Mexican state oil firm Pemex has reached a preliminary agreement with a consortium led by Talos Energy to evaluate whether the group's find in the Gulf of Mexico extends into a neighboring Pemex block, the companies said in a statement on Thursday…
India's Reliance Industries Ltd has shut down an offshore oil and gas field on the eastern coast of India, the company said in a statement on Friday, after seeing a natural decline in output for months.The closure marks the beginning of the…
Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.Sakhalin, which is also famous for producing seafood, derives most…
Seadrill Norway Operations Limited has been awarded a contract for drilling two exploration wells for Equinor in the Barents Sea by use of the West Hercules rig. Drilling is scheduled to start in the spring of 2019.The contract includes options for drilling nine additional wells…
Houston-based marine seismic node firm FairfieldNodal has finalized its acquisition of UK-based marine geophysical services firm WGP Group from Thalassa Holdings. The acquisition will have an effective date of 31 December 2017. FairfieldNodal…
Oceaneering International's Australian subsidiary has formed a partnership with Australian-owned and operated NDT Tech Ops to provide asset integrity services, including integrated inspection, non-destructive testing, and evaluation services…
Lower for longer oil prices are leading operators to reconsider the structure of project contracts. Many are leaning toward supplier-led solutions to cut costs and boost reliability. Karen Boman reports (First published in the January 2018 OE…
AFGlobal has acquired the Axon pressure pump technology and product line from Amkin Technologies, a privately-held oilfield equipment and technology developer. The acquisition of the Axon pump technologies and ability for AFGlobal to…
BiSN announced the expansion of its corporate headquarters with a US$2.6 million (£2million) investment. Based in Warrington, the £2million premises will see BiSN expand into a 2000sq m site, which brings its research and development…
Oilfield Helping Hands (OHH), a nonprofit charitable organization comprised of volunteers devoted to providing assistance to oilfield workers in financial crisis, has set funds aside for recovery in the aftermath of Hurricane Harvey. OHH…
Fugro has announced plans to establish a Hydrography Centre of Excellence for the Americas, supporting its strategic focus on growth in this market sector. Utilizing specialist resources that include autonomous vessels and aircraft, integrated data acquisition techniques…
Jacobs Engineering Group Inc. and CH2M Hill Companies Ltd. have entered into a definitive agreement that will see Jacobs acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value (EV) of approximately US$3…
JDR has officially opened its European service center in Newcastle upon Tyne, UK, to deliver greater service value for clients and facilitate continued growth. The opening was marked by an official ceremony on Friday (7 July) led by Nick Brown…
ABS unveiled its Global Ship Systems Center and announced the formation of its Hellenic Technical Committee in Athens. Image of the Global Ship Systems Center, from ABS. “This…
MAN Diesel & Turbo has agreed to acquire a 40% participation in Candian company Aspin Kemp & Associates (AKA). AKA based in Montague, Prince Edward Island (PEI), which specializes in power supply, energy management and drive systems for marine applications…
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