Norwegian company Endur has struck a deal with the bankruptcy estate to buy back Endur Industrier, a part of the recently bankrupted Endur Energy Solutions.As previously reported, Endur Energy Solutions, a provider of maintenance, modification…
By Chris Thompson, chairman of engineering firm Express EngineeringWe all know that the global oil and gas industry operates in a shifting and challenging business environment.Variations in supply and demand linked to global geopolitical issues…
Denmark's Maersk Decom has won a contract for complete plugging and abandonment of Tullow Oil’s Banda and Tiof fields offshore Mauritania.This is Maersk Decom's first project where the company will provide an end-to-end plugging and abandonment solution under one single contract…
Iran will be able to produce more than 1 billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, its oil minister was quoted as saying on Monday by the official IRIB news agency.South Pars…
Dutch offshore equipment and vessel builder Royal IHC has secured a contract with Global Marine Group to design and delivery of an integrated power cable lay spread.The equipment will be installed on its newly chartered vessel, Normand Clipper…
Italian oilfield services firm Saipem has signed a memorandum of understanding with the Saudi construction company Abdel Hadi Abdullah Al Qahtani & Sons Company (AHQ). Saipem said Tuesday that the memorandum set the path to towards the creation of a Joint Venture in Saudi Arabia…
The Chinese oil company CNOOC has, via its European subsidiary, extended a contract for logistics management with ASCO. Under the five-year extension worth over 100 million pounds, ASCO will continue supporting CNOOC Petroleum Europe Limited's North Sea assets…
Italian oil services group Saipem said on Wednesday it expected higher sales this year after it beat its 2019 targets and introduced a dividend for the first time in seven years.But it warned that concerns over the impact of the coronavirus…
Siemens Energy has selected UK-based Fussey Engineering to supply and install steel framework and cladding at the National Grid 400kV substation site adjacent to the Hornsea Two offshore wind project.The steelworks, which will involve the construction…
The 4,000-metric-ton jacket and topside has been installed for Qatargas' North Field Bravo Living Quarters Expansion project, Heerema Marine Contractors announced on Tuesday.Heerema said the installation was completed by its vessel Aegir, which…
Offshore oil and gas engineering and construction company McDermott has broken ground on the new fabrication facility in Saudi Arabia in which it will build offshore and onshore oil and gas platforms and modules.The company is building the fabrication…
Oilfield services giant Schlumberger has announced the opening of a manufacturing center in King Salman Energy Park (SPARK) in Saudi Arabia.The company said that center will manufacture well completions technologies including liner hangers and…
Oilfield services provider Petrofac reported a 16.7% drop in core profit for 2019 on Tuesday and reiterated forecasts of a decline in revenue this year as it recovers from a hit to orders in Saudi Arabia and Iraq last year.Petrofac officials…
Ensuring assets remain safe and sustainable through quantitive engineering analysisAs the world continues to demand energy sources, there is mounting pressure on hydrocarbon producers to find new reserves and extract more from existing assets…
The decommissioning market is making a comeback, with new fields of opportunity, and challenges, opening. TSB Offshore President Will Speck shares insights on the path ahead.With the decommissioning market slowly recovering, TSB Offshore is…
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