The past few weeks have seen a string of profit warnings and capital spending cutbacks from global oil and gas exploration majors. Should oilfield service companies be worried that the good times are coming to an end? According to bank and investment company Investec…
Plexus Holdings has been awarded its first contract with Maersk Oil’s Danish business unit to supply surface wellhead and mudline equipment services for an exploration well in the Danish North Sea. The initial value of the contract is about £1…
Norway-based offshore marine and engineering consultancy Aqualis Offshore has opened a new office in Bahrain. Aqualis already has offices in Dubai, UAE (regional headquarters), and Dammam, Saudi Arabia, in the Middle East. “The primary…
Norway headquartered DeepOcean Group has moved into the offshore geotechnical services market by acquiring ageotechnical drilling rig and agreeing a strategic alliance with Swiss firm Geoquip Marine. The strategic alliance will see the…
Houston-based Helix Energy Solutions is to provide Petrobras with well intervention services for a minimum four years, using two new-build vessels. The two new monohull vessels, being built at the Flensburger shipyard in Germany for Norway’s…
GE Oil & Gas opens Brazilian logistics base With an area of 590,000sq. ft and investments that exceed US$100 million, GE’s base in Niteroi in the state of Rio de Janeiro was designed primarily to load and unload installer ships. These vessels carry heavy equipment…
CNR International (CNRI) is preparing to make a significant investment in the next phase of development drilling at its Baobab field, offshore Côte d’Ivoire (Ivory Coast). The Aberdeen-based operator, which is the international division of Canadian Natural Resources…
Energy production technology services company Proserv has bought KRG Industries Ltd from majority shareholder Torishima Pump Mfg. Co. Ltd, (Torishima) in Japan. KRG provides precision engineering services to the oil and gas and aerospace and defense industries…
Operator Statoil is to use Technip for intervention services on its Åsgard subsea compression project in the Norwegian Sea. The Åsgard field lies on the Halten Bank in the Norwegian Sea, about 200km off Norway. TheÅsgard subsea compression…
Norwegian geoscience firm TGS has signed a Letter of Award with WesternGeco to charter the high-capacity 12-streamer vessel M/V Geco Eagle for 3D multi-client projects in Northwest Europe during the 2014 summer season. The charter will…
Papua New Guinea is home to the Esso Highlands Ltd.- operated PNG LNG project, the first of its kind in the country’s history. Sarah Parker Musarra provides an update and examines the milestone project’s offshore pipeline. Occupying a small corner of Southeast Asia…
While the Caribbean may not be rich in traditional petroleum energy resources, the evolution of renewable energy has revealed that the region possesses an abundance of another valuable source – water. Minister in the Prime Minister’s Office with responsibility for Energy…
US explorer Hess remains 'confident' that its billion dollar Australian gas project will proceed. The Equus project, Hess Corp.’s planned contribution to Australia’s push for world leadership in liquefied natural gas (LNG) exports, has…
Charles Wemyss discusses positive displacement meters and how they can benefit flow measurement in chemical injection applications. VFF meter. Images: Litre Meter Keeping up with the global…
Trelleborg’s offshore operation has been awarded its first order for drill riser buoyancy modules (DRBM) and riser protection by engineering, procurement, construction and installation contractor, Hyundai Heavy Industries (HHI) in Korea. For Trelleborg…
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