week ago…
Mechanical services group EnerMech has strengthened its market position in the Caspian region by securing contracts with major operators valued at more than US$49.8 million (£40 million). The contracts involve a number of EnerMech service lines including cranes and lifting…
McDermott Middle East launched a specialized on-the-job graduate training program exclusively for students from the Kingdom of Saudi Arabia (KSA). McDermott KSA graduates. Image from McDermott…
GustoMSC has unveiled its latest jackup design for the NG-5500X-LD self-propelled jackup, the NG series. Illustration of the NG-5500X-LD self-propelled jackup, from GustoMSC. Based…
BP’s Group Chief Executive Bob Dudley said the words that many in the crowd at CERAWeek by IHS Markit have longed to hear, “Lower for longer, but not forever,” he told moderator Daniel Yergin. Dudley…
McDermott International plans to construct offshore production solutions in Saudi Arabia. McDermott signed a memorandum of understanding with Saudi Aramco for a long-term land lease at the new maritime facility at Ras Al Khair in Saudi Arabia…
Trelleborg has secured a contract for the supply of floatover equipment for a major offshore oilfield development project in the United Arab Emirates (UAE), the firm announced today (6 March). The contract spans the project’s second of three engineering…
Engineering firm Wood Group has started detailed engineering on the Leviathan field development platform after completing front-end engineering and design (FEED) on the project. Leviathan is Noble Energy's giant gas field project in the Mediterranean Sea…
2016 was a year of huge challenges for the offshore drilling rig sector as the low oil price environment and reduced E&P spending continued to bite. Stephen Gordon, of Clarksons Research, charts the state of the market, which is arguably facing some of its toughest times since the 1980s…
Rig builder and engineering firm Lamprell has delivered jackup drilling rig Al Hudairiyat for Abu Dhabi’s National Drilling Co. (NDC), within budget and on schedule. The rig is the eighth of an order or nine jackup rigs for NDC and the…
CGG has completed the acquisition and processing of the first-ever airborne gravity gradiometry (AGG) survey of the Kingdom of Bahrain. Conducted on behalf of the Bahrain Petroleum Co. (Bapco), this was the first commercial survey to be acquired worldwide using FalconPlus…
Wood Group has been awarded a three-year global agreement with BP for the provision of conceptual engineering services, pre-front end engineering design (pre-FEED) and FEED engineering services. The agreement has an option to extend for two additional years…
Energean Oil & Gas has appointed TechnipFMC as the concept and front-end engineering design (FEED) contractor for the Karish and Tanin development program, offshore Israel. The move follows Energean’s decision to develop the fields using a floating production…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…
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