Oilfield Services News

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OFS Profits Lag Behind Integrated and E&P Companies
Friday, August 24, 2018 A new report from AlixPartners explores what's keeping the oilfield services and equipment sector from achieving the same profits as integrated and exploration and production companies.

Service Companies May Struggle in New Era of Megaprojects
Friday, August 24, 2018 A WoodMac analyst explains why the sanctioning of some large LNG projects may mean trouble for service companies.

Sverdrup Was Norway's Lifeline during Oil Crash
Thursday, August 23, 2018 While Norway's oil-service companies had to slash their fees, Sverdrup's timing also proved a godsend for them.

Halliburton Envisions Robo-Fracking
Tuesday, August 21, 2018 The world's biggest provider of the technique that unlocks oil and natural gas from shale rock has a vision of push-button fracking that's still years in the making.

Wood Seeing Recovery in Core Oil and Gas Market
Tuesday, August 21, 2018 Wood is seeing recovery in its core oil and gas market, the company's chief executive, Robin Watson, says.

Saipem Awarded Services Contracts Worth Approximately $700MM
Tuesday, August 21, 2018 Saipem announces that it has been awarded services contracts worth approximately $700 million.

Global Oilfield Service Sector to Hit Pre-Downturn Market Levels by 2024
Friday, August 17, 2018 Rystad Energy expects the global oilfield service sector to be back at pre-downturn market levels by 2024.

Services Firm's Aberdeen Base Sees Increased Demand, Results in Office Move
Tuesday, August 14, 2018 Ampelmann says its Aberdeen base has experienced increased business demand in recent months.

Schlumberger Appoints Shale Innovator Mark Papa to Board
Monday, August 06, 2018 Schlumberger appointed shale pioneer Mark Papa and energy researcher Tatiana Mitrova to its board of directors, according to a filing with the U.S. Securities and Exchange Commission.

Aker Solutions to 'Integrate' UK Organization
Friday, August 03, 2018 Norway-headquartered oil and gas industry services company Aker Solutions has announced an initiative to 'integrate' its UK organization.

Maersk Drilling Secures 2 North Sea Contract Extensions
Friday, July 13, 2018 Maersk Drilling secures contract extensions for the Maersk Resolute and Maersk Resolve jack-up rigs.

Aker Solutions Secures Perenco UK Services Contract Extension
Wednesday, July 04, 2018 Aker Solutions secures a 3-year contract extension, with two one-year options, from Perenco UK to continue operations and maintenance services on its southern North Sea assets.

SBM Offshore Wins FEED Work for Second Liza FPSO
Tuesday, July 03, 2018 SBM Offshore secures contracts to perform Front End Engineering and Design (FEED) work for a second Floating Production, Storage and Offloading vessel (FPSO) for the Liza development.

Equinor Hands $3.7B Deals To Schlumberger, Halliburton, Baker Hughes
Monday, June 18, 2018 Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion).

US Oil Firms Use Shale Know-How To Revitalize Old Oilfields
Thursday, June 14, 2018 Among vineyards and cow pastures in east Texas last month, roughnecks started to drill in an oilfield that is 25 years past its production peak.

In Norway's Oil Region, Business Outlook Keeps Rising -Survey
Thursday, June 07, 2018 Business conditions strengthened significantly in Norway's western oil-producing regions during the last three months, while the outlook rose to five-year highs, a sentiment survey shows.

NHV Secures North Sea Helicopter Services Contract with Dana Petroleum
Thursday, June 07, 2018 NHV Group secures a new long-term contract with Dana Petroleum for the provision of helicopter services to the oil and gas firm's central and northern North Sea assets.

North Sea Energy Service Hub Receives Government Grant
Wednesday, June 06, 2018 Montrose Port Authority, a support and service hub for the North Sea energy industry, receives a $2 million grant from the Scottish government.

Rigzone Survey Reveals Top Picks for Oilfield Service Companies
Tuesday, June 05, 2018 Respondents reveal who their ideal oilfield service employer would be in latest poll.

Johan Sverdrup Drilling Platform Installed
Monday, June 04, 2018 The 22,000-ton topside for the drilling platform at Johan Sverdrup has now been installed, Equinor reveals.

New Rope Access Training Center Opens in Aberdeen, Creates New Jobs
Friday, June 01, 2018 Maintenance, inspection and integrity specialist, MInteg, opens a new rope access training center at parent company EnerMech's Aberdeen headquarters.

TechnipFMC Secures Subsea Contract with CNOOC
Thursday, May 31, 2018 TechnipFMC secures a subsea contract with CNOOC Limited for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project in the South China Sea.

Johan Sverdrup Drilling Topside Begins Sailaway
Thursday, May 31, 2018 The Johan Sverdrup drilling topside begins its sailaway from the Aibel yard in Haugesund.

BHGE to Create O&G Centre of Excellence in Scotland
Wednesday, May 30, 2018 BHGE is investing $41 million in its manufacturing footprint in the North East of Scotland.

TWMA Secures 5-Year UK North Sea Services Contract
Tuesday, May 29, 2018 TWMA secures a 5-year contract with Nexen Petroleum UK Limited for the provision of drilling waste management and associated services on multiple assets in the UK North Sea.

