Offshore Engineer Industry News News - page 787

 

Hunting Expects Oil Producers to Defer Projects

Dec 17, 2018

British oilfield services company Hunting Plc expects oil and gas producers to defer some projects as a recent decline in crude prices could hit their short-term budgets, it said on Monday.Oilfield service companies, including U.S.-based Schlumberger…

Polarcus Awarded Work in West Africa

Dec 17, 2018

Offshore geophysical company Polarcus Limited announced Monday that it has received a contract award for an XArray marine seismic acquisition project in West Africa.The project will commence in Q1 2019 with an approximate duration of two months…

Oil Slips 2 Percent

Dec 14, 2018

Oil prices dropped about 2 percent on Friday, weighed down by a falling U.S. stock market, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.Brent crude futures for February delivery fell $1…

Op/Ed: CCS Needs to Start With a Bang, Not a Whimper

Dec 14, 2018

For carbon capture and storage (CCS) to make a meaningful contribution towards decarbonizing our energy system, it needs to start with a bang, not a whimper₁. Scale projects are needed now if CCS is to stand any chance of benefiting from the…

Total Sells 4% of Ichthys to Inpex for $1.6 Bln

Dec 13, 2018

French energy company Total said it has agreed to sell a 4 percent stake in its Australian Ichthys liquefied natural gas (LNG) project to Japanese partner Inpex for $1.6 billion, following cost overruns.'This transaction is part of our constant portfolio review to optimize our capital allocation…

Exxon, BHP to Develop West Barracouta Gas Field

Dec 13, 2018

ExxonMobil Corp and the world's top miner BHP Billiton said on Thursday they approved development of the West Barracouta gas field in the Gippsland Basin in Australia, to bring fresh gas to Australian domestic markets.Exxon said the project…

Ampelmann Inks Two Contracts in Asia Pacific

Dec 13, 2018

Offshore access services provider Ampelmann said it has secured two new contracts in the Asia Pacific region. Two A-type motion compensated gangway systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term walk-to-work (W2W) operations…

Nigeria Sues Shell, Eni Over Oil Deal

Dec 13, 2018

Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.The OPL 245 oilfield is also at the heart of an…

Chrysaor Sets Sights on Chevron's North Sea Assets

Dec 13, 2018

Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.Chrysaor has signed up investment banks Jefferies and BMO…

Offshore Wind: SeaTwirl Secures Funding

Dec 13, 2018

Swedish floating wind turbine player SeaTwirl has joined the Ocean Energy Scale-Up Alliance (OESA) that has been granted funding from the Interreg North Sea Region.SeaTwirl is a vertical floating wind turbine that was tested off the west coast of Sweden in 2011…

Scorpio Group Takes Over Nordic American Offshore

Dec 12, 2018

NYSE-listed offshore support vessel owner Scorpio Group has taken control of Nordic American Offshore (NAO), via a private placement into company’s shares worth $5 million.The investment, which took place via a private placement with Scorpio Offshore Investments…

Notorious Virus Suspected in Saipem Cyber Hack

Dec 12, 2018

A hack on Italian oil services firm Saipem that crippled more than 300 of the company's computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco.'The cyber attack hit servers based in the Middle East…

Western Gas Chooses McDermott, BHGE for Equus Project

Dec 12, 2018

Western Gas announced Wednesday it has signed a Memorandum of Understanding (MOU) with oil and gas service and technology providers McDermott International and Baker Hughes, a GE company (BHGE), for the development of the Equus Gas Project offshore Western Australia…

Acteon Acquires Deepwater Corrosion Services

Dec 12, 2018

Acteon Group Ltd has acquired subsea corrosion specialist Deepwater Corrosion Services Inc. in a move to strengthen the group's ability to help customers manage the integrity of subsea infrastructure throughout the life of a field.Deepwater has designed…

Shell Says Talks Over Gazprom Asset Swap Suspended

Dec 12, 2018

Talks about a possible asset swap deal between Royal Dutch Shell and Gazprom have been suspended, Kommersant business daily reported on Wednesday, citing Cederic Cremers, head of Shell's business in Russia.The memorandum on the possible asset…

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