Offshore Engineer Industry News News - page 790


Van Oord Acquires Vroon's MPI Offshore

Oct 05, 2018

Vroon Group has completed the sale of MPI Offshore to Van Oord. Van Oord has acquired the MPI office organisation in Stokesley (UK), the vessels MPI Adventure and MPI Resolution, and associated crew.According to a press release, a total of hundred people…

UK: Offshore Industry Improves in Safety Indicators

Oct 04, 2018

The UK’s offshore oil and gas industry continued to see improvement across a broad range of health and safety indicators last year, according to a key insight into the health and safety landscape published by Oil & Gas UK.Findings from the leading…

Baker Hughes to Bid for Petrobras Production-sharing Contract

Oct 03, 2018

General Electric Co's unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil's Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields…

Solstad Farstad Renamed Solstad Offshore

Oct 03, 2018

Solstad Farstad has changed its name to Solstad Offshore ASA. The name change of the company, jointly formed by Solstad Offshore, Farstad Shipping and Deep Sea Supply last year, was announced through Twitter.The  integrated shipping company with high specification vessels in its market segment…

BMT, Sonardyne Pact for Subsea Monitoring System

Oct 02, 2018

Engineering consultancy BMT and subsea technology company Sonardyne International have signed an agreement to provide integrated marine integrity monitoring solutions to the oil and gas industry.The official Teaming Agreement between BMT and Sonardyne…

ADNOC LNG Awards USD 860 mln EPC Contract to Consortium of Tecnicas Reunidas

Oct 02, 2018

ADNOC LNG said it signed an AED 3.16 billion (US$860 million) contract with a consortium of Spain's Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company for building the second phase of the Integrated Gas Development Expansion (IGD-E)…

BP Gets Nod to Develop Vorlich Field in North Sea

Oct 02, 2018

BP has received approval from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which is expected to come onstream in 2020.New North Sea development is targeting 30 million barrels of oil equivalent and expected to produce 20…

Nordic American Offshore to Merge with Horizon Maritime

Oct 02, 2018

In the latest consolidation in the offshore sector, Nordic American Offshore (NAO) and Canada based  Horizon Maritime Services signed a memorandum of understanding (MoU) to form a fleet of 17 ships capable of operating in offshore environments…

Seacor Marine, DNB Bank Pact for Refinance

Oct 02, 2018

Seacor Marine Holdings has entered into a USD 130 million loan facility with a syndicate of lenders led by DNB Bank ASA.The provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide…

Equinor Acquires 40% Stake in Rosebank Project

Oct 01, 2018

Equinor has signed an agreement to acquire Chevron’s 40 percent operated interest in the Rosebank project, one of the largest undeveloped fields on the U.K. Continental Shelf (UKCS). The parties did not disclose the commercial terms of the agreement…

Furgo Taps Heine as New CEO

Sep 28, 2018

Dutch offshore services company Fugro NV has appointed longtime employee Mark Heine as its next CEO and Chairman of the Board of Management. He succeeds Øystein Løseth, who has decided to resign after only several months in the role.Heine, who…

Equinor Eyes Chevron's Stake in Rosebank Field

Sep 28, 2018

Norway's Equinor is interested in buying Chevron's stake in Rosebank, an oil and gas field in the British part of the North Sea, two sources close to the process told Reuters.Chevron on Wednesday said that it had received interest from a potential…

Exxon Brazil to Focus on Drilling and Production

Sep 27, 2018

Exxon Mobil Corp will focus on drilling and production in Brazil now that it has made extensive acquisitions of oil blocks in the country, the company's chief executive officer in Brazil, Carla Lacerda, said on Thursday.Exxon also sees new opportunities in Brazil's biofuels…

Israeli, Egyptian Partners Buy into Pipeline to Allow Gas Deal

Sep 27, 2018

Israeli and Egyptian partners have agreed to purchase 39 percent of the shares in the EMG pipeline for $518 million, a deal that will enable natural gas exports from Israel to Egypt to begin as early as the start of 2019, the companies said on Thursday…

Petrobras to Pay $853 Mln US Fine in Car Wash Probe

Sep 27, 2018

Petróleo Brasileiro SA will pay an $853.2 million fine to settle U.S. criminal charges the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the Justice Department said on Thursday.The settlement with U…

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