WFS Technologies wins two OTC awards for subsea work
WFS won the Small Business Spotlight on New Technology® Award for both its Seatooth SmartClamp and its Subsea Cloud Computing Network innovations.
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WFS won the Small Business Spotlight on New Technology® Award for both its Seatooth SmartClamp and its Subsea Cloud Computing Network innovations.
US production of 616 000 bpd will be shut during May and 655 000 bpd during June as a result of the supply-demand imbalance that the Covid-19 pandemic has created, according to a Rystad Energy analysis.
The one millionth transfer took place during a project with Halul Offshore Services Company W.L.L.
The Finnish company was given the award for its Liquid In-Tank Inspection (LITI) product.
Hess has reported a net loss of US$2433 million, or US$8.00 per common share, in 1Q20.
Demand for umbilical lines is expected to fall by 32% to just 713 km of lines in 2020, down from 1041 km last year.
The ocean bottom nodes survey was carried out in the North West El Amal block, offshore Egypt.
On Thursday morning oil prices continued to see their earlier gains trimmed further for a second day, as the global oversupply persists despite the cuts that are already in place.
Apache reported a loss of US$4.5 billion or US$11.86 per diluted common share during 1Q20.
The company has reported a net loss attributable to Murphy of US$416 million in 1Q20.
The two three-year renewals are worth a combined total of more than US$100 million.
The contract will cover the Subsea, Umbilicals, Risers and Flowlines (SURF) work on Phase 1 of Independent Oil and Gas's Core gas project in the UK Southern North Sea.