Oil and gas industry partners have set out to develop a methodology for qualifying the integrity of digital twin technology – said to be the industry’s first.The methodology, which is being developed by TechnipFMC and DNV GL, aims to bring a…
Oilfield procurement specialist Craig International said it has been awarded its first contract with Petrofac in the UK.The company will provide third party procurement services and supply general oilfield products to support Petrofac’s offshore operations in the North Sea…
Oil and gas company Hague and London Oil (HALO) said it has reached an agreement to acquire a group of assets in the Dutch and UK sectors of the North Sea from ONE-Dyas (OND).These interests consist of 7.9% of the Sillimanite Development Unit…
Offshore engineering solutions provider James Fisher Offshore (JFO) said it will establish bases in Saudi Arabia and Dubai in a move to deliver efficiencies across multiple regional projects through an enhanced Middle Eastern footprint.The UK…
US-based subsea technology and data company Ocean Infinity said it has compleetd an expedition on the Mohns Ridge in the north-western Norwegian Sea, on behalf of the Norwegian Petroleum Directorate (NPD).NPD had been assigned the task of mapping…
Mexico's Pemex said on Monday it had paid $5.17 billion in a tender offer to prepay about a third of its bonds maturing between 2020-23, part of President Andres Manuel Lopez Obrador's latest effort to shore up the state oil firm.The company announced the bond tender earlier this month…
Rig inspection services company ModuSpec said it has reemerged as an independent operating company following a strategic restructure of engineering and technical professional services organization Lloyd’s Register (LR).In March, LR announced…
Offshore drilling contractor Transocean announced on Monday that it will not take delivery of two newbuild drillships that were scheduled to be handed over from Korean builder Samsung Heavy Industries (SHI) in 2019 and 2020.Transocean said two of its indirect…
Oilfield services provider Halliburton said it acquired a new portfolio of electro-mechanical downhole cutting tools and tubing punches from Westerton (UK) Ltd.Designed as an alternative to traditional pipe recovery and intervention across the well lifecycle from exploration to abandonment…
A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York.Oil chiefs grappling with growing demand for action to fight climate change have…
Equinor and Britain's SSE have won a tender to build three wind farms off Britain, which the Norwegian firm said together will form the world's largest such development.Like other European oil firms, Equinor is developing its renewables business…
Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.Petronas, as the company is known…
Allseas announced on Friday it has been awarded an EPRD contract from Repsol Norge to remove, transfer, load-in to shore and dispose of the Gyda platform in the Norwegian North Sea.The contract covers both the 18,000 t topsides and 11,200 t jacket…
Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding…
The Ireland and UK focused oil and gas exploration, development and production company Europa Oil & Gas Plc said it has landed a high impact new venture offshore Morocco, boosting the country’s drive to launch viable upstream projects that would…
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