Schlumberger Takes Major Impairments Hit

October 18, 2019

Schlumberger has seen red in the third quarter 2019 on major impairments on goodwill and assets. The oilfield services giant recognized Q3 2019 loss of close to $11.4 billion, or $8.22 per share, on...

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IKM Scoops Up Johan Sverdrup Phase 2 Project

November 15, 2019

IKM Ocean Design has been awarded Johan Sverdrup Phase 2 pipeline and umbillical detail engineering contract. The contract is a continuation of IKM Ocean Designs long-term involvement in the Johan...

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Ocean Infinity Mobilises Normand Frontier

November 15, 2019

Ocean Infinity has launched its third vessel – the Normand Frontier. The vessel has now been mobilised, having been signed on a three-year year charter with the Norwegian ship owner Solstad...

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Shawcor Inks LoI with Saipem for Payara Project

November 15, 2019

Shawcor’s pipe coating division has entered into a letter of intent with Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana. The coating value of...

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