Saudi Aramco Inks Halliburton Unconventional Gas Stimulation Services Deal
Tuesday, May 29, 2018 Saudi Aramco signs an unconventional gas stimulation services contract with Halliburton.

Apache North Sea Donates to Aberdeen Cancer Support Charity
Friday, May 25, 2018 Cancer support charity Maggie's Aberdeen is set to receive a $100,000 (GBP 75,000) donation from Apache North Sea.

Bristow Secures Contract Extension with Perenco UK
Friday, May 25, 2018 Industrial aviation service provider Bristow Group Inc. secures a 3-year contract extension with Perenco UK Ltd.

Inaugural Decom North Sea Awards Winners Revealed
Thursday, May 24, 2018 The winners of the inaugural Decom North Sea Awards have been revealed.

Bibby Offshore Secures Multimillion Dollar North Sea Contract
Tuesday, May 22, 2018 Bibby Offshore secures a two-phase multimillion dollar contract with a 'leading' oil and gas company.

Simmons Edeco Wins Multi-Million Dollar Deal with 'Major' N.Sea Operator
Monday, May 21, 2018 Oilfield services company Simmons Edeco secures a multi-million dollar contract with a 'major' North Sea oil and gas operator.

UK's Petrofac Awarded More Than $1.7B New Orders This Year
Friday, May 18, 2018 Oilfield service firm Petrofac Ltd secures more than $1.7 billion of new orders so far this year.

Proserv Completes Financial Restructuring, CEO Steps Down
Monday, May 14, 2018 Proserv completes a financial restructuring, which it says has strengthened its long-term plans.

Reach Subsea Hails Workforce Following Statoil Frame Agreement Win
Friday, May 11, 2018 Reach Subsea hails its workforce after securing a 5 year frame agreement with Statoil for inspection, maintenance and repair services.

Subsea 7 Wins 'Substantial' 5-Year Statoil Contract
Thursday, May 10, 2018 Subsea 7 S.A. secures a 'substantial' contract with Statoil for the provision of subsea inspection, repair and maintenance services on the Norwegian Continental Shelf.

Subsea 7 Says Could Change Offer If McDermott Cooperates
Wednesday, April 25, 2018 Subsea 7 is open to potentially sweetening its $2B offer for McDermott if the US company would work with it to identify additional benefits of a deal, Subsea says.

Frackers Preach Patience on Payoff From $70 Oil, Growth in Shale
Tuesday, April 24, 2018 The world's biggest oilfield service companies have a message for investors: There's a payoff for patience.

Saipem Scouting Around as Subsea 7 Bid Makes Waves
Tuesday, April 24, 2018 Italian oil services group Saipem is looking round for growth opportunities.

Schlumberger Profit Surges On Higher Oil Prices
Friday, April 20, 2018 Oilfield services provider Schlumberger NV reports an 88% rise in quarterly profit as rising crude oil prices encourage its North American clients to ramp up spending.

Drilling Systems, AIS Launch New Tech-Focused Training Company
Friday, April 20, 2018 Drilling Systems, a simulator developer, joins forces with industrial training provider AIS to create a new technology-focused training organization for the global energy industry.

Aibel Secures Statoil Njord Bravo FSU Contract
Thursday, April 19, 2018 Aibel secures a contract from Statoil for the refurbishment and lifetime extension of the Njord Bravo Floating Storage Unit.

CHC Signs Contract Extension With Aker BP to Support Valhall Field
Tuesday, April 17, 2018 CHC Group signs a 2-year contract extension with Aker BP to support its Valhall field in the Norwegian North Sea.

Subsea 7 Secures 'Substantial' Services Contract Offshore Nigeria
Tuesday, April 10, 2018 Subsea 7 S.A. secures a 'substantial' services contract with Mobil Producing Nigeria Unlimited.

Oil Services Investors Yawn at Latest US Sanctions on Russia
Monday, April 09, 2018 Investors of the world's biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia.

DOF Subsea Secures Various Contracts in the Atlantic Region
Friday, April 06, 2018 Integrated offshore company DOF Subsea wins various contracts in the Atlantic region.

Statoil to Award Service Companies Contracts Worth Over $1.4B
Thursday, April 05, 2018 Statoil, on behalf of the Johan Sverdrup partnership, will award service contracts to Aibel, and a joint venture of Aker Solutions and Kværner, worth a total estimated value of more than $1.4 billion.

Sembcorp Nets Karish, Tanin FPSO Engineering Contract
Wednesday, March 28, 2018 Sembcorp secures contract for the engineering, procurement and construction of hull and living quarters for a newbuild Floating Production, Storage and Offloading vessel.

Saudi Aramco Announces $10B Partnerships with 14 American Companies
Wednesday, March 28, 2018 Saudi Aramco announces commercial partnerships worth over $10 billion with 14 American companies during the Saudi-US CEOs forum held in New York.

US Firm McDermott To Bid For $5B In Asia Offshore Oil, Gas Contracts
Tuesday, March 20, 2018 McDermott International plans to bid for $5B in contracts in the next few months in Asia Pacific as the region's offshore oil and gas sector recovers.

Petrofac Secures $580MM EPC Contract for 'Major' Project
Monday, March 19, 2018 Petrofac Limited signs binding letter of intent for a contract worth around $580 million with a GCC National Oil Company, for the engineering, procurement and construction of a 'major' project.