Saudi Aramco Lauches Arabian Rig Manufacturing
Saudi Aramco and National Oilwell Varco Incorporated (NOV) recently held the first Arabian Rig Manufacturing (ARM) Board of Managers meeting.ARM is a newly formed company, a…
Remote Surveillance for Subsea Equipment Manufacturing
The oil price collapse of 2014 triggered a wave of cost reduction among upstream businesses that saw global oil and gas companies slash capital expenditures by about 40 percent between 2014 and 2016.
DNV GL forms Committee for Offshore Equipment Manufacturers
The NAOEMC is comprised of a group of industry experts and leaders that establish expectations and align the industry for future growth and development in offshore equipment manufacturing.
Keppel Acquires LeTourneau
Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International Corporation's offshore product division…
Rosneft, Siemens Ink Partnership Deal
Rosneft and Siemens AG signed a Cooperation and Partnership Agreement. The document was signed by Rosneft Chairman of the Management Board Igor Sechin and Siemens AG Chairman of the Management Board Joe Kaeser.
SBI Wins Jack-up Design and Engineering Contract
SBI Offshore Limited, which is pursuing higher-value oil and gas engineering projects, said today it has secured a $24 million contract to provide design and engineering services…
SBI Offshore EPCC Project Near Completion
SBI Offshore Limited announced that it expects to complete an Engineering, Procurement, Construction and Commissioning (EPCC) project for a Malaysian client worth approximately $30 million on July 23…
China Inc Joins the Big League in Oil and Gas Services
Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired expertise that is challenging more established rivals.
