Malaysia's largest oil and gas services company Sapura Energy on Monday reported a profit for the fourth quarter on gains from disposal of a subsidiary stake, after five consecutive quarters of losses.Sapura's declared net profits of 500.4 million ringgit ($123…
Oil services company Archer Limited announced Friday that CEO John Lechner has resigned from his position, effective immediately.Lechner will remain as a senior advisor to the Archer leadership team during the transition period until a new CEO is appointed…
The two final platform topsides have been installed at the Johan Sverdrup oil field in the North Sea, about 140 kilometers west of Stavanger, Norway, operator Equinor announced Friday, marking a key milestone toward first oil expected in late 2019…
McDermott International announced Thursday it has secured a contract from an unidentified Middle East customer for engineering, procurement, construction and installation (EPCI) services for new facilities and brownfield works project in the Arabian Gulf…
With an increasing focus on more cost-effective, sustainable methods within the oil and gas industry, operators are carefully considering the choice between extending or ending offshore production asset life. Pre-decommissioning planning has been highlighted as a key issue for many companies…
Danish based offshore project and engineering company Semco Maritime said on Thursday it has been awarded an engineering, procurement, construction and installation (EPCI) contract with Total as part of the Tyra Redevelopment Project in the Danish North Sea…
Energean trimmed the top end of its 2019 production forecast after facing delays at its Epsilon well in Greece, the oil and gas producer said on Thursday.Energean expects to produce between 5,000 and 5,500 barrels of oil per day in 2019, compared to its earlier outlook range of between 5…
Engineering firm 4Subsea said it has acquired Astori, a Norwegian provider of subsea control systems for well intervention operations.Astori delivers subsea control systems for simplified XT installations that can operate all types of XTs from all main vendors…
TechnipFMC said on Wednesday it has secured a contract from Norwegian operator Equinor for the delivery and installation of the subsea production system the at Johan Sverdrup Phase 2 development offshore Norway.The award covers the delivery…
The Ekofisk oilfield in the North Sea will undergo planned maintenance in June, two industry sources said on Wednesday.The work, which will reduce supply of Ekofisk crude, will start on June 2, one of the sources said. Ekofisk is one of the…
Wood Plc's 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec Foster Wheeler and increased revenue synergies from the deal.Aberdeen…
Installation and testing of the 67 km control umbilical connecting the Sole gas field with the Orbost Gas Plant has been completed, marking the conclusion of the offshore construction phase of the Sole Gas Project, operator Cooper Energy said in an update on Monday…
The fourth and final platform for the first phase of the giant Johan Sverdrup project offshore Norway is ready for sail-away from Kværner’s yard on Stord, to be transported about 140 kilometers west of Stavanger and installed in a single lift by specialist mega vessel Pioneering Spirit…
Norway's Equinor is on a mission to give new life to more than 20 aging assets on the Norwegian continental shelf (NCS).Over the course of the last three years, the oil company has received the authorities’ approval for extending the life of…
Engineering consultancy Magma Products said its newly launched a shutdown division aims to bring a fresh approach to this complex arena of the oil and gas industry.The Aberdeen-based provider of commissioning and decommissioning services said…
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