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Investment firm BWE buys Heerema's pipeline welding business
2019-05-23 - Illustration / Image source: BWE London-based private equity firm Blue Water Energy is buying Heerema Marine Contractors' Pipeline Technique Limited, a provider of pipeline welding, field joint coating, and spoolbase services to the energy industry. PTL is headquartered in Huntly, UK with additional worksites in the USA, ..
Total profit falls despite output growth
2019-04-26 - French oil and gas company Total recorded a 4 percent decrease in first quarter profit while its production grew by 9 percent.  Egina FPSO from a helicopter; Source: Atlantis Offshore Total on Friday posted an adjusted net profit of $2.8 billion for the first quarter of this year, a 4% decrease when compared to $2.9 bill..
Popular news, April 1 – 7, 2019
2019-04-07 - Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by more than 10.000 industry professionals daily. We had almost 9 million page views in 2018, with 2.4 million new u..
Total fires up second Kaombo FPSO offshore Angola
2019-04-02 - French oil company Total has started up production on Kaombo Sul, the second floating production storage and offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Luanda, Kaombo Sul; Source: Petrolis The FPSO is located in water depths ranging from 1,400 to 2,000 meters. As..
GranEnergia lands accommodation gig on Total project in Angola
2019-03-15 - Brazil's GranEnergia has been awarded a contract by Interoil for the provision of accommodation services in support of Total's Kaombo Sul hook-up and commissioning project offshore Angola.  GranEnergia said earlier this week it had entered into its second Angolan contract, deploying its DP3 compact semi-submersible accommoda..
Higher oil and gas output lifts Total profit
2019-02-07 - French oil and gas company Total booked an increase in the fourth quarter 2018 profit driven by higher oil and gas production and increase in prices.  Total’s Kaombo project / Image by Petrolis The oil company said on Thursday it had recorded an 11% increase in net income for 4Q 2018 which amounted to $1.13 billion, co..
Angola: Total's Kaombo offshore project officially inaugurated
2018-11-12 - The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total , Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo offshore project on Monday. Kaombo project / Image by: Petrolis Located 260 kilometers off..
Higher oil prices boost Total's 3Q profit
2018-10-26 - French oil major Total posted a 45 percent increase in the third quarter 2018 profit, boosted by higher production and oil prices. Total's Kaombo project / Image by Petrolis The company’s net profit was around $3.9 billion, up from $2.7 billion in the third quarter of 2017. Commenting on the results, Chairman and CEO..
Aker Solutions wins 5-year deal to support BP in Angola
2018-10-04 - Norwegian oilfield services provider Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance, and operations support for BP's Greater Plutonio and PSVM fields offshore Angola. Aker Solutions said on Thursday that the scope of work covers the supply of engineering, procurement, and..
Petrolis wins contract for Kaombo Sul FPSO hook-up and mooring
2018-09-24 - Offshore technical assistance company Petrolis has won a contract from Saipem for hook-up and mooring activities on Total's FPSO Kaombo Sul to be located on Block 32 off Angola. Source: Petrolis Petrolis said on Wednesday that the company was chosen for the hook-up and mooring of the FPSO Kaombo Sul (Kaombo South) by..