Equipment
Schlumberger Lays Off 11000 More as Profit Drops
The Houston-based oilfield services major, Schlumberger, is slashing another 11,000 jobs as it fells the impact of downturn in oil prices and lower E&P spending. In January this year, Schlumberger informed that the company had laid off 9,000 employees late last year, recording a $296 million charge
Plexus Nets First Contract in Venezuela
Plexus Holdings has secured its first contract with Cardon IV, a gas licence granted by the Ministry of Petroleum and Mines of Venezuela to Eni Venezuela B.V and Repsol Venezuela Gas, S.A., for the supply of mudline suspension equipment services for a development well offshore Venezuela. The value o
Nexans Confirms Halden Layoffs
Norwegian division of the French cable giant Nexans is downsizing its workforce at the company’s plant in Halden as it reacts to market slowdown. The Halden factory, which currently has approximately 900 employees, had to let go 90 workers, after temporarily putting them on hold in January. Accordin
Photo Update: New Suez on Right Track
The Non-Governmental Organization (NGO), Dredging Suez Canal, has posted on its official facebook page the latest photos of the New Suez Canal dredging program. The project was launched by the Chairman of the Suez Canal Authority Mohab Mamish in the presence of Egyptian President Abdel Fattah el-Sis
FES International DBSCs for Subsea 7
UK oil and gas engineering firm FES International has been awarded a contract by Subsea 7 for the supply of fully automated Diverless Bend Stiffener Connectors (DBSCs). The manufacture of the DBSCs is currently underway at FES International UK headquarters in Northumberland, UK, the company informed
Pusnes bow loading systems for three new shuttle tankers
Finland’s MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. Pusnes solutions provide connections that allow shuttle tankers to load oil directly from offshore facilities while holdin
Nexans confirms layoffs in Norway, citing not enough work
Nexans, a France-based cable manufacturer for the oil and gas industry, has confirmed the launch of both temporary layoffs and downsizing at the company’s plant in Halden, Norway. To remind, based on Norwegian media reports, Offshore Energy Today on Wednesday wrote that the company would be letting
Oil majors invest in cyclone forecasting (Australia)
Global energy companies have joined forces to fund new research aimed at advancing tropical cyclone forecasting in Northern Australia to further improve offshore safety and mitigate costly disruptions to operations. Results from the industry-driven research are expected to enhance tropical cyclone r
Repsol/Eni JV hires Plexus for job in Venezuela
Plexus Holdings PLC has won a contract from Cardon IV, a Venezuelan joint Venture between Spanish Repsol and Italian ENI, for the supply of mudline suspension equipment services. The contract will support a development well offshore Venezuela, at the Cardon IV block. The value of the order, accordin
Hughes Sub Surface Engineering Recognised by RoSPA
Hughes Sub Surface Engineering of Bootle, is among the winners in the RoSPA Occupational Health and Safety Awards 2015. The Gold award in the annual scheme run by the Royal Society for the Prevention of Accidents (RoSPA) will be presented during a ceremony at the Hilton Birmingham Metropole Hotel, a
Galvin Bay Gets Cabled Ocean Observatory
RV Celtic Explorer has laid a subsea cable in Galway Bay this week marking a milestone in the development of Ireland’s national marine research and development infrastructure. The four kilometre cable, and a frame to which sensors and monitoring equipment will be attached is part of the development
Marin Teknikk to Design DSCV for Ultra Deep Charter (China)
Norway’s Marin Teknikk has entered into a contract with China Merchants Heavy Industry (CMHI), for design & engineering delivery for a new developed large Multipurpose Diving Support & Construction Vessel to Ultra Deep Charter Ltd. (UDS) in Singapore. The vessel will be of the MT6023 DSCV design, wi
WATCH: Valemon Field Opened
The following video shows petroleum and energy minister Tord Lien opening the Valemon gas and condensate field in the North Sea today. According to Statoil, expected recoverable reserves from the field are 192 million barrels of oil equivalent. “Valemon is one of several new projects on the Norwegia
Akastor’s MHWirth Cuts 750 Jobs
Oilfield services investment company, Akastor, has confirmed that its wholly owned portfolio company MHWirth will axe its global workforce due to deterioration in the rig market. Namely, in February this year, MHWirth announced it will be reducing its workforce between 500-750 people. In line with t