Maersk’s new decommissioning business lands first gig
Maersk’s new offshore decommissioning business, Maersk Decom, has secured its first commercial contract. Perenco has booked the company to remove and recycle the subsea infrastructure of its Thames field in the UK North Sea. The project...Read more
Saipem CEO does not see clear signs of recovery yet
Saipem CEO Stefano Cao says he does not see clear signs of a recovery of the oil and gas market yet. The offshore contractor recorded a small profit of EUR 14 million over the first...Read more
Baker Hughes sees LNG orders increase by 32%
General Electric’s oil field services provider Baker Hughes beat expectations for the second quarter thanks to strong growth in the LNG market. The company booked USD 6.6 billion in orders and recorded an operating income...Read more
TechnipFMC’s orderbook skyrockets in second quarter
TechnipFMC has booked record inbound orders in the second quarter of 2019, with total company orders reaching a value of USD 11.2 billion. CEO Doug Pferdehirt contributes the success to TechnipFMC’s fully integrated EPCI solutions...Read more
Blue Water Shipping founder Kurt Skov hands over company
Blue Water Shipping founder Kurt Skov has transferred a large part of his shares in the company to his daughter Anne Skov, as he prepares to hand over the company to the next generation. Kurt...Read more
Van Oord and TechnipFMC win large LNG contract in Mozambique
Offshore contractors Van Oord and TechipFMC have been awarded a large EPCI contract for Anadarko’s Mozambique LNG project. The total contract value exceeds USD 1 billion. Van Oord and TechnipFMC are contracted for the engineering, procurement,...Read more
Pioneering Spirit removes another topside
The Pioneering Spirit has removed another platform topside. With a weight of 3,800 tons, the Valhall QP topside is the lightest one yet. The Valhall QP platform removal is the first job for Allseas under a...Read more
Blue Water readies for growth in Caspian region
Blue Water Shipping has expanded its presence in Kazakhstan with a new office in Atyrau. With the expansion, the company strengthens its presence in the Caspian region which is important for its oil and gas...Read more
First LNG cargo shipped from Shell’s Prelude project
Shell today announced that the first shipment of liquefied natural gas has sailed from its enormous Prelude FLNG production facility, that is located 475 kilometres North East of Broome in Western Australia, in a region...Read more