Project & Tenders
IOG farms out North Sea assets
Independent Oil and Gas (IOG) has entered into binding agreements to farm out 50 per cent of its Southern North Sea assets, excluding Harvey, to CalEnergy Resources Limited.
AXTech Supplies LARS for Debmarine Namibia’s New Vessel
AXTech has signed a contract with De Beers Marine for design and supply of a Launch and Recovery System (LARS) for a subsea diamond recovery tool. The subsea tool named the ‘Crawler’ is a 310 ton purpose-built machine for subsea diamond recovery. The LARS will launch the Crawler from the vessel to t
YPF hires Excelerate’s LNG carrier to deliver Tango FLNG volumes
Argentina’s YPF reached an agreement with the FSRU specialist Excelerate Energy for the charter of a liquefied natural gas (LNG) carrier, to ferry Tango FLNG cargoes from Bahía Blanca, to the global natural gas market.
Helix Books Slight Drop in Quarterly Profits
Helix Energy Solutions has reported net income of $16.8 million, or $0.11 per diluted share, for the second quarter of 2019 compared to $17.8 million of $0.12 for the same period in 2018. Quarterly revenues fell from $205 million in Q2 2018 at $202 million. Net income for the six months ended June 3
Oceaneering Stays in Red
Oceaneering has reported a net loss of $35 million, or 36 cents per share, for the three months ended June 30, 2019. The result compares with net loss of $33 million same time last year. During the prior quarter ended March 31, 2019, Oceaneering reported a net loss of $25 million, or 25 cents per [&
Subsea 7 Sees Profits Slip
Engineering and construction specialist Subsea 7 has seen its profit cut in the quarter ended June 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $24 million, or $9 cents per diluted share, on revenue of $958 million,
TechnipFMC Boosts Backlog
TechnipFMC has reported second-quarter 2019 profit of $97 million or 21 cents per diluted share. The services major has seen a 8 percent decrease compared to net profit of $106 million same time last year. The results were affected by after-tax charges and credits totaling $78.6 million of expense,
Boskalis Bags €70 Million Land Reclamation Project in Bahrain
Royal Boskalis Westminster N.V. (Boskalis) today announced a contract award by the Ministry of Works of Bahrain in relation to the North Manama Causeway. The contract carries a value of approximately EUR 70 million. The causeway forms part of the Ministry of Works strategic plan to improve the exist
Noble picks Tenaris for Alen gas offshore pipeline construction in Equatorial Guinea
U.S. oil and gas company Noble Energy has chosen the tubes supplier Tenaris for the construction of the Alen gas monetization project offshore pipeline in Equatorial Guinea.
Tenaris Wins Alen Gas Project Contract in Equatorial Guinea
Tenaris has been awarded the offshore export pipeline for the Noble Energy’s Alen Gas Monetization Project in Equatorial Guinea. This 70-kilometer pipeline will be constructed to transport natural gas from the Alen offshore platform to existing onshore processing facilities on Bioko Island. The proj
First oil flows from Hibiscus’ North Sabah infill well
Malaysian operator Hibiscus Petroleum has achieved first oil in the North Sabah PSC offshore Malaysia.
Carnarvon raising funds for further Dorado plans
Carnarvon Petroleum has revealed plans to raise around $84 million via two share placements for funding further work on the Dorado discovery and other purposes.
Tullow plans to drill Suriname well next year
Tullow Oil and its partners have decided to drill an exploration well in Block 47 located offshore Suriname next year.
TechnipFMC’s Deep Blue vessel embarks on Peregrino job
TechnipFMC’s flagship deepwater pipelay and construction vessel Deep Blue is embarking on a major subsea project laying pipeline on the Peregrino Phase 2 Project in the Campos Basin offshore Brazil.