Oil And Gas Subsea News

 

Aker BP Q3 Operating Profit Beats Forecast

Oct 19, 2018

Aker BP's third-quarter operating profit rose more than expected, helped by a boom in oil prices, the Norwegian oil firm said on Friday, while reducing planned capital and exploration spending.Earnings before interest and taxes (EBIT) rose to…

Shell to Invest $2 Bln Annually to Explore in Brazil

Oct 18, 2018

Royal Dutch Shell plans to invest $1 billion to $2 billion annually in oil exploration and production in Brazil through 2025, Brazilian newspaper Valor Economico reported on Thursday.The investment will be made regardless of the outcome of presidential election Oct…

High-End Seismic Imaging Solves Shallow Gas Challenges

Oct 17, 2018

The latest Q modeling, and Q-compensating imaging techniques bring greater clarity to Northern Viking GrabenCGG has recently completed seismic depth imaging of its entire Northern Viking Graben multi-client survey, in the Norwegian North Sea…

Bpifrance, TechnipFMC File Complaint Against Naval Group

Oct 17, 2018

French state-owned bank Bpifrance and oil services company TechnipFMC have filed a complaint against Naval Group for willful misrepresentation, a source close to the matter told Reuters, confirming a story in Challenges magazine.The complaint…

Nexans Wins Cable Contract for Northwester 2 Wind Farm

Oct 16, 2018

Nexans said it will supply a subsea power cable and associated accessories for the 219 MW Northwester 2 wind farm 46 km offshore from Zeebrugge, Belgium.The French based company has been awarded a contract from Northwester 2 developer Parkwind to design…

Wintershall Struggles to Boost Output from Norway's Maria Field

Oct 15, 2018

German oil firm Wintershall's flagship project in Norway - the Maria oil and gas field - is not meeting output expectations due to water injection issues, the company said on Monday.The field, which started nine months ahead of schedule at end-2017…

Unmanned Platform Starts Production at Oseberg Vestflanken 2

Oct 15, 2018

The Oseberg Vestflanken 2 field in the North Sea came on stream on Sunday. Remote-operated from the Oseberg field center, the new Oseberg H platform is the first unmanned platform on the Norwegian Continental Shelf. Recoverable resources are 110 million barrels…

Aker Solutions to Supply Subsea Production System for Mero 1

Oct 05, 2018

Aker Solutions said it has secured an order from Petrobras to provide a subsea production system and related services for the Mero 1 project, the first full production project within the major Mero field development, one of the largest oil discoveries in Brazil's pre-salt area…

Boskalis Wins Subsea Contract at Tyra Gas Field

Oct 04, 2018

Royal Boskalis Westminster N.V. has been awarded the Tyra Redevelopment Subsea Installation Phase II contract by Total E&P Denmark.The sizable contract includes subsea engineering, procurement, fabrication and installation for the Tyra Redevelopment…

Aker Solutions to Provide Brownfield Services for BP in Angola

Oct 04, 2018

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…

Noble Energy Cashes Out of Tamar Petroleum After Egypt Gas Deal

Oct 03, 2018

Texas-based Noble Energy sold its 43.5 percent stake in Israel's Tamar Petroleum after announcing last week that it would help finance a gas export deal with Egypt, the Israeli business daily The Marker reported on Wednesday.Noble's sale of 40 million Tamar shares…

Baker Hughes to Bid for Petrobras Production-sharing Contract

Oct 03, 2018

General Electric Co's unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil's Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields…

Equinor Acquires 40% Stake in Rosebank Project

Oct 01, 2018

Equinor has signed an agreement to acquire Chevron’s 40 percent operated interest in the Rosebank project, one of the largest undeveloped fields on the U.K. Continental Shelf (UKCS). The parties did not disclose the commercial terms of the agreement…

DNV GL Updates Marine Warranty Standard

Sep 27, 2018

DNV GL Noble Denton marine services has released a new edition of the ST-N001 Marine operations and marine warranty standard for the warranty approval of marine operations, covering all different asset and operation types.The new edition now…

EXCEED Developments Reflect Bullish Growth Strategy

Sep 26, 2018

Aberdeen-headquartered well management and performance improvement specialist EXCEED Energy has underlined its continued global expansion with a number of significant contract wins, prompting a key appointment and a move into new premises.Recent…

Current News

Petronas Q2 Profit Rises 8%

Petronas Q2 Profit Rises 8%

Timor Resource to Drill 5 Wells in Timor-Leste

Saudi Aramco Pursues IPO Planning Despite Attack

Saudi Aramco Pursues IPO Planning Despite Attack

Middle East Risks Keep Oil Prices High

Middle East Risks Keep Oil Prices High

Transborders Joins Forces with Osaka Gas

Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

Senvion to Sell Assets to Siemens Gamesa

Senvion to Sell Assets to Siemens Gamesa

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week