Latest News

Petrofac secures contract extension from Mubadala Petroleum

Mubadala Petroleum has signed agreement with Petrofac to modify and extend contracts related to the FPF-003 floating production, storage and offloading vessel in the Jasmine field in the Gulf...

Petrofac secures contract extension from Mubadala Petroleum

DNV GL launches technology qualification scheme for accurate gas flow metering

DNV GL has introduced a new technology qualification scheme to assure accuracy of gas-flow metering in field conditions....

DNV GL launches technology qualification scheme for accurate gas flow metering

Deals this week: Cooper Energy, Helix Energy Solutions, Petrobras

Cooper Energy Limited intends to issue up to 219,596,482 shares each priced at $0.22 through a non-renounceable rights offering to raise approximately $48m....

Deals this week: Cooper Energy, Helix Energy Solutions, Petrobras

Petrobras and Total partner for worldwide upstream and downstream projects

Petrobras and Total have signed a memorandum of understanding (MoU) for a strategic alliance covering upstream and downstream activities in Brazil and worldwide....

Petrobras and Total partner for worldwide upstream and downstream projects

Edvard Grieg oil platform offshore Norway fitted with noise enclosures

Compressors on the Edvard Grieg oil platform 160km from the Norwegian coast have been fitted with noise enclosures....

Edvard Grieg oil platform offshore Norway fitted with noise enclosures

M&As this week: Oceaneering International, Logan International

Oceaneering International has completed the acquisition of Ocean Technologies with a cash consideration of $30m....

M&As this week: Oceaneering International, Logan International

Report: Brazil to have highest number of planned projects in operation by 2025

An estimated 215 key oil and gas projects in 45 countries are scheduled to start operations by 2025, according to a report by GlobalData....

Report: Brazil to have highest number of planned projects in operation by 2025

Quadrant Energy performs successful test at Roc-2 well, Western Australia

Quadrant Energy has announced a successful well test at the Roc-2, 165km north of Port Hedland in Bedout basin, Western Australia....

Quadrant Energy performs successful test at Roc-2 well, Western Australia

Deals this week: Royal Dutch Shell, Fairmount Santrol, Pemex

Royal Dutch Shell plc has unveiled its plans to sell 16 upstream oil and gas assets for approximately $8bn....

Deals this week: Royal Dutch Shell, Fairmount Santrol, Pemex

Faroe Petroleum announces discovery at Njord North Flank in Norwegian Sea

Faroe Petroleum has reported an oil and gas discovery at the Njord North Flank in the Norwegian Sea....

Faroe Petroleum announces discovery at Njord North Flank in Norwegian Sea

Oceaneering acquires Blue Ocean Technologies for $30m

Oceaneering International has completed the $30m asset purchase of Blue Ocean Technologies, a privately held provider of riserless light well intervention (RLWI) services....

Oceaneering acquires Blue Ocean Technologies for $30m

Polarcus signs multi-client collaboration and vessel agreement with TGS

Polarcus Limited has entered a memorandum of understanding (MoU) to collaborate with TGS-NOPEC Geophysical Company (TGS) to jointly develop selected 3D multi-client projects....

Polarcus signs multi-client collaboration and vessel agreement with TGS

Eni announces FPSO vessel ready to sail to Block 15/06 in offshore Angola

Italian oil and gas company Eni has announced that a floating, production, storage and offloading (FPSO) vessel is ready to begin operations in the East Hub Development Project....

Eni announces FPSO vessel ready to sail to Block 15/06 in offshore Angola

Royal IHC to slash 425 jobs due to market conditions

Royal IHC has announced its plans to cut 425 positions from its current workforce due to consistent poor market conditions....

Royal IHC to slash 425 jobs due to market conditions

Technip secures subsea contract from Petronas unit in Malaysia

Technip has won a subsea contract from Petronas subsidiary Carigali Sdn Bhd for the Samarang Redevelopment Project Phase 2 EOR in Malaysia....

Technip secures subsea contract from Petronas unit in Malaysia

GC Rieber Shipping and Rasmussengruppen to form marine geophysical firm

GC Rieber Shipping and Rasmussengruppen have signed an agreement to form a new marine geophysical company called Shearwater GeoServices AS....

GC Rieber Shipping and Rasmussengruppen to form marine geophysical firm

Report: North Sea to have 32 gas projects in operation by 2025

A total of 32 crude and natural gas projects in the North Sea are scheduled to come online by 2025, according to a report by GlobalData....

Report: North Sea to have 32 gas projects in operation by 2025

Deals this week: Hibiscus Petroleum, Airborne Oil & Gas BV

Hibiscus Petroleum Bhd has agreed to acquire a 50% stake in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (PSC) in the South China Sea, from Sabah Shell Petroleum...

Deals this week: Hibiscus Petroleum, Airborne Oil & Gas BV

Optime Subsea Services to merge with Telemark Technologies

Subsea technology company Optime Subsea Services has announced its plans to merge with engineering firm Telemark Technologies to speed-up cost-saving subsea installation solutions for the...

Optime Subsea Services to merge with Telemark Technologies

Aker Solutions and MAN Diesel & Turbo to cut size of subsea compression technology

Aker Solutions and MAN Diesel & Turbo are aiming to reduce the size and weight of subsea compression systems by at least 50%, just after one year the system went operational at the Statoil’s...

Aker Solutions and MAN Diesel & Turbo to cut size of subsea compression technology

Deals this week: Pemex, Aker BP

Petroleos Mexicanos (Pemex) has raised $2bn through the issue of 4.625% bonds in a public offering....

Deals this week: Pemex, Aker BP
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