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Claxton pens master service deal with Aker BP

Claxton, an engineering and services company in subsea services group Acteon, has signed a master service agreement (MSA) with Aker BP. Claxton said on Tuesday that the MSA covered Aker BP’s Norwegian...

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Fugro delivers phase one of Qatargas North Field survey

Dutch Fugro has completed the first phase of its offshore site investigation for Qatargas’ North Field production sustainability’s compression phase. The fieldwork started in March, and the phase one...

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Cortez pioneers pipelay technique off Malaysia

Cortez Subsea Cortez Subsea in partnership with Alam Maritim has completed the first ever subsea pipeline using the Zap-Lok mechanical connector offshore Malaysia. The project championed technology...

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Cooper Energy and Mitsui commit $55M for Minerva gas plant upgrade

Australia’s Cooper Energy and partner Mitsui Group have committed $55 million to upgrade the idle Minerva gas plant which will allow the supply of 16 petajoules of so far undeveloped gas. To remind,...

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Masirah gets green light for Yumna field development plan

Oman’s Ministry of Oil and Gas has approved Masirah Oil’s field development plan (FDP) for the offshore Yumna field. Rex International, a majority stakeholder in Masirah Oil, said last week that the...

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Petróleo Nautipa FPSO off Gabon to stay with Vaalco for another year

BW Offshore has received a one-year contract extension for the lease of one of its floating, production storage and offloading (FPSO) vessels. FPSO Petroleo Nautipa; Source: BW Offshore BW Offshore...

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Will Chevron’s Noble Energy swoop trigger a wave of M&A deals in oil & gas...

A double whammy of the coronavirus pandemic and the oil price war from earlier this year has shaken the oil industry to the core changing its landscape for years to come. In the aftermath of the oil...

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Eni calls Nigeria bribery case ‘completely groundless’ as prosecutors seek...

Italian oil and gas company Eni considers that the Public Prosecutor’s requests for conviction of the company its former and current CEOs and the managers involved in the Nigerian bribery case related...

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Chariot CEO steps down

Chariot Oil & Gas CEO, Larry Bottomley, has stepped down from the company with immediate effect and two others have joined the board. Larry Bottomley, Chariot’s former CEO; Source: Chariot To...

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OGTC and ORE Catapult in energy transition alliance

Two UK energy technology and innovation organisations have announced a five-year collaboration to deliver next generation energy technologies and accelerate the United Kingdom’s transition to a net...

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Aker BP cleared for production drilling on two fields offshore Norway

Aker BP has received safety consents from the Norwegian offshore safety watchdog to use two rigs for production drilling on two separate fields offshore Norway. The watchdog, the Petroleum Safety...

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SURF’s up on Anyala and Madu fields

Nigerian National Petroleum Corporation (NNPC) and First Exploration & Production (First E&P) have completed SURF installation campaign on Anyala and Madu fields under OML 83 and OML 85,...

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Baker Hughes books bigger quarterly loss

Oilfield services provider Baker Hughes saw its loss deepen during the second quarter of the year as its revenues decreased by 21 per cent compared to the same period last year. According to its...

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Red quarter for Polarcus as revenues sink

Marine seismic player Polarcus has slipped deeper into the red in Q2 2020 as revenues dropped close to 66 per cent compared to prior year. The Oslo-listed company reported second quarter 2020 loss of...

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OKEA restarts Draugen after nearly a month-long turnaround

Oil and gas company OKEA has successfully completed a turnaround on its operated Draugen platform located offshore Norway. OKEA said on Thursday that the production on Draugen started after a...

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Rystad: Oilfield services market could replace lagging revenue by tapping...

Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023, according to a Rystad Energy analysis. However, suppliers could diversify...

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Watch Neptune install subsea equipment for two North Sea projects

Neptune Energy has successfully installed subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea. Neptune and...

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Helix Energy Solutions earnings drop in Q2

Houston-based offshore services and robotics specialist Helix Energy Solutions has reported profit of $5.5 million, or 4 cents per diluted share, for the second quarter of 2020 compared to $16.8...

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Shell gets green light for Brent Alpha jacket decommissioning plan

UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea. The Brent Alpha platform in 2006; Source: Shell Through the Brent Alpha...

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More red ink for PGS

PGS has seen its Q2 2020 loss widened, as revenues fell more than 50 percent. The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90...

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