Exxon Mobil Corp's third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit.Earnings fell to $3.17 billion, or 75 cents per share…
Saipem said it is working with UK-based metering pumps manufacturer SEKO to create a new subsea metering pump capable of operating in extreme conditions.The Italian services company announced on social media that it has signed a collaboration…
China's offshore oil and gas specialist CNOOC Ltd said on Wednesday it entered a framework deal with China Petroleum and Chemical Corp, or Sinopec Corp, to jointly study and explore mostly offshore oil and gas blocks.Under the deal, the two…
Denmark has fined French oil and gas major Total 500,000 Danish crowns ($75,145) for the discharge of chemicals in the North Sea by a company it bought in 2017, Danish broadcaster DR said on Tuesday.Maersk Oil, the former oil unit of shipping giant A…
Chevron Corp's first-quarter profit fell 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but topped forecasts and signaled it is committed to buying smaller rival Anadarko Petroleum Corp…
It’s been long thought the “subsea factory” could reduce capex costs, but many topsides pieces of equipment must first be marinized to make that vision a reality. Oceaneering’s Subsea Pumping Technology (SPT), which recently won OTC's Spotlight on New Technology Award…
Martijn Bergink has taken over as CEO of pumping systems manufacturer Framo.Former Framo CEO Sameer Kalra has officially handed Bergink responsibility for the business as Kalra becomes the new head of the Alfa Laval Marine Division and a member of the Alfa Laval Group management…
Supermajor Chevron announced on Monday it has named Pierre Breber vice president and chief financial officer, effective April 1, 2019.Breber replaces Patricia Yarrington who has elected to retire after 38 years with the company.Breber joined Chevron in 1989…
Norwegian-based well and reservoir surveillance and intelligent tracer systems provider RESMAN AS announced it has agreed to acquire tracer service provider Restrack AS, in a share purchase agreement. The combined company will have up to 100 employees…
A recent grant award from the Oil & Gas Innovation Center (OGIC) in the U.K. aims to spur the development of automated data analysis technology for on- and offshore oilfields.Chemical monitoring and management solutions specialist LUX Assure…
A November 2017 explosion on an offshore production platform, a July 2018 platform diesel generator fire, and an August 2018 leak of 70 gallons of emulsion breaker into the Gulf of Mexico were the focus of a spate of safety bulletins and alerts…
Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.The work scope covers the supply of engineering, procurement…
The University of Western Australia (UWA) is leading a joint industry project (JIP), supported by the Industry Technology Facilitator (ITF), to provide industry with a better understanding of the mechanism of hydrate growth and blockages…
Trelleborg Sealing Solutions used SPE Offshore Europe Conference & Exhibition in Aberdeen as a platform to launch its latest Isolastperfluoroelastomer (FFKM) material development. Specifically engineered for the offshore industry, Isolast J9554…
KBR and IBM have agreed to collaborate on the development of digital products and services to help oil and gas firms reduce costs and increase profit, reliability and safety. KBR says petroleum organizations require new levels of innovation…
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