Upstream news

Since its last report Transocean added approximately US$373 million in contract backlog, bringing total backlog to US$12.1 billion.

Over the last 15 years, the adoption of digital oilfields has gained impetus due to advancements in technologies for sensing, automation, connectivity and data analytics, according to GlobalData.

The oilfield services provider recorded revenue of US$7.9 billion in 1Q19, a decrease of 4% sequentially but a 1% increase y/y.

The contract between the two companies, which began in March 2016, has been extended for a further five years.

The company has signed an exploration and production sharing agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agreement.

Paul Helmore will oversee all aspects of the group’s commercial activities, ensuring that it fully realises the commercial potential of its three vessel fleet.

The company’s wholly-owned subsidiaries, Keppel Shipyard Ltd and Keppel FELS Limited, secured two new integration and upgrading contracts.

The company has been awarded a contract for the provision of rental equipment services and associated consumable purchases with Spirit Energy.

The new release is an enterprise software platform providing real-time monitoring and control of people, environments, assets and reputation.

The joint venture COOEC-Fluor Heavy Industries Co., Ltd. (COOEC-Fluor) fabrication yard has completed the central and wellhead platforms for CNOOC’s Dongfang 13-2 gas fields development project.