Results49 articles shown
Oilfield Cannibals: To Save Cash, US Drillers Strip Idle Rigs
Wednesday, October 07, 2015 In a bid to save cash, rig owners are cannibalizing parts such as motors and drill pipe from idled rigs to fix 800 active ones in the US when stuff breaks.
Wood Group Wins Bechtel Contract to Supply Tengiz Project in Kazakhstan
Wednesday, October 07, 2015 Oilfield services firm Wood Group wins a multi-million dollar contract by Bechtel to supply equipment to Tengizchevroil's Crude Storage Capacity Project at the Tengiz Field in Kazakhstan.
Prosep Appoints McCarthy as New CEO
Tuesday, October 06, 2015 Prosep appoints oilfield services veteran Patrick McCarthy as its new CEO.
Skandi Africa Vessel Delivered and Working for Technip
Tuesday, October 06, 2015 DOF Subsea Group says it has taken delivery of the Skandi Africa deepwater subsea construction vessel and has contracted it out to Technip for five years.
Civmec Clinches Contracts for Ichthys, Gorgon Projects in Australia
Tuesday, October 06, 2015 Civmec clinches contracts for refractory installation services at the Ichthys and Chevron gas projects in Australia.
Magma Global Secures Funding to Support Growth Plans
Monday, October 05, 2015 Magma Global raises $60 million from Strategic Investment Capital Partners, and existing investors, to support its growth plans.
Farstad Shipping to Lay up Vessels, Reduce Staff
Friday, October 02, 2015 Farstad Shipping ASA is planning to lay up 2 platform supply vessels and 3 anchor handling tug supply vessels in Norway, which will result in approximately 100 layoffs.
EMAS AMC Completes 2 Subsea Tieback Projects for Noble Energy in US GOM
Monday, September 28, 2015 EMAS AMC successfully completes subsea tieback projects at Noble Energy's at Big Bend and Dantzler fields in the US Gulf of Mexico.
Statoil Awards Wood Group Peregrino Field Contract
Friday, September 25, 2015 Wood Group says it has been awarded a contract to provide operations and maintenance at the Peregrino field, offshore Brazil.
UK Subsea Firms Head to Mexico
Tuesday, September 22, 2015 More than 25 oil and gas services firms will head to Mexico this week as part of a trade mission led by Subsea UK.
Statoil Awards Wood Group Contracts for Brazil's Offshore Peregrino Project
Tuesday, September 22, 2015 Statoil awards operations, maintenance and modification services contracts to Wood Group for the Peregrino project in the Campos Basin, offshore Brazil.
Bilfinger Salamis UK Secures $100M UKCS Services Contract
Tuesday, September 22, 2015 Bilfinger Salamis UK secures a 5 year services contract on the UK Continental Shelf, by an unnamed company, worth over $100 million.
GE Oil & Gas to Provide Subsea Services to Chevron Off Western Australia
Tuesday, September 22, 2015 GE Oil & Gas signs agreement with Chevron to provide subsea services for the latter's natural gas assets offshore Western Australia.
OneSubsea Secures FEED Contract for Greater Enfield Area Development
Tuesday, September 22, 2015 The Cameron and Schlumberger joint venture, OneSubsea, secures a front-end engineering and design contract for the Greater Enfield Area Development offshore northwest Australia.
Providence Signs Exploration Collaboration Agreement with Schlumberger
Monday, September 21, 2015 Providence Resources signs a collaboration agreement with Schlumberger for the exploration of the southern Porcupine and Goban Spur basins, which are located offshore Ireland.
Refracking Service Could Create 'Boom of a Boom' in Shale Recovery
Friday, September 18, 2015 Halliburton officials say refracking is here to stay, touting the results seen with its recently released ACTIVATE refracturing service.
WellDog, Silixa Join Forces to Develop New O&G Technical Solutions
Friday, September 18, 2015 WellDog and Silixa join forces to develop new sensing solutions for the oil and gas industry.
Technip Awards Contract to Harkand-CSA JV for the TEN Project Off Ghana
Friday, September 18, 2015 The Harkand-Consolidated Shipping Agencies joint venture lands a contract from Technip for the Tullow Oil-operated Tweneboa,Enyenra and Ntomme project offshore Ghana.
Rotork Feels Pinch from Weak Oil and Gas, Warns on Results
Thursday, September 17, 2015 UK valve control specialist Rotork forecasts full-year revenue below expectations due to project deferrals and cancellations.
ROV Inspection Firm Wins New Business
Wednesday, September 16, 2015 Remotely-operated vehicle firm ROVOP wins $3.9 million of new contracts with oil, gas and offshore wind customers in one month.
Sources: Tecnicas and Petrofac Selected to Build $4.7B Saudi Gas Project
Tuesday, September 15, 2015 Spain's Tecnicas Reunidas and the UK's Petrofac win $4.7 billion of contracts to build the Fadhili gas plant in Saudi Arabia.
ALE Carries Out Jackup and Skidding Operations for Malikai Topside in Johor
Tuesday, September 15, 2015 ALE carries out jackup and skidding operations for the Malikai topside at the Malaysia Marine Heavy Engineering West yard in Johor, Malaysia.
IKM Ocean Design Wins Johan Sverdrup Contract
Monday, September 14, 2015 IKM Ocean Design wins EPC contract for work on Johan Sverdrup's gas export solution.
Ocean Installer Secures Services Contract for Total Operated Field
Friday, September 11, 2015 Ocean Installer secures a contract for deep water umbilical, flowline and riser (UFR) installation work at the Total E&P Congo operated Moho Nord field, which is located off the coast of the Republic of Congo.
Sky Futures Launches 48-Hour Drone Inspection Service for the North Sea
Thursday, September 10, 2015 Sky Futures uses Offshore Europe 2015 to launch its new 48-hour Rapid Response Service for the North Sea region.
