French energy group Total will start up the Culzean field in the British North Sea within days, the group's UK Exploration and Production Chief Jean-Luc Guiziou said on Tuesday, shortening the timeline for the project.Culzean, part of Total's acquisition of Maersk's oil and gas portfolio…
Equinor and its partners expect to reach a final investment decision (FID) for Rosebank, one of the largest undeveloped oil and gas fields on the UK continental shelf, by May 2022, the Norwegian major said on Tuesday.The Rosebank field was discovered…
Singapore Technologies Engineering (ST Engineering) announced that its U.S. company Vision Technologies Systems (VT Systems) has set up a subsidiary ST Engineering Halter Marine and Offshore, based in Pascagoula, Miss., with share capital of US$10 (approximately S$13…
The global offshore decommissioning market, valued at $ 5.96 billion in 2018, is projected to exhibit a CAGR of 5.4% through 2027, in terms of revenue.Crude oil prices coupled with declining production from rising number of maturing oil and…
Houston-based services company Helix Energy Solutions Group, Inc. announced Thursday it has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company that specializes in the design and…
Production at oilfields that contribute to the North Sea Flotta Gold crude grade has restarted following pipeline repairs, a spokesman for the terminal operator said.Output was shut down in mid-May after a subsea valve on the pipeline from the…
Creditors of Singapore based Swiber Holdings Limited (SHL) and its main subsidiary, Swiber Offshore Construction (SOC), on Wednesday voted in favor of a restructuring proposal which will take the offshore services company one step nearer to…
Wood announced on Wednesday that it has secured a contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services for the Jansz-lo compression project offshore Western Australia.The…
China Merchants Offshore Technology Research Center (CM-OTRC), the R&D center for China Merchants Industry Holdings (CMI) of Shenzhen, China, have completed the basic design of the OOS Zeelandia a new semisubmersible crane vessel (SSCV) that…
Petrofac announced on Tuesday that its Engineering and Production Services (EPS) business has been awarded two operations and maintenance (O&M) contract extensions for long-standing clients worth a combined value of approximately $32 million…
While the oil and gas industry shows signs of stabilization, the imbalance in value and margins between exploration and production (E&P) companies and the oilfield service segment is significant, according to a report by Deloitte.A major worry…
Offshore engineering firm Aquaterra Energy has opened its first engineering office and warehouse facility in Perth, Australia following recent regional contract wins.Located on Murray Street, Perth, Aquaterra Energy’s new office in Australia’s…
N-Sea Holding announced Thursday it has appointed Arno van Poppel as Chief Executive of the Netherlands based subsea inspection, maintenance and repair (IMR) services provider.van Poppel succeeds Gerard Keser, who steps down from his current…
Autonomous installations have the potential to save operators money by enhancing operational stability for more uptime and increased safety. Achieving those benefits requires confidence from companies and regulators. Companies like ABB are part…
The provider of temporary power and engineering solutions, UK-based Manor Renewable Energy (MRE) to provide the full temporary power package of generators, personnel and vessels, during the turbine installation phase of the East Anglia ONE offshore wind farm…