Large upstream projects are more often delivered by a group of partners rather than a single 100% owner.
Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and engineering services, has completed a suitability survey for the world’s second largest semi-submersible heavy-lift vessel, the ‘Xin Guang Hua’. For the survey, done in advance of the vessel’s
Oil giant Saudi Aramco and oilfield services provider Baker Hughes have introduced what the companies say is the first TransCoil rigless-deployed electrical submersible pumping (ESP) system. Baker Hughes said on Thursday that the new ESP system is designed to help operators bring wells into producti
Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on what is expected to be the world’s biggest initial public share offering, sources familiar with the matter told Reuters.
The international offshore rig count for the first month of the year was down both sequentially and year over year, according to rig count reports by the oilfield services provider Baker Hughes. Baker Hughes’ report shows that the international offshore rig count for January 2017 was 206, down 4 fro
VesselsValue, a website providing intel on offshore and shipping world including the valuations of the various kinds of vessels, has now expanded its coverage to offshore drilling rigs. Offshore Energy Today has interviewed VV’s Head of Offshore Miles Cole to learn more about the service, how they
The most popular articles of the week
Global oil and gas deal activity in 2016 recovered from a slow start to the year with help from the announcements of midstream and oilfield services (OFS) megadeals. Upstream deal value, however, fell, as no 2016 deal could match Shell’s acquisition of BG in 2015. According to the EY Global oil and
By Henning Gloystein SINGAPORE (Reuters) – Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices. Brent crude futures <LCOc1>, the international benchmark for oil prices, wer
TechnipFMC’s subsidiary and a provider of engineering services for the oil & gas industry, Genesis, has been awarded two front-end engineering contracts by the UK oil major BP. Genesis said on Wednesday that the two frame agreement contracts with BP would cover conceptual, pre-FEED, and FEED stages
Read last week’s most popular news from the offshore energy sector.
With over 70 ultra deepwater floating rigs stacked and waiting for contracts and over 20 newbuilds sitting virtually complete at shipyards under deferred delivery agreements, offshore rig reactivation risk stands in the way of market recovery, writes David Carter Shinn, a partner at Bassoe Offshore,
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent crude futures, the international benchmark for oil prices, were trading at $56.17 p
Lebanese government has re-launched its first offshore oil and gas licensing round after a three-year delay. Lebanon launched its first offshore licensing round in 2013 but failed to see it through due to political turmoil. On Thursday, January 26 the country’s Minister of Energy and Water, Cesar Ab
