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Mammoet Completes ALE Acquisition

Jan 08, 2020

The Netherlands-based Mammoet confirmed it has completed its acquisition of UK-based rival ALE, creating the industry’s largest engineered heavy lifting and transport services provider.The businesses will operate as one company under the Mammoet brand with more than 140 offices and branches worldwide, Mammoet said in a press release on Wednesday.An integration plan to be rolled out over the coming months will focus on bringing the two organizations together…

Keppel O&M Turns Profitable in 2019

9 hours ago

Singapore's Keppel Corp. Offshore & Marine division posted a profit for the full year 2019 citing cost cuts and lower impairment costs.For the full year, Keppel O&M posted a net profit of S$10 million, a significant increase compared to a loss of S$109 in 2018…

McDermott Bankruptcy Filing Imminent -Bloomberg

Jan 20, 2020

Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter.The company did not immediately respond to a request for comment by Reuters…

Oil Slips on Doubts About U.S.-China Deal, OPEC Outlook

Jan 15, 2020

Oil prices slipped on Wednesday on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. Prices were also under pressure…

Rocsole Taps Tienhaara as CEO

Dec 11, 2019

Tomography technology company Rocsole said it has appointed Mika Tienhaara as the new chiefe executive officer starting in 2020.Tienhaara has previously been CEO of the Ascom Separation which was acquired by Sulzer Chemtech AG, and has held various roles in Aker Solutions…

Malaysian State Open to Buying Petronas Stake

Dec 11, 2019

Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government…

Fugro Completes Deepwater AUV Survey for BSP

Dec 06, 2019

Fugro reports it has completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).The survey was performed in August in water depths of 600 m using the Fugro Equator, a dedicated geophysical survey vessel…

Neptune Buys East Sepinggan Stake

Dec 05, 2019

Neptune Energy has acquired from Eni a 20% participating interest in the in the East Sepinggan area offshore Indonesia.Eni, with 65% interest, will continue to be the operator of the area which is located in the East Sepinggan area, offshore East Kalimantan in Indonesia…

Jadestone Names Stewart Non-Executive Director

Dec 02, 2019

Asia Pacific focused independent Jadestone Energy said it has appointed Lisa A. Stewart as a non-executive director of the board, effective December 1, following the departure of Eric Schwitzer, effective November 30. Jadestone will continue to have eight directors…

Sarawak Seeks to Recoup Tax from Petronas

Nov 21, 2019

Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…

Peritus Names Regional Managing Director

Nov 06, 2019

Subsea and field development planning services provider Peritus International announced that Matthew Rawlings will be joining Peritus’ Perth office as Australia Pacific Regional Managing Director.Peritus has over 30 years' experience in the…

Fugro Enters the South Korean Offshore Wind

Oct 22, 2019

Fugro said on Tuesday it has signed a Memorandum of Understanding (MOU) with Underwater Survey Technology 21 (UST21) in a move that opens up the South Korean offshore wind farm market.The agreement with UST21 will facilitate collaboration on marine projects in South Korean waters…

Eni CEO: No Future for Firms Working in Just O&G

Oct 18, 2019

There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday.'Diversification into renewable energy and the circular economy is crucial,' Claudio Descalzi told financial daily Il Sole 24 Ore in an interview…

Baker Hughes Finalizes Name Change

Oct 17, 2019

Baker Hughes has officially dropped GE from its name after the industrial conglomerate shed majority ownership in the oilfield services company in September.Formerly Baker Hughes, a GE company, the firm will now be known as Baker Hughes, and…

Airswift Eyes APAC Growth

Oct 10, 2019

Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced two senior hires to build upon recent successes in the Asia Pacific (APAC) region. Fueled by the region’s energy and infrastructure markets…

Current News

Keppel O&M Turns Profitable in 2019

Keppel O&M Turns Profitable in 2019

Aramco Sells LNG Cargo to S-Oil

'Power of Siberia' Pipeline Begins Flow to China

'Power of Siberia' Pipeline Begins Flow to China

New Contracts for DOF in Australia

New Contracts for DOF in Australia

Record Production for Santos

Record Production for Santos

Shearwater Clinches 3D Survey Work Offshore India

Shearwater Clinches 3D Survey Work Offshore India

CNPC Finds Reserves From Pre-salt Field at Tarim

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