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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…

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…

Sulzer Expands in Southeast Asia

Oct 08, 2019

Rotating equipment services provider Sulzer said it has opened a new service center in Semenyih, Malaysia to offer specialist technical knowledge and support for all types of pumps, electrical equipment and turbomachinery for local industries including oil and gas…

Naquin Join HENDERSON

Aug 27, 2019

Drilling rigs and equipment firm HENDERSON said it has named Chris Naquin as senior business development manager.His job responsibilities will include building and maintaining relationships with drilling contractors to service their fabrication…

NOV Cuts Staff for Second Time This Year

Aug 20, 2019

Oilfield equipment and service provider National Oilwell Varco has begun trimming its workforce for the second time this year, two people familiar with the matter said this week, as oil producers cut spending budgets.The Houston, Texas-based…

Sparrows Secures Vendor Approval from Aramco

Jul 16, 2019

Aberdeen-based equipment and integrated engineering services company Sparrows Group said it has bolstered its position in Saudi Arabia after securing vendor approval status from national oil company Saudi Aramco.The approval allows recently formed local entity…

Aker Solutions Raises 2019 Forecasts

Apr 30, 2019

Norway's Aker Solutions ASA raised its 2019 revenue outlook on expected higher spending on the offshore oil services and reported better than expected first-quarter profits, lifting its shares on Tuesday.The upbeat sentiment on oilfield spending…

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