Offshore - Oil & Gas

  • Keppel Offshore & Marine secures $130m...

    Two units of Keppel Offshore & Marine (O&M) have won contracts worth a combined value of about $130 million from repeat customers for work on production units that will extract oil and gas from offshore fields.

  • Off-shore gas pipeline deal to be signed between...

    Pakistan and Russia have reached an understanding to sign a multi-billion dollar offshore gas pipeline deal in a couple of weeks, ignoring pressure from the United States that has fiercely opposed the building of Iran-Pakistan (IP) gas pipeline for years.

  • Statoil Greenlights Arctic Offshore Oil Project

    Statoil has given the green light to the biggest offshore project of 2017, a $6 billion development in the Barents Sea called Johan Castberg. The field is believed to hold about 450-650 million barrels of oil, which would be a significant boost to the Norwegian state oil company's portfolio.

  • Exxon Eyes Egypt's Offshore Oil and Gas

    Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals' success in the country and boost its reserves, officials and industry sources said.

  • DUC partners approve the largest ever Danish...

    Maersk Oil is pleased to announce that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Danish Parliament’s approval to implement legislation to secure the investment.

  • ADSB successfully expands into oil and gas...

    Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, announced today that it has expanded its services portfolio to the oil and gas industry. This is the company’s first foray outside of the naval, marine and defense sector, as it opens up to opportunities beyond its traditional industries of focus.

  • Suncor Energy announces 2018 capital program and...

    Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.

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Global Marine Group announces new offshore business unit

The Global Marine Group (GMG), a market leader in offshore engineering services to the telecommunications, renewables and oil & gas industries, announced today the launch of Global Offshore, a new business unit that will deliver trenching and power cable laying services to the oil & gas sector. 

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Petrogress, Inc. Announces Joint Venture with International Marine Fleet & Offshore Support Provider

Petrogress, Inc. (OTC:PGAS) announces that its Petrogress Int’l, LLC (“PIL”) subsidiary has entered into a Memorandum of Understanding (“MOU”) with EDT Agency Services, Ltd. (“EDT Offshore”) to combine the companies’ operations at the Port of Limassol and additional port facilities in Cyprus.  The MOU covers shorebase and offshore support services from the Port of Limassol, as well as future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for a US$300 million industrial and energy harbor.   The joint operations will be conducted under PIL’s PG Cypyard & Offshore Terminal Services Ltd. (“PGC”).   

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