New News information at Offshore Technology New and updated information from News listed on www.offshore-technology.com http://www.offshore-technology.com/ en-us http://www.offshore-technology.com/ New News information at Offshore Technology http://www.offshore-technology.com/content/images/logo_big.gif PT Australasia LNG Indonesia selects Arup to develop LNG terminal http://www.offshore-technology.com/news/newspt-australasia-lng-indonesia-selects-arup-to-develop-lng-terminal-5688743 http://www.offshore-technology.com/news/newspt-australasia-lng-indonesia-selects-arup-to-develop-lng-terminal-5688743 Engineering and consulting firm Arup has been selected by PT Australasia LNG Indonesia (AALNG) to assist in the development of a new 2.4 million tonne per annum MTPA liquefied natural gas (LNG) terminal in Indonesia. Tue, 06 Dec 2016 00:00:00 GMT Statoil starts production drilling on Mariner field in North Sea http://www.offshore-technology.com/news/newsstatoil-starts-production-drilling-on-mariner-field-in-north-sea-5688235 http://www.offshore-technology.com/news/newsstatoil-starts-production-drilling-on-mariner-field-in-north-sea-5688235 Norwegian oil and gas company Statoil has commenced production drilling on the Mariner field located in the UK North Sea. Tue, 06 Dec 2016 00:00:00 GMT Oil prices decline again as global production increases http://www.offshore-technology.com/news/newsoil-prices-slip-again-as-global-production-increases-5688954 http://www.offshore-technology.com/news/newsoil-prices-slip-again-as-global-production-increases-5688954 Oil prices fell on Tuesday trading after crude production increased from most of the oil-exporting regions worldwide. Tue, 06 Dec 2016 00:00:00 GMT BP approves Mad Dog Phase 2 project in Gulf of Mexico http://www.offshore-technology.com/news/newsbp-approves-mad-dog-phase-2-project-in-gulf-of-mexico-5686485 http://www.offshore-technology.com/news/newsbp-approves-mad-dog-phase-2-project-in-gulf-of-mexico-5686485 BP has approved the Mad Dog Phase 2 project located in the Gulf of Mexico, underlining the company’s commitment in the US, despite the present low oil price environment. Mon, 05 Dec 2016 00:00:00 GMT Oil prices reach $55 as OPEC decides to cut production http://www.offshore-technology.com/news/newsoil-prices-reaches-55-as-opec-decides-to-cut-production-5687759 http://www.offshore-technology.com/news/newsoil-prices-reaches-55-as-opec-decides-to-cut-production-5687759 Oil prices reached $55 after OPEC members agreed to cut production last week. This is the highest price in the last sixteen months. Mon, 05 Dec 2016 00:00:00 GMT Wipro secures IT infrastructure contract from Australian oil and gas company Woodside http://www.offshore-technology.com/news/newswipro-secures-it-infrastructure-contract-from-australian-oil-and-gas-company-woodside-5686534 http://www.offshore-technology.com/news/newswipro-secures-it-infrastructure-contract-from-australian-oil-and-gas-company-woodside-5686534 Wipro Limited was awarded a three year IT infrastructure services and digital transformation contract by Woodside, an Australian oil and gas company. Mon, 05 Dec 2016 00:00:00 GMT DNV GL secures frame agreement from Aker BP http://www.offshore-technology.com/news/newsdnv-gl-secures-frame-agreement-from-aker-bp-5685252 http://www.offshore-technology.com/news/newsdnv-gl-secures-frame-agreement-from-aker-bp-5685252 Oil and gas company Aker BP has awarded a new frame agreement to DNV GL. Fri, 02 Dec 2016 00:00:00 GMT Oda field development plan sent to Norwegian Ministry of Petroleum and Energy http://www.offshore-technology.com/news/newsoda-field-development-plan-submitted-to-norewegian-ministry-of-petroleum-and-energy-5685270 http://www.offshore-technology.com/news/newsoda-field-development-plan-submitted-to-norewegian-ministry-of-petroleum-and-energy-5685270 UK-based Faroe Petroleum has announced that the licence partners of Oda field have submitted the plan of development and operation (PDO) to Norway's Ministry of Petroleum and Energy. Fri, 02 Dec 2016 00:00:00 GMT Deals this week: Shell, BP, Eni http://www.offshore-technology.com/news/newsdeals-this-week-royal-dutch-shell-bp-eni-5685886 http://www.offshore-technology.com/news/newsdeals-this-week-royal-dutch-shell-bp-eni-5685886 Shell has agreed to acquire gas assets in offshore Trinidad and Tobago from Centrica plc for an initial consideration of $30m. Fri, 02 Dec 2016 00:00:00 GMT Oil prices steady at around $50 following OPEC decision to cut output http://www.offshore-technology.com/news/newsoil-prices-steady-at-around-50-following-opec-decision-to-cut-output-5685173 http://www.offshore-technology.com/news/newsoil-prices-steady-at-around-50-following-opec-decision-to-cut-output-5685173 Oil prices have reached $50 per