Offshore Equipment News - page 3

 

Widespread Salary and Job Cuts at Schlumberger

Apr 01, 2020

Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.Oil prices have plunged by more than 60% since the start of the year…

Oilfield Equipment and Services Spending to Fall to 2005-Low

Apr 01, 2020

Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report to be released on Wednesday by consultancy Spears & Associates, as oil and gas producers slash spending…

Huisman Crane for Penta-Ocean's Wind Turbine Installation Rig

Mar 31, 2020

Dutch offshore equipment manufacturer Huisman has signed a contract with PaxOcean Engineering for the delivery of a 1,600mt Leg Encircling Crane. The crane will be installed on the new self-elevated platform (SEP) of Japanese company Penta-Ocean Construction…

Improving Oily Water Separators

Mar 30, 2020

Oily water separators (OWS) have been a common fixture of a ship’s machinery space for many decades. With the amount of experience, research and legislation that has gone into them, it would be easy to think that their use would almost be hassle free…

Tendeka's Equipment for Mubadala's Thailand Oil Fields

Mar 30, 2020

Well completions specialist Tendeka has secured a three-year contract with Mubadala Petroleum, to supply sand-face completion equipment in Thailand.Under the deal, Tendeka will supply sand screens and autonomous inflow control devices (AICD) to Mubadala Petroleum’s Jasmine…

FairWind Completes 59 Transition Pieces for Borssele 1+2 OWF

Mar 27, 2020

Wind industry solutions provider FairWind has completed its largest electrical and high voltage project in company history, completing 59 transition pieces (TP’s) for client Bladt.The TP segments were assembled in Aalborg harbor in Denmark, to be installed at Borssele 1+2 offshore wind farm…

Subsea Cable Gripper Redesigned for Longer Deployments

Mar 27, 2020

With the need to use and abandon the cable gripper for up to 20 days between cable recovery projects, hydraulic tools specialist Webtool has redesigned its Webtool CRT200 Cable Retrieval Tool for large diameter cable and longer subsea deployment in water up to 1…

Unique Group Signs Exclusive Agreement with OTAQ Offshore

Mar 25, 2020

Unique Group has signed an exclusive rental agreement with UK-based OTAQ Offshore to represent the latter’s technology and products across the Middle East, APAC and the Americas.  The agreement will see Unique Group represent a number of industry-renowned technologies…

Oilfield Services Giant to Cut Spending by 30%

Mar 24, 2020

Schlumberger, the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year from last year's levels as the oil market has been roiled by the coronavirus outbreak and Saudi-Russia price war.The company…

Aker Solutions Bags 20-Year Deal with Chevron in Gulf of Mexico

Mar 23, 2020

Norway's Aker Solutions has entered a master agreement to provide umbilicals for Chevron-operated oil and gas fields in the US Gulf of Mexico. It has also won its first work under the agreement, to supply 24 kilometers (15 miles) of umbilicals for Chevron’s Anchor project…

200+ Oilfield Services Firms Could Go Bust

Mar 18, 2020

More than 200 oilfield services companies might be forced to declare bankruptcy - most of them in Norway and the UK - due to the effects of the Covid-19 pandemic and its effect on oil prices.This is according to Norway-based energy intelligence firm Rystad Energy…

Offshore Equipment Firm KenzFigee Opens UK Business

Mar 17, 2020

Dutch offshore equipment and service supplier KenzFigee has established a UK subsidiary KenzFigee (UK) Ltd. citing increasing demand for its services, and the need to position its services closer to its UK clients.'Following a growing demand…

MCI Bags OSV Fire Damper Order in Asia

Mar 16, 2020

UK-based marine equipment company Marine Components International (MCI) has won a new deal to supply A60 fire dampers for two new offshore support vessels (OSV) being built in Asia.This is the company's first export deal for fire dampers since…

TechnipFMC Shelves Spin-off Due to Market Turmoil

Mar 16, 2020

Franco-American oil services firm TechnipFMC Plc is putting on hold plans to split itself into two due to turbulence in financial markets linked to the coronavirus outbreak, it said on Sunday.The group, created three years ago via the merger of Technip and FMC…

Oceaneering Takes a Digital Dive into 3D Simulation

Mar 13, 2020

Offshore engineering company expects to reduce mission-readiness time by 30% and training times by 20% through high fidelity, real-time 3D simulations.Houston-based Oceaneering International Inc. is a global leader in the subsea engineering and applied technology field…

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