US CFTC fines energy traders
The U.S. Commodity Futures Trading Commission ordered TOTSA TotalEnergies Trading SA on August 27 to pay a fine of $48 million for alleged gasoline price manipulation. Ian McGinley…
Country-by-Country Look at Dropping Fuel Demand
It's hardly news that the COVID-19 pandemic has sent most every market into tumult, most notably the oil and gas market as political power plays flood the world with oil precisely when demand has plummeted.
Swiber Forms JV with Hilong Marine
Singapore offshore company Swiber Holdings' wholly-owned subsidiary, Swiber Offshore Construction (SOC) has entered into a shareholder's agreement with Hilong Marine Engineering…
Aker Energy IPO May be in Late 2019 or 2020
Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana approves the development plan of its Pecan oilfield, the CEO said
Infinity, Medserv Form Services JV
Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical…
800bln Undiscovered Barrels of Oil and Gas Exist Globally
Total greenfield project sanctioning, summed up to the present day, only accounts for 40% of estimated volumes of offshore projects ever being sanctioned, said Rystad Energy…
Wood's Profit Beats Estimates
Wood Plc's 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec…
Wood Secures Major Contracts in Abu Dhabi
Aberdeen-based energy services firm Wood been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC).Project…
Henderson Acquires HP Piping Solutions
Drilling rigs and capital drilling equipment sales and service provider Henderson said it has acquired high specification/high pressure fabrication company HP Piping Solutions…
James Fisher Bolsters Middle East Capabilities
James Fisher and Sons plc (James Fisher) is bolstering its offering in the Middle East (ME) with the addition of further subsea-focused capabilities to strengthen its position…
Fugro H1 Profit Boosts Shares
Dutch deep-sea prospector Fugro on Wednesday surprised the market with a first-half profit, driven by strong growth in offshore wind projects, sending its shares sharply higher.The company, hit by a downturn in the
Unique Group Enters into West Africa JV
Subsea and offshore solution provider Unique Group said it has formed a joint venture (JV) with Nigeria-based Charkin Maritime & Offshore Safety Ltd, a professional training…
HEECO Eyes New Markets for Expansion
The Humber Electrical Engineering Company (HEECO) in the United Kingdom has consolidated its marine presence and developed into new oil and gas markets.The Hull-based electrical…
Interview: Antony Croston, Trelleborg Offshore
Antony Croston is Business Group Director at Trelleborg’s offshore operation in Houston, responsible for the externally-facing functions of the business covering engineering…
Partners Aim to Improve Riser Performance and Efficiency
Trelleborg said its offshore operation has signed a supply and license agreement with Reel Power Oil and Gas to collaboratively develop and market a new Vortex Induced Vibration…
New Tool for Offshore Inspection
Aberdeen-based AISUS has invested a six-figure sum in upgrading and developing cutting edge inspection technology as it looks to further broaden its range of services and increase…
GMG Acquires Fugro’s Trenching, Cable Laying Business
Global Marine Group (GMG) will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24 percent in the combined business valued at $65 million…
New MD Set to Scale Up Operations for ClearWELL
Flow assurance and production optimization specialist, ClearWELL Oilfield Solutions, has appointed a managing director as the company looks to increase its international footprint.
GranInvestimentos and Royal IHC Join Forces
Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership…
Offshore Threat Detection Prevents Operational Downtime
Offshore threat detection cannot simply be about security; it also has to focus on identifying and mitigating the risk of operational downtime. This market-led reality is reflected…
