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News 01.05.2021

ADES International to become private

ADES International announced an unconditional cash offer by Innovative Energy Holding Ltd

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News 02.04.2021

Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030

Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030

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News 01.04.2021

$110MM in Onshore Work Goes to KCA Deutag

KCA Deutag reported Monday that its Land Drilling business has secured approximately $110 million in new business in Pakistan, Russia, Kurdistan, southeastern Europe, and Germany.

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News 01.04.2021

Fugro to sell Seabed Geosolutions to PXGEO Seismic Services

Dutch geological survey firm Fugro has agreed to divest certain assets of its non-core subsidiary Seabed Geosolutions PXGEO Seismic Services (PXGEO) in a cash deal worth $16m.

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News 29.03.2021

Why Don’t OSVs Get Scrapped?

he OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown

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News 29.03.2021

Petronas Hires Velesto Jack-Up Rig Duo

Malaysian drilling contactor Velesto Drilling has won two offshore drilling rig contracts with Petronas Carigali.

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News 28.03.2021

Almost 70 rigs are set to join crisis-stricken drilling sector

While a number of drilling executives, banks and analysts would like to see a considerable share of the world's drilling rigs be scrapped, a significant number of newbuilds are still waiting in the wings.

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News 26.03.2021

Steel costs force seamless pipe prices higher

Chinese seamless linepipe prices have jumped by $120 per tonne over the past month because of rising costs.

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News 26.03.2021

US OCTG market faces slow recovery in 2021

in 2020, shipments of OCTG and Line Pipe in US dropped by 49 & 50 % respectively

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News 24.03.2021

Drilling activity is set for two consecutive years of growth but will lag pre-pandemic levels

Rystad Energy expects around 54,000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels

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News 24.03.2021

Saipem get another $1B gig from Qatar Gas

Saipem awarded a new contract by Qatargas worth over 1 billion USD for the North Field Production Sustainability Pipelines Project

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News 11.03.2021

Offshore wind market set for record growth

Despite the COVID-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 GW at year-end, from 27.7 GW at the end of 2019, according to Rystad Energy.

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