Reverse Engineering Services News

 

Petrobras Reverses Oil Output Cuts as Fuel Demand Beats Expectations

Apr 28, 2020

Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it said on Monday, a surprising turnaround that may be tied to an aggressive bet on bunker fuel…

Cairn Ups Kraken Reserves Estimate

Mar 10, 2020

Cairn Energy on Tuesday revised up reserves at its British North Sea Kraken oil field, which is majority-owened by EnQuest, effectively reversing a $163 million impairment it had booked on a Kraken downgrade a year ago. Cairn, which owns 30% of Kraken…

Diving Support Vessel Used for Drilling in a 'World First'

Mar 05, 2020

Large Diameter Drilling (LDD) and Barge Master have completed what the companies claim to be 'a world first' - drilling from a diving support and construction vessel (DSCV) in water deeper than 270 meters.The two companies deployed LDD’s reverse…

Aker Solutions Expects Drop in 2020 Revenue

Feb 07, 2020

Aker Solutions will likely see a 14% drop in revenue in 2020, reversing the gains made last year, the company said while reporting a decline in fourth-quarter earnings on Friday.Earnings before interest, tax, depreciation and amortization (EBITDA)…

FAR Says Gambia Blocks Could Hold 1.2 Bln Bbls

Oct 24, 2019

Africa-focused oil and gas explorer FAR Ltd said on Thursday that its two offshore blocks in the Gambia could potentially hold 1.2 billion barrels of oil.FAR, which operates and owns 50% of the two offshore licences, said it was entitled to…

Equinor to be ‘Offshore Wind Major’

Sep 24, 2019

The multi-billion capital investment by Equinor at its new Dogger Bank Offshore Wind Farm will see it rival its major oil and gas projects, according to Rystad Energy.'The offshore wind project Dogger Bank in the UK North Sea will not only be Equinor’s largest project through 2026…

Pemex Prepays $5.17 Billion in Bond Tender

Sep 24, 2019

Mexico's Pemex said on Monday it had paid $5.17 billion in a tender offer to prepay about a third of its bonds maturing between 2020-23, part of President Andres Manuel Lopez Obrador's latest effort to shore up the state oil firm.The company announced the bond tender earlier this month…

Three Bills Threaten US Offshore Drilling

Sep 11, 2019

The U.S. House of Representatives on Wednesday passed a bill to ban offshore oil and gas drilling off Florida, the first of three measures it is considering, which would also ban drilling off the Pacific coast and in Alaska's Arctic National Wildlife Reserve…

SeaBird Tallies Australasia Survey

Sep 11, 2019

Marine seismic surveyor SeaBird Exploration said it has been awarded a contact to acquire 2D seismic data in the Australasia region. The survey is due to commence during the fourth quarter of 2019 and is estimated to run for approximately three to four months plus mobilization…

NYSE Begins to Delist Seadrill Partners

Sep 09, 2019

The international offshore drilling contractor Seadrill Partners LLC announced that it has been notified by the New York Stock Exchange that trading in SeaDrill's common units on the exchange has been suspended and the procedure to delist the units has been initiated…

Mexico Approves BP's Offshore Drilling Plan

Jun 26, 2019

Mexico's oil regulator on Tuesday approved a $97 million plan for drilling in an offshore area operated by British supermajor BP in the southern Gulf of Mexico.The four-year exploration plan approved by the national hydrocarbons commission (CNH) covers a 700…

ACE Winches Grows Global Footprint

Jun 20, 2019

ACE Winches said it has expanded its offering at a number of locations worldwide, supported through a pair of new working partnerships.The UK-based firm, which designs, manufactures and hires lifting, pulling and deploying solutions, announced…

Pemex Plans to Triple Drilling this Year

Mar 19, 2019

Mexico's national oil company Pemex plans to triple the number of wells it will drill this year, the company's chief executive said on Monday, in a bid to grow crude output and reverse more than a decade of declining production.The government…

Norway Production Costs Rising

Mar 07, 2019

Petroleum production costs on the Norwegian continental shelf rose in 2018 after falling for three consecutive years, state-owned oil firm Petoro said on Thursday.Cost cuts were high on oil firms' agenda following a sharp fall in crude prices in 2014…

Exmar Ship Management Opts for Luminultra

Feb 19, 2019

Belgium-headquartered EXMAR Ship Management has selected the LuminUltra Quench-Gone Aqueous (QGA) test kit to monitor the quality of the drinking water produced onboard the LPG FSO NKOSSA II.The decision follows the success of the QGA solution…

Current News

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Petronas Expands Suriname Port

Egypt Still on Hold as Israel Resumes Limited Gas Exports

Egypt Still on Hold as Israel

Norway's Oil and Gas Output Falls Behind Forecast In May

Norway's Oil and Gas Output Fa

Scottish Floating Wind Farm Secures Onshore Planning Consent

Scottish Floating Wind Farm Se

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