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Asian Equipment News

 

Oilfield Equipment and Services Spending to Fall to 2005-Low

Apr 01, 2020

Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report to be released on Wednesday by consultancy Spears & Associates, as oil and gas producers slash spending.The decline comes as the coronavirus pandemic has crushed oil and gas demand, and Saudi Arabia and Russia pump full bore in a grab for market share that has shale producers reeling…

MHI Vestas Offshore Wind to Source Switchgear in Taiwan

Jun 23, 2020

Offshore wind turbine maker MHI Vestas Offshore Wind will source high voltage switchgear from within Taiwan, in support of offshore wind projects the company will be supplying wind turbines for.MHI Vestas Offshore Wind said Tuesday it had finalized…

Aker Solutions Develops Faster Offshore Well Workover System

Jun 17, 2020

Norwegian engineering company Aker Solutions has said it has developed a modified workover system that enables faster and more cost-effective planned interventions. The concept will first be applied on Equinor’s Visund field in the North Sea…

Deep Down Secures GoM, APAC Orders

Jun 10, 2020

Subsea oil and gas production control equipment provider Deep Down has said it has received orders from two customers totaling approximately $2 million.The scope of work for these orders includes providing subsea controls equipment consisting of jumpers…

Siemens Equipment for Large Gas Field Project Offshore Malaysia

Jun 03, 2020

Siemens Gas and Power has been awarded a contract to supply gas turbine generators, gas turbines and centrifugal compressors for the Petronas' Kasawari gas field development project offshore Sarawak in Malaysia. The order was made by Malaysia…

SWORD Seafloor Rig Set for Sea Trials

Apr 13, 2020

Royal IHC, a Dutch marine equipment and vessel provider, has said that extensive tests have been completed on a new seabed geotechnical drill designed for offshore wind and oil and gas markets, and the rig will now go on seatrials before hitting the market…

Improving Oily Water Separators

Mar 30, 2020

Oily water separators (OWS) have been a common fixture of a ship’s machinery space for many decades. With the amount of experience, research and legislation that has gone into them, it would be easy to think that their use would almost be hassle free…

Tendeka's Equipment for Mubadala's Thailand Oil Fields

Mar 30, 2020

Well completions specialist Tendeka has secured a three-year contract with Mubadala Petroleum, to supply sand-face completion equipment in Thailand.Under the deal, Tendeka will supply sand screens and autonomous inflow control devices (AICD) to Mubadala Petroleum’s Jasmine…

200+ Oilfield Services Firms Could Go Bust

Mar 18, 2020

More than 200 oilfield services companies might be forced to declare bankruptcy - most of them in Norway and the UK - due to the effects of the Covid-19 pandemic and its effect on oil prices.This is according to Norway-based energy intelligence firm Rystad Energy…

MCI Bags OSV Fire Damper Order in Asia

Mar 16, 2020

UK-based marine equipment company Marine Components International (MCI) has won a new deal to supply A60 fire dampers for two new offshore support vessels (OSV) being built in Asia.This is the company's first export deal for fire dampers since…

TechnipFMC Shelves Spin-off Due to Market Turmoil

Mar 16, 2020

Franco-American oil services firm TechnipFMC Plc is putting on hold plans to split itself into two due to turbulence in financial markets linked to the coronavirus outbreak, it said on Sunday.The group, created three years ago via the merger of Technip and FMC…

ABB Power & Control for Japan's Wind Turbine Installation Vessel

Mar 10, 2020

ABB will equip Japan-built self-elevating wind turbine installation vessel with its power and control technologies.The company said Tuesday that the 28,000-GT jack-up unit on order from builder Japan Marine United Corp, and due for delivery to Shimizu Corp…

Sparrows' Cranes for Qatargas' North Field Platforms

Feb 19, 2020

UK-based offshore equipment specialist Sparrows Group has signed a deal for the delivery of three cranes for Qatargas' giant North Field offshore expansion project.Sparrows said Wednesday the contract was secured through McDermott International…

NOV Warns Virus Fallout Could Hit Supply Chain

Feb 07, 2020

U.S. oilfield equipment supplier National Oilwell Varco on Friday called the coronavirus a 'wildcard' in the oil industry's outlook, with an extended outbreak potentially hurting access to Chinese-make materials and foreign sales.The Houston…

Replacement Turret for Lufeng FSO Completed

Jan 10, 2020

SOFEC said it has loaded out of the replacement turret for the floating storage and offloading unit (FSO) HYSY121 at the Lufeng field, in the South China Sea.The construction was completed at Penglai Jutal Offshore Engineering Heavy Industries Co…

Current News

Gazprom Aims to Increase Gas Supplies to China

Gazprom Aims to Increase Gas Supplies to China

Offshore Wind Spending Hits Record High, Despite Covid-19

Offshore Wind Spending Hits Record High, Despite Covid-19

MOL Makes 13th Discovery in Pakistan

MOL Makes 13th Discovery in Pakistan

OPEC Expects Record Rise in Oil Demand in 2021

OPEC Expects Record Rise in Oil Demand in 2021

First Taiwan-built Offshore Installation Vessel to Sport Wärtsilä Gear

First Taiwan-built Offshore Installation Vessel to Sport Wärtsilä Gear

KPMG Flags Oil Trader ZenRock's Questionable Deals

KPMG Flags Oil Trader ZenRock's Questionable Deals

Woodside Expects $4.37B Loss after Asset Write-down

Woodside Expects $4.37B Loss after Asset Write-down

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