Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According to Norwegian energy research firm, the growth will be driven by a handful of new mega-projects across Malaysia…
Offshore engineering solutions firm James Fisher Offshore (JFO) said it is supporting Saudi engineering, procurement and construction (EPC) business NPCC to deliver time and cost savings in offshore decommissioning operations in the Middle East…
BMT has delivered a Mooring Line Monitoring (MLM) system to London Marine Consultants (LMC) for the Helang floating production,s storage and offloading unit (FPSO) project on the JX Nippon-operated Layang gas/condensate field offshore Sarawak…
Norway has approved energy firm Equinor's request to reduce the gas production quota at its Troll oil and gas field for the current year, the oil ministry confirmed on Monday.A ministry spokesman said the Troll gas output quota had been set at 36 billion cubic metres (bcm) for the gas year 2019…
Well intervention company Wellpro Group announced two new appointments as it eyes further expansion in the Eastern Hemisphere.Mark Fraser has taken up the role of Regional Manager in the Middle East, while Martin Webster has been appointed Regional Manager in Asia…
First Subsea said it has secured a second contract with Spanish developer and construction company Cobra Group to provide Dynamic Bend Stiffener Connectors for the Kincardine Floating Offshore Windfarm. Following the initial supply to the pilot turbine last year…
Woodside Petroleum Ltd, Australia's top independent gas producer, said on Monday it would invest in a pipeline for the Pluto-North West Shelf (NWS) Interconnector, enabling the optimization of gas processing from its offshore fields.The Interconnector…
Australia's offshore safety watchdog has asked Equinor ASA to modify its drilling plan before it can win approval to explore for oil and gas off South Australia, the regulator said on Monday.Green groups want the regulator to bar Equinor from drilling in the Bight…
Energy group Centrica and Stadtwerke Muenchen (SWM) Group have launched the sale of Spirit Energy, one of the North Sea's biggest oil and gas producers, according to a document sent to prospective buyers seen by Reuters.Spirit Energy currently produces around 130…
Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing.From Ghana to Gabon, governments are adjusting terms to lure…
The Ærfugl partners have decided to proceed with Phase 2 of the Ærfugl project in the Norwegian Sea, three years ahead of the original plan, operator Aker BP announced on Monday.The Norwegian energy company and its partners Equinor, Wintershall…
Maersk Drilling said it has secured a one-well contract for the ultra-harsh environment jack-up rig Maersk Interceptor with MOL Norge for exploration drilling on PL617 in the Southern North Sea, operated by MOL Norge in partnership with Wintershall Dea and OMV Norge…
BP has started drilling the deepwater Puma West prospect in the Green Canyon block in the U.S. Gulf of Mexico.Project partner Talos Energy, which sold an operating inetrest in the project to supermajor BP, said the well is being drilled by the…
Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, said it has entered into a long-term agreement with Tenaris to supply Oil Country Tubular Goods (OCTG) following its…
Israel's Delek Group said on Sunday its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion.Delek said the deal, backdated to Jan. 1…
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