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Baker Hughes: US Oil Rig Count Extends Recovery Amid Crude Rally
Friday, October 07, 2016 The number of rigs drilling for oil in the United States rose this week, extending one of its best recoveries with no cuts for 15 straight weeks.

Onshore Oilfield Equipment Market Spending Begins Recovery
Friday, October 07, 2016 Analysts expect onshore oilfield equipment spending to show signs of recovery this year, reaching $83 billion in 2020.

Keppel FELS Delivers Floatel Triumph, Upcoming Work at Wheatstone Field
Friday, September 30, 2016 Keppel FELS delivers accommodation semisub Floatel Triumph to Floatel International, with the newbuild to deploy for work soon at Chevron's Wheatstone field offshore Western Australia.

US Rig Count Recovery Hinges On $50 Oil Post-OPEC Meeting
Friday, September 30, 2016 Analysts say continued recovery in the rig count depends on whether OPEC's output reduction plan can bring the market back to $50 a barrel.

Mexico's Sole Platform Fabrication Project to Create Jobs
Tuesday, September 27, 2016 EPCI firm McDermott International will increase its workforce for the 18-month Abkatun-A2 project for PEMEX.

MacGregor Wins Equipment Supply Deal for ME-Bound OSVs Being Built in China
Tuesday, September 20, 2016 MacGregor secures equipment package contracts for offshore support vessels (OSVs), now under construction in China, for a Middle Eastern firm.

Baker Hughes: US Oil Drillers Add Rigs For 11th Week In 12
Friday, September 16, 2016 US drillers this week added oil rigs for an 11th week in the past 12, according to a closely followed report.

GE O&G Confirms Deal to Supply Gas Compressors for Tangguh LNG Project
Thursday, September 15, 2016 GE Oil & Gas confirms deal to supply gas compressors to BP for the Tangguh liquefied natural gas (LNG) expansion project in Papua Barat, Indonesia.

GE Oil & Gas Bags Contract for BP's Tangguh Train 3 Project in West Papua
Wednesday, September 14, 2016 GE Oil & Gas secures a contract from BP to provide liquefaction components for the third train of the Tangguh liquefied natural gas (LNG) project in West Papua, Indonesia.

Baker Hughes: US Oil Drillers Add Rigs In Longest Streak In 5 Years
Friday, September 09, 2016 US drillers this week added oil rigs for a tenth week in the past 11, according to a closely followed report.

Financial Hardship, Opportunity with Low-Priced Used OFS Equipment
Thursday, September 01, 2016 The current industry environment has produced a sharp decline in the value of oilfield equipment and is adversely affecting the accounting treatment of oilfield equipment on company financial statements.

Baker Hughes: US Oil Drilling Rig Count Steady After 8 Weeks Of Hikes
Friday, August 26, 2016 The number of US oil drilling rigs were unchanged this week after eight weeks of consecutive rises, according to a closely followed report.

Cosco Delivers 2 Jackups to Foresight Group and a PSV to a European Buyer
Thursday, August 25, 2016 Cosco Dalian delivers 2 jackups to the Foresight Group, while a European buyer took delivery of a platform supply vessel (PSV) from Cosco Guangdong.

MOFT Bags $230M FSO Deal for Chevron's Benchamas 2 Project off Thailand
Wednesday, August 24, 2016 Malaysia's MISC Offshore Floating Terminals (MOFT) bags a $230 million contract to lease and operate a floating storage and offloading vessel for Chevron's Benchamas 2 Project in the Gulf of Thailand.

Pemex Cancels West Pegasus Drilling Contract
Monday, August 22, 2016 Seadrill Limited receives a notice of termination from Pemex Exploracion y Servicios for the West Pegasus drilling contract, effective Aug. 16.

Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia
Monday, August 22, 2016 Perisai Petroleum Teknologi extends charter for the Perisai Kamelia floating production, storage and offloading (FPSO) facility for 6 months for $31.5-$45 million.


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