barrel on after OPEC decided to cut production at its meeting in Vienna held yesterday. Thu, 01 Dec 2016 00:00:00 GMT Energean gains exploitation licence for West Katakolon block, offshore Greece http://www.offshore-technology.com/news/newsenergean-receives-exploitation-licence-for-west-katakolon-block-offshore-greece-5683894 http://www.offshore-technology.com/news/newsenergean-receives-exploitation-licence-for-west-katakolon-block-offshore-greece-5683894 Greece's Ministry of Energy has agreed to convert Energean Oil and Gas's exploration permit for the West Katakolon offshore field into a 25-year exploitation licence. Thu, 01 Dec 2016 00:00:00 GMT GustoMSC showcases new Scylax drillship design http://www.offshore-technology.com/news/newsgustomsc-unveils-scylax-drillship-design-5683910 http://www.offshore-technology.com/news/newsgustomsc-unveils-scylax-drillship-design-5683910 Netherlands-based design and engineering company GustoMSC has unveiled a new drillship design, Scylax. Thu, 01 Dec 2016 00:00:00 GMT Hurricane Energy signs agreement to use Aoka Mizu FPSO at Lancaster field http://www.offshore-technology.com/news/newshurricane-energy-signs-agreement-to-use-aoka-mizu-fpso-at-lancaster-field-5682866 http://www.offshore-technology.com/news/newshurricane-energy-signs-agreement-to-use-aoka-mizu-fpso-at-lancaster-field-5682866 UK-based oil exploration company Hurricane Energy has signed a heads of terms deal with Bluewater Energy Services to use Aoka Mizu Floating Production Storage and Offloading Vessel (FPSO) on Lancaster field, west of Shetland. Wed, 30 Nov 2016 00:00:00 GMT Oil prices grow over hopes of production cut http://www.offshore-technology.com/news/newsoil-prices-grow-over-hopes-of-production-cut-5683737 http://www.offshore-technology.com/news/newsoil-prices-grow-over-hopes-of-production-cut-5683737 Oil prices have risen by 7% as producers meet in Vienna today and may reach a deal on reducing oil production to support prices. Wed, 30 Nov 2016 00:00:00 GMT BP gains stakes in two exploration prospects in North Sea http://www.offshore-technology.com/news/newsbp-acquires-interest-in-jock-scott-and-craster-exploration-prospects-in-north-sea-5682837 http://www.offshore-technology.com/news/newsbp-acquires-interest-in-jock-scott-and-craster-exploration-prospects-in-north-sea-5682837 BP has acquired interests in North Sea exploration prospects Jock Scott and Craster. Wed, 30 Nov 2016 00:00:00 GMT Far and Senegal joint venture partners to begin drilling in SNE oilfield http://www.offshore-technology.com/news/newsfar-and-senegal-joint-venture-partners-to-commence-drilling-in-sne-oil-field-5681929 http://www.offshore-technology.com/news/newsfar-and-senegal-joint-venture-partners-to-commence-drilling-in-sne-oil-field-5681929 Far Ltd and its Senegal joint venture partners have agreed to perform a drilling programme in SNE oilfield in offshore Senegal. Tue, 29 Nov 2016 00:00:00 GMT Oil prices fall on doubts over OPEC production cut decision http://www.offshore-technology.com/news/newsoil-prices-fall-on-doubts-over-opec-production-cut-decision-5682531 http://www.offshore-technology.com/news/newsoil-prices-fall-on-doubts-over-opec-production-cut-decision-5682531 Oil prices have fallen amid increasing concerns that prominent fuel exporters may not reach an agreement to reduce oil output in the meeting scheduled for tomorrow. Tue, 29 Nov 2016 00:00:00 GMT Eni sells 10% stake of Zohr gas field, offshore Egypt http://www.offshore-technology.com/news/newseni-sells-10-stake-of-zohr-gas-field-offshore-egypt-5681913 http://www.offshore-technology.com/news/newseni-sells-10-stake-of-zohr-gas-field-offshore-egypt-5681913 Italian oil and gas company Eni has agreed to sell its 10% participating interest in the Shorouk Concession to BP. Tue, 29 Nov 2016 00:00:00 GMT Oil prices gain over prospects of production cuts http://www.offshore-technology.com/news/newsoil-prices-inch-higher-over-prospects-of-production-cuts-5681268 http://www.offshore-technology.com/news/newsoil-prices-inch-higher-over-prospects-of-production-cuts-5681268 Oil prices have recovered after dropping by around 2% in early trading as the market is struggling with prospects that major producers will agree to production cuts to control the global glut. Mon, 28 Nov 2016 00:00:00 GMT Providence Resources signs contract for Stena IceMAX drill-ship http://www.offshore-technology.com/news/newsprovidence-resources-signs-contract-for-stena-icemax-drill-ship-5678999 http://www.offshore-technology.com/news/newsprovidence-resources-signs-contract-for-stena-icemax-drill-ship-5678999 Ireland-based oil and gas company Providence Resources has signed a contract with Stena Drillmax Ice Limited for use of its Stena IceMAX drill-ship. Mon, 28 Nov 2016 00:00:00 GMT