Vallianz Seeks to Expand into the Middle East, Eyes Egypt and Iran
Thursday, September 10, 2015 Vallianz Holdings seeks to expand its business in the Middle East, including Egypt and possibly Iran.
Low Oil Price to Hasten UKCS Decom Opportunity
Thursday, September 10, 2015 The UK oilfield services sector is set to benefit from a significant increase in decommissioning activity in the North Sea, according to industry observers Rigzone has spoken to at Offshore Europe.
OE 2015: North Sea Industry Warned Not to Over-Engineer Assets
Wednesday, September 09, 2015 Proserv CEO David Lamont warns the industry not to over-engineer assets in the North Sea if the basin is to have a future.
Wood Mac: UKCS Decommissioning Activity, Spend Set to Rise
Wednesday, September 09, 2015 Around 140 fields could cease production in the UK Continental Shelf over the next 5 years, resulting in a ramp-up of decommissioning activity and spend, according to a new report from Wood Mackenzie.
Bibby Offshore Delivers Multi-Million Dollar Decommissioning Contracts
Tuesday, September 08, 2015 Bibby Offshore completes two multi-million dollar decommissioning contracts on the UK Continental Shelf in 2015.
DW Comments on Recent Developments in Global Oilfield Services Sector
Tuesday, September 08, 2015 Douglas-Westwood comments on the global oilfield services sector following Schlumberger's acquisition of Cameron.
Heerema Secures Services Contract for Culzean
Thursday, September 03, 2015 Heerema Fabrication Group secures an engineering, procurement and construction contract, with Maersk Oil North Sea UK Limited, for the Culzean development in the North Sea.
Subsea 7 Awarded $150M SURF Contract for Culzean
Tuesday, September 01, 2015 Subsea 7 is awarded a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the Culzean development, located in the UK North Sea.
Aker Solutions to Slash up to 500 More Jobs
Tuesday, September 01, 2015 Aker Solutions will be further reducing its Norwegian subsea workforce due to a "continued market slowdown".
McDermott Awarded Record Services Contract by Saudi Aramco
Thursday, August 27, 2015 McDermott International is awarded a record lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia.
InterOil Awards PNG Field Connectivity Contract to Speedcast
Wednesday, August 26, 2015 InterOil awards a satellite communications and network services contract for its operations in Papua New Guinea's Gulf province to Speedcast.
Prosafe SE: Robust Short-Term Outlook, Optimistic About Long-Term
Friday, August 21, 2015 Prosafe SE offers a "robust" short-term outlook and is optimistic about long-term market conditions.
Russia's Eurasia Drilling Says 1H Net Profit Halves
Thursday, August 20, 2015 Russia's Eurasia Drilling reports a halving of its first-half net profit on a weak rouble, low oil prices and lower demand from its chief customer, Lukoil.
Ultra Deep Group Signs Contract to Build Multipurpose DSCV
Wednesday, August 19, 2015 Ultra Deep Group secures a contract with China Merchants Heavy Industry to build an Ultra Deep Installer Multipurpose Diving Support Construction Vessel.
Amec Foster Wheeler Awarded PMC Contract Extension in Middle East
Tuesday, August 18, 2015 Amec Foster Wheeler secures an extension to its existing project management consultancy contract for the UZ750 project in the Upper Zakum field, from the Zakum Development Company.
Wood Group Scores Gabon Deal after Tough First Half
Tuesday, August 18, 2015 Oilfield engineer Wood Group wins a multi-million dollar contract award with Shell in Gabon after announcing reduced revenues and profits for the first half of 2015.
Scomi Bags $27.66M Deal from PTTEPI for Myanmar's Zawtika Gas Project
Tuesday, August 18, 2015 Malaysia's Scomi Energy bags a three-year contract from PTTEPI for the Zawtika gas project offshore Myanmar.
Prosafe Wins North Sea Accommodation Vessel Contract
Monday, August 17, 2015 Norwegian offshore accommodation provider Prosafe SE signs a $60-million deal to supply a vessel to an unnamed client for work in the UK North Sea.
PBJV, Ocean Installer to Offer Deepwater Installation Services in Malaysia
Friday, August 14, 2015 Barakah's subsidiary PBJV signs a memorandum of collaboration with Norway's Ocean Installer to jointly provide deepwater installation services in Malaysia.
PBJV Bags Contract from PETRONAS Carigali for Work in East Malaysia
Thursday, August 13, 2015 Barakah Offshore Petroleum's unit PBJV bags a contract from PETRONAS Carigali for work in Sabah and Sarawak, East Malaysia.
Oil and Gas Problems Pile Up for New Bilfinger CEO
Wednesday, August 12, 2015 The new chief executive of Germany's Bilfinger says he will do whatever it take to turn the company around as problems escalate at its main division servicing oil and gas clients.
Wood Group Wins 3-Year GOM Contract with PEMEX
Tuesday, August 11, 2015 Mexico's PEMEX awards Wood Group a $28-million contract to supply engineering services to its field developments in the Gulf of Mexico.
Scomi Bags $35.6M Deals, Including Provision of Offshore Vessel Services
Tuesday, August 11, 2015 Malaysia's Scomi Energy Services secures $35.6 million contracts, including the provision of offshore vessel services, in the last four months.
Maersk Giant Rig Wins North Sea Work with DONG Energy
Monday, August 10, 2015 Maersk drilling secures a 150-day contract for its Maersk Giant rig with DONG Energy.
|Brent Crude Oil :||$51.92/BBL||5.42%|
|Light Crude Oil :||$48.53/BBL||4.90%|
|Natural Gas :||$2.47/MMBtu||0.81%|
|Updated in last 24 hours|