Results47 articles shown
Saipem Counting the Cost of Going Solo in Low Oil Price World
Friday, February 12, 2016 Low oil prices and little sign of recovery anytime soon leaves Italian oil contractor Saipem ill-prepared to cope with a new life independent from its former parent Eni.
Premier, Noble Terminate Contract for Eirik Raude Rig
Friday, February 12, 2016 Premier Oil and its partner, Noble Energy, decide to terminate their contract for Eirik Raude after several technical issues with the rig.
Subsea 7, National Oilwell Varco Secure Sea Lion FEED Contracts
Thursday, February 11, 2016 Subsea 7 and National Oilwell Varco secure services contracts in connection to the Sea Lion development, which is located offshore the Falkland Islands.
Technip Secures Statoil Services Contracts
Thursday, February 11, 2016 Technip secures fabrication and installation contracts by Statoil for the Johan Sverdrup and Oseberg Vestflanken developments.
Neptune Bags Kitan Disconnection Project Contract from Technip
Thursday, February 11, 2016 Neptune Marine Services bags a contract from Technip for the Kitan disconnection project in the Australia-Timor Leste Joint Petroleum Development Area.
Aker to Deliver Johan Sverdrup Concept Study
Wednesday, February 10, 2016 Aker Solutions will work on a concept study for a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field.
Aibel Working on Johan Sverdrup Concept Study
Tuesday, February 09, 2016 Aibel is working on a concept study for the second phase of the Johan Sverdrup development.
European Services Companies Secure Offshore Engineering Contracts
Tuesday, February 09, 2016 France's Technip and Scotland-headquartered Wood Group PSN secure offshore engineering contracts in the Gulf of Mexico and North Sea, respectively.
Diamond Offshore Profit Beats On Lower Costs; Div Scrapped
Monday, February 08, 2016 Diamond Offshore Drilling wings into a quarterly loss at it writes down the value of nine drilling units by nearly half-a-billion dollars.
Resource Upgrade at SNE Discovery Following Independent Report
Monday, February 08, 2016 Best estimate 2C contingent resources at Cairn's SNE oil discovery increase by 42% to 468 million barrels of oil.
SapuraKencana Secures Several Service Contracts
Thursday, February 04, 2016 SapuraKencana Petroleum Berhad's wholly-owned subsidiary companies and jointly controlled entities have been awarded contracts and contract extensions with a combined value of approximately $382 million.
Swiber Completes Subsea Pipeline Installation Project Off South America
Thursday, February 04, 2016 Swiber Holdings completes a subsea pipeline installation project offshore South America.
Aje One Step Closer to First Oil
Thursday, February 04, 2016 The Aje field offshore Nigeria is one step closer to achieving first oil, following the completion of work on the asset's FPSO.
Oilfield Services Provider Weatherford to Cut 6,000 Jobs
Wednesday, February 03, 2016 Weatherford says it will cut about 6,000 jobs during first half of 2016 in response to steep drop in oil prices.
National Oilwell Posts 4th-Qtr Loss on $1.63B Charge
Wednesday, February 03, 2016 US oilfield equipment supplier National Oilwell Varco reports a loss for the fourth quarter of 2015.
Oil, Gas Service Companies Win Several North Sea Contracts
Wednesday, February 03, 2016 Aker Solutions, Subsea 7, Technip Norway, Ocean Installer, Hereema Fabrication Group and Aibel secure work in the North Sea.
Oil, Gas Industry Calls for Increased Collaboration amid Low Oil Price
Monday, February 01, 2016 Major players in the oil and gas industry are pushing for more industry collaboration amid the continuing low oil price.
Clough Bags Hook-up Services Contract for Ichthys FPSO from DSME
Thursday, January 28, 2016 Clough bags a hook-up services contract for the Ichthys floating, production, storage and offloading facility from Daewoo Shipbuilding & Marine Engineering Co.
Baker Hughes Warns Global Rig Count Could Fall 30% in 2016
Thursday, January 28, 2016 Oilfield services firm Baker Hughes expects the global rig count to decline by as much as 30 percent in 2016.
Prosafe Takes Delivery of the Safe Zephyrus Accommodation Vessel
Wednesday, January 27, 2016 Prosafe takes delivery of the Safe Zephyrus semi-submersible accommodation vessel from Singapore's Jurong Shipyard.
SHI Awards Ichthys LNG Project CPF Hook-up Services Contract to Clough
Wednesday, January 27, 2016 Samsung Heavy Industries awards a hook-up services contract for Australia's Ichthys liquefied natural gas project central processing facility to Clough.
Roxi Retains GCA to Evaluate BNG Asset
Wednesday, January 27, 2016 Roxi Petroleum plc retains Gaffney, Cline & Associates to evaluate the company's flagship BNG asset.
JDR Secures Subsea Umbilicals Contract with Marathon Oil
Tuesday, January 26, 2016 JDR secures a services contract from Marathon Oil for the design and manufacture of seven miles of power and static subsea umbilicals, with accompanying termination hardware, for the West Brae field.
Lamprell and Partners Consider Building Saudi Maritime Engineering Facility
Tuesday, January 26, 2016 Offshore engineer Lamprell is working with partners, including Saudi Aramco, to potentially build a 'Maritime Complex' in Saudi Arabia.
Providence Agrees Terms with Searcher for New Survey Offshore Ireland
Friday, January 22, 2016 Providence Resources plc agrees terms with Searcher Seismic Pty Ltd for a new 3D seismic program in the southern Porcupine and Goban Spur basins, offshore south-western Ireland.
