Technip in FPSO contract win
Subsea contracting major Technip with partner Techint have been awarded a "substantial contract" by PNBV (a Petrobras subsidiary) to support the construction of the P-76 production ship.
Subsea contracting major Technip with partner Techint have been awarded a "substantial contract" by PNBV (a Petrobras subsidiary) to support the construction of the P-76 production ship.
Engineering services firm Fugro warned today its first-half net profit will fall about 13% to about £85million on sales of £1billion.
Tullow Oil said that its financial position for the year to date was in line with expectations, with capital spending set to be around £1.3billion in 2013.
Exxon Mobil said yesterday it was starting work on the £2.6billion ($4billion) Julia development project in partnership with Norway's Statoil.
Apache Corporation said today it had found oil and gas after drilling three new discovery wells in Egypt's Western Desert.
Malaysian Petroliam Nasional (Petronas) said today it had agreed a $850million (£550million) deal with Brazil's OGX Petroleo e Gas for a 40% stake in a Brazilian offshore oil field.
Scottish business Balmoral Offshore Engineering (BOE) is targeting a worldwide market worth £20million a year with new equipment it has developed.
Energy service giant Wood Group said yesterday it had won a £12million contract for work in Iraq, one of the world's most hostile oil-producing nations.
International energy service giant Subsea 7 is about to expand its Houston presence.
Oil and gas firm EOG Resources said today its first-quarter earnings were up 53 % to £319million ($495million), as oil and gas output from the company's wells in the Eagle Ford formation in Texas helped push up production.
BP said today drilling had started at the Gila prospect near the firm's "giant" Tiber discovery in the Gulf of Mexico.
Norwegian group Kvaerner has warned of fierce competition from Asia after seeing its first quarter operating profit fall 40% to £9.6million.
Oil and gas operators have agreed to collaborate on meeting Greenlandic exploration rules in the north-west region of the country.
Petrofac Emirates has been awarded a contract by Zakum Development Company for the Upper Zakum, UZ750 field development in Abu Dhabi.
Lundin Petroleum said it would double production to 70,000 barrels of oil per day by the end of 2015 and boost that again when the giant Johan Sverdrup field comes on line as it posted quarterly results in line with expectations.
Oil and gas services firm Technip said today it had won a contract from Statoil for the removal and replacement of two oil-loading systems at the Gullfaks field in the Norwegian North Sea.
Oil and gas independent Cairn Energy said today it had bought in to two frontier licences west of Ireland in the Porcupine basin.
Mechanical engineering group EnerMech has spent more than £13million to increase its presence in the US and Mexico.
Flexlife is expanding into new premises in Houston.
A tax hike on Norway's oil and gas sector will likely lead to only a modest slowdown in activity in a overheating sector grappling with cost overruns and delays, industry players said today.
Oil major BP said today it had agreed to sell its 60% interest in the Polvo oil field in Brazil to Brazilian firm HRT for £87million.
French energy giant Total was awarded the Distinguished Achievement Award at the OTC 2013 show for its Pazflor deep offshore development.
After more than a year offline, Dar Petroleum said yesterday that production from its Palouge oilfield in South Sudan will reach production of up to 180,000 barrels per day within a month.
Oil and gas company BG Group said today it has signed a £1.24billion deal with China National Offshore Oil Corporation (CNOOC) for the sale of interests in the Queensland Curtis liquid natural gas (LNG) project in Australia.
Professional services firm Ernst &Young (E&Y) has said high oil prices are continuing to put pressure on some of the world’s largest oil and gas firms.