Oil & gas news
McDermott starts Chapter 11 process
The company has reached an agreement with creditors that will equitise nearly all of its funded debt.
Wood extends unconventional gas programme contract with Saudi Aramco
Wood will continue to work with Saudi Aramco to develop engineering design and implementation strategies to produce and deliver gas from shale and tight gas reservoirs.
DNV GL research finds decreasing confidence in industry growth for 2020
According to research published by DNV GL, two thirds (66%) of senior oil and gas professionals are confident of industry growth in 2020, down 10 percentage points from the 76% recorded in 2019 – the peak of a surge in confidence from a low of only 32% in 2017.
Oil Plus to develop FEED study for North Africa water disposal and injection system
The contract award is part of a total of £4 million in new business for the oil and gas consultancy.
Lamprell and IMI to build jack-up drilling units
The two rigs will be built collaboratively between IMI and Lamprell, with Lamprell’s share of project value amounting to circa US$350 million.
Gulf Marine Services awarded maintenance contract by Middle East NOC
The contract for the unnamed NOC will be undertaken by the company's new Maintenance Services Division.
Africa Energy provides update on exploration activities
The company has announced that the Luiperd-1 well in block 11B/12B offshore South Africa is due to spud in 2Q20.
SOFEC to provide external turret mooring system for Sangomar field
The external turret is for a FPSO vessel which will be deployed in the Sangomar oil blocks located offshore Senegal.
Polarcus begins Cygnus survey offshore Australia
The 3D survey is taking place in the Vulcan Sub-basin, offshore north-west Australia.
Streamlining system management
Alan Conboy, Scale Computing, reports on how the energy sector can streamline IT management with edge computing and HCI.