Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand.Oilfield service providers…
Oilfield services provider John Wood Group Plc expects higher core earnings in 2019, with strong performance in its engineering services unit in the Middle East, Asia and the Caspian region offseting slowing U.S. onshore drilling demand.The…
A flurry of North Sea and North American offshore substation awards culminated Thursday in a contract award to GE Renewable Energy’s Grid Solutions business from EDF Renewables and ESB for their Neart na Gaoithe offshore wind project.GE said…
Petrofac has entered into a Preferred Supplier Agreement with SSE Renewables to design, supply and install the HVAC onshore and offshore substations for the Seagreen wind farm project.The wind farm will be located 27 kilometers off the coast…
An Italian appeals court said on Wednesday it had acquitted oil services group Saipem and oil major Eni of alleged corruption charges in Algeria.The court also acquitted a series of other defendants, including former Eni Chief Executive Paolo Scaroni…
Senegal could as well be on the way to joining the league of top African oil and gas producers in the next three years after developers of one of the most profound offshore discoveries announced reaching a final investment decision (FID).The Rufisque Offshore…
Mayflower Wind Energy has hired a Semco-Bladt joint venture to build and deliver a substation for the Mayflower Wind project offshore Nantucket, Massachusetts.Bladt Industries and Semco Maritime have formed a joint venture for the design and construction of the 1…
Offshore energy services provider Aker Solution has said it has been issued a letter of award for an offshore maintenance project with an undisclosed client.The Norwegian company said the letter of award for offshore maintenance and modification…
Japanese floating equipment maker Modec Inc is looking to win one or two major platform contracts per year in Brazil as it aims to grow in the country's offshore oil boom, a senior executive told Reuters.A string of contracts in recent years has made Brazil a key market for the firm…
Spanish oil firm Repsol has hired Malaysia's Tanjung Offshore services for offshore work in Malaysia and Vietnam.Tanjung Offshore, a subsidiary of T7 Global, will provide maintenance, construction, and modification services at Repsol's PM3-CAA block located between Malaysia and Vietnam…
Malaysian oil and gas construction and services company THHE Fabricators is allowed to bid for Petronas' contracts again.Petronas blacklisted the THEE Fabricators from bidding as a contractor for its upstream oil and gas-related tenders after…
The Netherlands-based SBM Offshore said the Liza Unity floating production, storage and offloading unit (FPSO) hull has arrived in Singapore for topsides integration work ahead of planned startup for client ExxonMobil offshore Guyana in 2022…
Oil and gas company Neptune Energy has awarded energy services firm Three60 Energy a framework contract to deliver engineering and support services for its UK Continental Shelf portfolio.The energy services provider said Monday it would provide…
SOFEC said it has loaded out of the replacement turret for the floating storage and offloading unit (FSO) HYSY121 at the Lufeng field, in the South China Sea.The construction was completed at Penglai Jutal Offshore Engineering Heavy Industries Co…
Offshore installation and construction specialist Subsea 7 has said it has won a 'very large' subsea equipment contract from Woodside for the Sangomar project offshore Senegal.Subsea 7 has won a contract in cooperation with Schlumberger's One…