Data from KPMG’s 2018 Oil and Gas CEO Outlook, released Oct. 10, reveals that globally, almost all oil and gas CEOs believe new technology creates opportunities. Eighty-five percent are piloting or have already implemented Artificial Intelligence (AI)…
Hibiscus Petroleum Bhd has acquired 50% interest in two oilfields offshore the United Kingdom for $37.5 million in total.In a press statement, Hibiscus said its indirect wholly-owned subsidiary Anasuria Hibiscus UK Ltd (AHUK) had entered into…
C-Innovation reports it has opened a new dock facility in Port Fourchon, La., to expand the capabilities of its Subsea Services group.With more than 550 ft of open quayside, Bayou Lafourche is a main entrance into the facility, which is supplied…
Belgian dredging, environmental and marine engineering group Dredging, Environmental and Marine Engineering NV (DEME)'s Board of Directors announced that with effect from January 1, 2019 Luc Vandenbulcke will succeed Alain Bernard as the company’s CEO…
Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion ($3.6 billion) since the development plans were submitted to Norwegian authorities.This appears…
Neptune Energy has appointed Odin Estensen as Managing Director of its Norwegian business, based in Stavanger.Estensen joins Neptune Energy from A/S Norske Shell, where he is currently the Norway Operated Asset Manager.With more than 28 years’ experience in the oil and gas sector…
Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining…
In the latest consolidation in the offshore sector, Nordic American Offshore (NAO) and Canada based Horizon Maritime Services signed a memorandum of understanding (MoU) to form a fleet of 17 ships capable of operating in offshore environments…
Subsea engineering analysis consultancy AgileTek has underlined growth plans in South Korea through the formation of a collaborative agreement with Blue Wind Engineering.The Memorandum of Understanding (MOU) will allow for future cooperation…
Aberdeen-headquartered well management and performance improvement specialist EXCEED Energy has underlined its continued global expansion with a number of significant contract wins, prompting a key appointment and a move into new premises.Recent…
Equinor will open a new office in Tokyo later this week and its first office in India by early next year, said Tor Martin Anfinnsen, senior vice president for trading and marketing for Equinor.'It's our ambition to grow in Asia both in terms of volumes and geography…
ESVAGT UK has appointed Ian Taylor as iUK Regional Director.Taylor brings many years of shipping experience and a considerable amount of ESVAGT knowledge to ESVAGT’s UK office at Dock Gate House in the heart of Aberdeen’s harbor area. As a Chartered Shipbroker…
A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world…
Dan-Bunkering said it has hired three new Bunker Traders in its Dubai office.Benedek Nagy was born and raised in Hungary, however, at the age of 18 he moved to Denmark to study International Shipping and Trade as well as gain experience within the shipping industry…
UTEC, a global survey company in subsea services group Acteon, has appointed Nadir Rahmatullah as the commercial and strategy director of its Middle East and Caspian operations.Rahmatullah was most recently managing director of UTEC StarNet…
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