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Rystad: Number of Drilled Wells in 2020 to Hit Lowest Point in Two Decades

Jul 15, 2020

The number of drilled oil and gas wells this year is expected to reach about 55,350 this year, the lowest since at least the beginning of the century, Norwegian energy industry intelligence firm Rystad Energy said. The demand for drilling equipment is also down.The expected 55,350 wells in 2020 are a drop of 23% fall from 2019’s number of 71,946 wells.From the 55,350 wells to be drilled in 2020, 2…

Cathelco to Prevent Marine Growth on KOC's Oil Spill Response Vessel

Sep 14, 2020

Cathelco, part of Evac Group, has won an order to deliver marine growth prevention system (MGPS) for a new multi-purpose oil spill response and towage vessel being built for the Kuwait Oil Co.The system will be installed to prevent bio-fouling…

Oz Offshore Regulator Launches Probe after Eni's Subsea Buoy Comes to Surface, Posing Threat to Vessels

Sep 10, 2020

The Australian offshore safety agency NOPSEMA has ordered Eni to 'make safe' a floating mid-depth buoy at the Woollybutt field off W. Australia, after the buoy, normally chained 50 meters underwater, was spotted floating on the surface, posing a navigational threat to vessels passing by…

Taiwan: MHI Vestas to Source More Offshore Wind Turbine Goods Locally

Sep 09, 2020

Offshore wind turbine maker MHI Vestas has further expanded its list of local suppliers in Taiwan for delivery of components for turbines to be built for the country's growing offshore wind market.The wind turbine company said Wednesday it would…

Ampelmann Nets Gangway Deal with McDermott in India

Sep 08, 2020

Dutch offshore gangway solutions provider Ampelmann has won a contract that will see one of its crew-transfer gangways deployed offshore India.Ampelmann said Tuesday that it had signed a contract with offshore engineering and construction firm…

VIDEO: Huisman's Giant Sykhook Crane Lifts Offshore Wind Monopiles

Sep 04, 2020

Dutch crane specialist Huisman has lifted the first batch of offshore wind monopiles with its 2,600mt Skyhook quayside crane at its facility in China. The monopiles with a length of approximately 100m have a weight of approx. 1,700mt excluding rigging…

Tekmar Group Nets Middle East Orders

Aug 21, 2020

Tekmar Group has informed that its subsidiaries have won 'multiple contracts' to supply subsea asset protection and stabilization technologies in the Middle East.Tekmar did not say who the clients were, describing them just as 'energy companies and tier one contractors in the Middle East…

SMD to Supply ROV for Petrovietnam Subsidiary

Aug 10, 2020

U.K.-based Soil Machine Dynamics Limited (SMD) said it has won a multimillion-dollar contract to supply a medium-sized work class remotely operated underwater vehicle (ROV) to PTSC GEOS & SUBSEA SERVICES CO., LTD., (PTSC G&S), a subsidiary of Petrovietnam Technical Services Corporation (PTSC)…

Sparrows' Crane for Vedanta's Offshore Facilities in India

Jul 27, 2020

Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources Limited, extending its relationship with the company to nine years.A Sparrows manufactured ECR-20 crane will be mobilized to the Lakshmi and Gauri oil and gas fields of Cairn Oil & Gas…

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…

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…

Current News

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Iberdrola, Macquarie Enter Offshore Wind JV in Japan

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