ExxonMobil has made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is
Schlumberger has seen its quarterly profit fall some 20 per cent against last year’s Q1 result despite relatively flat revenue. The oilfield services giant generated Q1 2019 profit of $421 million, or 30 cents per share, on some $50 million higher revenue ($7.87 billion), against profit of $525 mill
SOFEC, a MODEC Group company, has completed the Engineering, Supply and Delivery of Mooring System contract for PETRONAS Floating LNG 1 (PFLNG1). This project included the engineering, supply and delivery of the replacement mooring legs and anchors for the external turret system. The PFLNG Satu has
Italian oilfield services player Saipem has reported first-quarter 2019 profit of €21 million ($23.6 million), on revenues of €2.15 billion ($2.4 billion). This result compares to net loss of €2 million on revenues of €1.9 billion ($2.13 billion) for prior-year comparable period. Adjusted result was
Keppel Offshore & Marine (Keppel O&M) has, through its subsidiaries Keppel Shipyard and Keppel FELS, secured integration and upgrading contracts worth a combined value of about S$160 million. The first contract is between Keppel Shipyard and an unnamed operator of oil and gas production vessels for
US-based hydrokinetic developer Ocean Renewable Power Company (ORPC) has unveiled its first commercial RivGen Power System at Midcoast Regional Redevelopment Association’s Brunswick Landing, in Brunswick, Maine. Attendees toured the RivGen device, learning about various sub-components of the marine
Seaway 7 has been selected by Vattenfall as one of its partners for the Hollandse Kust Zuid 1 & 2 offshore wind farm project. Seaway 7’s envisaged scope of work includes the transport and installation of 76 monopile foundations and the laying of the inter-array cables and will be led from Seaway 7’s
Halliburton has executed an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive
Vallourec Soluçoes Tubulares do Brasil has been awarded a contract by TechnipFMC in Brazil to supply around 12,000 tons of seamless steel rigid line pipe. The pipe will be used in the fabrication of the riser and flowline system for interconnecting 13 wells (6 production wells and 7 water alternate
RMS Titanic, an affiliate of Experiential Media Group, together with the Advanced Imaging and Visualization Lab (AIVL) at the Woods Hole Oceanographic Institution (WHOI) and Marine Imaging Technologies (Marine Imaging) will join forces to preserve the RMS Titanic wreck site, discovered in 1985, for
Infinera has secured a deal with Orange to power Kanawa subsea cable with its fourth-generation Infinite Capacity Engine (ICE4)-based XTS 3600 platform and Infinera Instant Bandwidth. Kanawa, owned and operated by Orange in the Caribbean, delivers high-speed connectivity between French Guiana, Marti
Black Sea Oil & Gas (BSOG), together with its partners Petro Ventures and Gas Plus, has received the approval from the Romanian Government through the National Agency for Mineral Resources (NAMR) for the development of the Ana and Doina natural gas fields which make up the Midia Gas Development Proj
Transmission system operator, 50Hertz, has connected the offshore wind farms Wikinger and Arkona off the island of Rügen to its transmission grid just in time for their commissioning. The Wikinger offshore wind farm is operated by Iberdrola while Arkona is operated by E.ON and Equinor. After three y
Talos Energy, an operator of Block 7 offshore Mexico, has announced the successful drill stem test (DST) of the Zama-2 side track well (Zama-2ST1) located in Block 7. The Zama-2 ST1 appraisal well is the second of three appraisal penetrations drilled by the consortium, consisting of Talos, Sierra Oi
