Oil And Gas Market News

Diego Baraldi is C-Kore's new South American sales manager (Photo: C-Kore Systems)

Baraldi Joins C-Kore Systems

wishes of the South American market, in simplifying and reducing the cost of subsea operations,” Baraldi said.Tim Overfield, Managing Director of C-Kore Systems, said,, “As the interest of C-Kore equipment spreads worldwide, Diego’s knowledge and contacts within the South American oil and gas market will be invaluable in bringing our cost-saving technology to new customers in the area.&rdquo

(Photo: OPT)

OPT Inks Deal with US Operator

and intervention during well plugging and abandonment activities. Our PowerBuoy eliminates the need for expensive on-site vessels by offering a clean and renewable solution while allowing operations remotely from onshore. We believe these high-tech solutions will be game changers in the offshore oil and gas market.”OPT said the contract includes the terms and conditions under which all future work with this customer will be conducted, including all product and service warranties. In order to sign the deal, OPT said it was required to achieve significant health, safety and environmental milestones

Fugro CEO Mark Heine (Photo: Fugro)

Fugro Sees Margin Improvement in 2019

to deliver positive cash flow from operating activities after investments."Excluding the impact of increased working capital, cash flow was break-even, a significant improvement compared to 2017," the company said in a statement."We have benefited from the gradual recovery of the oil and gas market and the ongoing expansion of offshore wind," added CEO Mark Heine.As offshore wind, oil and gas and infrastructure markets continue to grow, the company expects positive cash flow from operating activities after investments in 2019.For 2019, Fugro also sees continued revenue growth and

Decommissioning. Image: James Fisher Offshore

JFO, First Subsea Team for Decommissioning

and demolition capability and we are rapidly growing into the world’s largest equipment and service provider to this market."“This collaboration with First Subsea strengthens our offering and exemplifies our strategy of bringing new innovative technology to the complex oil and gas market – with the potential to service other industries, including offshore wind and transport,” Jack added.Designed with the oil and gas industry’s decommissioning projects in mind, ICLT offers a simple solution that streamlines the number of contractors, operations and personnel

Sistac  Diver ready for action. Photo Sistac

SISTAC: Brazil´s Homegrown Subsea Service Provider

search for efficiency. We will work very hard on these themes to continue in our trajectory of growth,” said Gutterres. According to Marcos Passos, Commercial Director and of Sistac’s New Businesses, the economic crisis and political context of Brazil negatively influenced the oil and gas market and many companies have suffered this impact.Even with this turbulent scenario, Sistac remained stable and managed to extend three contracts with Petrobras: services such as industrial climbing, diving contracts and implementing services with divers and ROV with support from Sistac Esperanç

(Photo: Fugro)

Fugro Q3 Revenue Jumps

Dutch deep-sea prospector Fugro has reported a 29.1 percent rise in third-quarter revenue on a comparable basis, driven by the expansion of offshore wind developments and a recovery in the global oil and gas market.Rising oil prices have helped Fugro by making it more economic to prospect for the hard-to-reach subsea deposits in which it specializes."In our early cyclical marine site characterisation activities we are experiencing sharp growth and improving prices, resulting in strongly improved profitability," Chief Executive Mark Heine said in a statement on Friday.Third-quarter revenue

Photo: James Fisher

James Fisher Bolsters Middle East Capabilities

James Fisher and Sons plc (James Fisher) is bolstering its offering in the Middle East (ME) with the addition of further subsea-focused capabilities to strengthen its position and enable it to support the fast-growing oil and gas market.The deployment of a significant range of additional capabilities, including dedicated specialist equipment to support offshore construction, IRM and decommissioning services, will enable customers to benefit from a fast, local response. This combined regional capability will provide total subsea engineering solutions that draw upon James Fisher’s established

(File photo courtesy Fugro)

Fugro H1 Profit Boosts Shares

margin turned positive this first half, mainly as a result of a significant improvement in the marine division."In the second quarter, revenue growth increased substantially driven by strong growth in offshore wind, growth in the building and infrastructure market and a gradually recovering oil and gas market."The company said it expects positive cash flow from operating activities in 2018.The oil services industry took a big hit from a crash in oil prices that started in 2014, but with prices having more than doubled from 2016 lows and set to hold steady into 2019, the outlook is more favorable

Unique Group Enters into West Africa JV

a joint venture (JV) with Nigeria-based Charkin Maritime & Offshore Safety Ltd, a professional training company for the maritime and offshore oil and gas industries.The newly formed JV, Unique Charkin System Ltd, based out of Port Harcourt in Nigeria, offers a full range of support to the oil and gas market in Nigeria and will further extend services into Sub-Saharan Africa.Although already active in the region for some time, the partnership creates a dedicated office for Unique Group in the region, bringing enhanced accessibility and reduced response time for customers. Unique Group’s divisions

Antony Croston (Photo: Trelleborg)

Interview: Antony Croston, Trelleborg Offshore

. The newly formulated compound allows for manufacturing processes such as extrusion and press molding that could not be done previously, enabling us to better support our customer’s project needs and reduce both costs and lead time.(Photo: Trelleborg)When you look at today’s offshore oil and gas market, where do you see Trelleborg’s best opportunities for growth?Our best opportunities for growth have been when we’ve aligned ourselves with our customers’ needs, and we see this only getting more important moving forward. All companies today are looking for ways to reestablish

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