Oil & gas news

The agreement, valid for 6 years, covers engineering, procurement, fabrication, transportation and installation of offshore facilities for the development of Saudi Aramco’s offshore projects.

The contract will be performed over an approximately two-year period, with warranty and logistic support continuing for an additional 10 years.

The latest developments have lifted the value of contract wins to RM9.3 billion for its current financial year.

Ready Bearing has been serving customers in Texas, New Mexico, Arizona, Oklahoma, and Kansas since 1978.

The company, which has doubled its workforce in the past 12 months, became part of Tekmar Group plc in June 2018.

The Aberdeen-based firm is investing in the region of £36 million in the trio of new builds, which will come into service by the end of 2020.

The company has announced updates on changes of the contract for the 3D survey in South America announced November 14, 2018.

The Stena Carron drillship is drilling the well, which is located 19 miles (31 km) east of the Pluma-1 discovery in the southeast Stabroek Block.

The recently launched XLe Spirit is the first observation-class ROV to utilise Forum’s Integrated Control Engine (ICE™) to bring greater functionality commonly only found in larger work-class vehicles.

The award is a follow-up on the feasibility study completed by Penspen in July 2018.