Oil & gas news

Regional offshore oil and gas services have never been better placed with the technical expertise and experience to support a returning North Sea sector, says Joe Orrell, managing director at engineering services firm RED Engineering.

The collapse of oil prices has taken a toll on foreign direct investment (FDI), export revenue and government revenues in Colombia, forcing action to be taken to relieve budgetary pressure and maintain natural gas self-sufficiency.

The new company is the first and only to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development.

Fugro has been awarded a two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance services in Brazil.

Total E&P has awarded Odfjell Drilling a contract to drill a well with a semisubmersible.

Cairn Energy has selected Cairn Energy PLC to provide project management and technical assistance during field development surveys offshore Senegal.

BP has awarded Add Energy a maintenance build contract for its Angelin gas field.

COSL Drilling Europe AS’ COSLPioneer is set to carry out plugging and abandonment work at the Ettrick and Blackbird fields in UK.

Saipem has been awarded an offshore engineering and construction contract by Saudi Aramco.

Statoil’s Gina Krog has now begun producing, according to the Norwegian Petroleum Directorate.