Wood Group Partners with Magma Projects
Thursday, January 21, 2016 Oilfield engineer Wood Group teams up with Magma Products in order to extend its existing commissioning capabilities.
Technip Lifts 2015 Revenue Forecasts, Issues Bonds
Wednesday, January 20, 2016 French oilfield services firm Technip says its 2015 revenue at its subsea and onshore/offshore businesses will beat the forecasts it gave when it published its 3Q results in October.
Wood Group Secures 3-Year Prelude FLNG Services Contract with Shell
Tuesday, January 19, 2016 John Wood Group plc secures a 3 year contract with Shell Australia to provide consultancy services for the energy company's Prelude Floating Liquefied Natural Gas project.
Seadrill Defers Delivery of Drillships from DSME
Friday, January 15, 2016 Seadrill says it is delaying the delivery of two ultra-deepwater drillships from South Korea's DSME.
Scomi Energy Services Secures Services Contract from Total
Friday, January 15, 2016 Malaysia's Scomi Energy Services Bhd secures a contract worth $41.6 million from Total E&P Indonésie for the provision of drilling fluids and completions services.
NMS Bags Maintenance Diving Contract for Chevron's Australian Projects
Thursday, January 14, 2016 Neptune Marine Services bags a marine maintenance diving contract from Chevron for the latter's projects in Australia.
Rig Firm Seadrill Sees Difficult Market through 2017
Thursday, January 14, 2016 Offshore driller Seadrill sees a challenging market throughout 2017 as low crude prices and cost cuts among oil companies continue to push daily rate hires below cost breakeven.
Premier Oil Awards SBM Offshore Sea Lion FEED Contract
Wednesday, January 13, 2016 Premier Oil awards SBM Offshore a front-end engineering and design (FEED) contract for an FPSO for Phase 1 of its Sea Lion development in the North Falkland Basin.
Datum360 Delivers BP Services Contract
Wednesday, January 13, 2016 Datum360 deploys software that will standardize engineering information for the Azeri-Chirag-Deepwater Guneshli (ACG) project, as part of a services contract secured from BP.
Decmil Clinches Extension to QCLNG Wellsite Contract in Australia from QGC
Tuesday, January 12, 2016 Decmil clinches an extension to its Queensland Curtis Liquefied Natural Gas Wellsite Installation Services contract in Australia from QGC.
POSH Secures Contract to Tow Shell Prelude FLNG from S.Korea to Australia
Tuesday, January 12, 2016 Singapore's PACC Offshore Services Holdings secures a contract to tow Shell's Prelude floating liquefied natural gas facility from South Korea to the Prelude field offshore Australia.
Statoil Signs New Agreements with Aker, OneSubsea
Friday, January 08, 2016 Statoil signs master service agreements with Aker Solutions and OneSubsea Processing, which form the basis for potential new EPC contracts for subsea equipment in the medium-term future.
Wood Group Wins Brazil Platform Contract with PetroRio
Thursday, January 07, 2016 Wood Group wins a contract with PetroRio to deliver services to the Polvo A platform, located in the southern Campos Basin.
Statoil Awards NCS Services Contracts Worth $1.2B
Tuesday, January 05, 2016 Statoil awards 2 long-term contracts for insulation, scaffolding and surface treatment services to Beerenberg Corp AS and Prezioso Linjebygg AS.
Clough AMEC Bags Timor Sea Bayu-Udan Contract from ConocoPhillips
Tuesday, January 05, 2016 Clough AMEC bags a three year contract from ConocoPhillips for the Bayu-Udan offshore field development in the Timor Sea.
Prosafe, Statoil Agree Mariner Project Re-Phasing
Monday, January 04, 2016 Prosafe and Statoil agree to re-phase the North Sea Mariner Project from 2016 into 2017 and extend their previously agreed contract period for the project from eight to 13 months.
Fugro Secures Pemex Services Contract Extension
Wednesday, December 23, 2015 Pemex awards Fugro a services contract extension to support its exploration drilling activities in the Bay of Campeche, worth approximately $20 million.
SOCAR Cape JV Awarded BP Services Contract in Azerbaijan
Tuesday, December 22, 2015 The SOCAR Cape joint venture has been awarded a 2 year extension contract by BP for the provision of fabric maintenance services at the energy major's onshore and offshore assets in Azerbaijan.
Paper: Billionaire Fredriksen to Buy Up Distressed Oil Rig Assets
Friday, December 18, 2015 Norwegian-born billionaire John Frediksen sets up a company to snap up oil rigs from firms struggling with low crude prices.
MMA Secures 5-Year Platform Supply Vessel Contract with ConocoPhillips
Friday, December 18, 2015 MMA Offshore Limited secures a 5 year platform supply vessel contract by ConocoPhillips, which will see the marine service provider support the energy company's operations at Bayu Undan.
Aker Solutions, Saipem to Collaborate on Subsea Projects
Friday, December 18, 2015 Aker Solutions and Saipem agree to cooperate on targeted subsea oil and gas development projects worldwide.
KCA Deutag Secures Services Contracts from BP worth up to $1B
Thursday, December 17, 2015 KCA Deutag is awarded 2 services contracts with BP Exploration (Caspian Sea) Limited, which have a combined value of approximately $1 billion, including all options.
|Brent Crude Oil :||$30.06/BBL||2.52%|
|Light Crude Oil :||$26.21/BBL||4.51%|
|Natural Gas :||$1.99/MMBtu||2.92%|
|Updated in last 24 hours|