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 Oil prices grow on expectations from OPEC meeting http://www.offshore-technology.com/news/newsoil-prices-grow-on-expectations-from-opec-meeting-5878316 http://www.offshore-technology.com/news/newsoil-prices-grow-on-expectations-from-opec-meeting-5878316 Oil prices have improved ahead of a key meeting of OPEC members with other major oil producing nations scheduled next week. Thu, 20 Jul 2017 23:00:00 GMT Griffon Hoverwork to conduct oil spill study in Caspian Sea http://www.offshore-technology.com/news/newsgriffon-hoverwork-to-conduct-oil-spill-study-in-caspian-sea-5877723 http://www.offshore-technology.com/news/newsgriffon-hoverwork-to-conduct-oil-spill-study-in-caspian-sea-5877723 UK firm Griffon Hoverwork has signed an agreement with Kazakh state oil company KazMunayGas subsidiary KMGSS to clear oil spills and support offshore rigs in the Caspian Sea using hovercraft. Thu, 20 Jul 2017 23:00:00 GMT Deals this week: Centrica, YPF, ExxonMobil http://www.offshore-technology.com/news/newsdeals-this-week-centrica-ypf-exxonmobil-5877739 http://www.offshore-technology.com/news/newsdeals-this-week-centrica-ypf-exxonmobil-5877739 Centrica plc and Bayerngas Norge AS have agreed to form a joint venture (JV) to accelerate and increase existing cost-saving programmes, while optimising the joint portfolio. Thu, 20 Jul 2017 23:00:00 GMT Dana Gas selects AGR software for Egypt offshore exploration http://www.offshore-technology.com/news/newsdana-gas-selects-agr-software-for-offshore-exploration-in-egypt-5877701 http://www.offshore-technology.com/news/newsdana-gas-selects-agr-software-for-offshore-exploration-in-egypt-5877701 UAE-based company Dana Gas has signed software as a service (SaaS) contract to use AGR’s latest version of P1 software for deepwater exploration off the coast of Egypt. Thu, 20 Jul 2017 23:00:00 GMT Oil prices remain stable as fuel stocks in US decline http://www.offshore-technology.com/news/newsoil-prices-remain-stable-as-fuel-stocks-in-us-decline-5876944 http://www.offshore-technology.com/news/newsoil-prices-remain-stable-as-fuel-stocks-in-us-decline-5876944 Oil prices have remained steady as crude inventories in the US dropped, according to Reuters. Wed, 19 Jul 2017 23:00:00 GMT Ichthys LNG Project’s FPSO sets sail to Australia http://www.offshore-technology.com/news/newsichthys-lng-projects-fpso-sets-sail-to-australia-5876297 http://www.offshore-technology.com/news/newsichthys-lng-projects-fpso-sets-sail-to-australia-5876297 Ichthys Venturer, a floating production, storage and offloading (FPSO) vessel, has departed Okpo, South Korea and started sailing towards the Ichthys gas / condensate field near the shores of Western Australia. Wed, 19 Jul 2017 23:00:00 GMT IOG submits development plan for Blythe and Elgood offshore fields http://www.offshore-technology.com/news/newsiog-submits-field-development-plan-for-blythe-elgood-offshore-fields-5876280 http://www.offshore-technology.com/news/newsiog-submits-field-development-plan-for-blythe-elgood-offshore-fields-5876280 Independent Oil and Gas has submitted the field development plan (FDP) to the UK Oil and Gas Authority (OGA) for its Blythe Hub, which hosts the Blythe and Elgood fields in the UK's Southern North Sea. Wed, 19 Jul 2017 23:00:00 GMT GE and Maersk Drilling extends partnership to cut well costs http://www.offshore-technology.com/news/newsge-marine-and-maersk-drilling-extend-digital-partnership-to-reduce-drilling-costs-5874564 http://www.offshore-technology.com/news/newsge-marine-and-maersk-drilling-extend-digital-partnership-to-reduce-drilling-costs-5874564 GE Marine and Maersk Drilling have agreed to extend their digital partnership following a successful pilot project to reduce well expenditure.   Tue, 18 Jul 2017 23:00:00 GMT Sofec to supply turret mooring system for Mozambique’s offshore gas project http://www.offshore-technology.com/news/newssofec-contracted-to-supply-turret-mooring-system-for-offshore-gas-project-in-mozambique-5874684 http://www.offshore-technology.com/news/newssofec-contracted-to-supply-turret-mooring-system-for-offshore-gas-project-in-mozambique-5874684 Modec Group company Sofec has secured a contract from the TechnipFMC and JGC joint venture (JV) to supply the Turret Mooring System for Coral South Project in offshore Mozambique.  Tue, 18 Jul 2017 23:00:00 GMT Oil prices fall on rising US stocks and OPEC output http://www.offshore-technology.com/news/newsoil-prices-slip-on-rising-us-stocks-and-opec-output-5875643 http://www.offshore-technology.com/news/newsoil-prices-slip-on-rising-us-stocks-and-opec-output-5875643 Oil prices have fallen after reports of an increase in US crude stocks and continuous higher output from OPEC producers despite the ongoing output-cut deal. Tue, 18 Jul 2017 23:00:00 GMT Statoil makes gas discovery in Barents Sea http://www.offshore-technology.com/news/newsstatoil-makes-gas-discovery-in-barents-sea-5873587 http://www.offshore-technology.com/news/newsstatoil-makes-gas-discovery-in-barents-sea-5873587 Statoil and partners Eni and Petoro have made a minor gas discovery in the Blåmann well between Snøhvit and Goliat fields in the Barents Sea off the Norwegian coast.   Mon, 17 Jul 2017 23:00:00 GMT Equatorial Guinea and Cameroon to develop offshore gasfields http://www.offshore-technology.com/news/newsequatorial-guinea-cameroon-to-jointly-develop-offshore-gas-fields-5873605 http://www.offshore-technology.com/news/newsequatorial-guinea-cameroon-to-jointly-develop-offshore-gas-fields-5873605 The governments of Equatorial Guinea and Cameroon have agreed to jointly develop two contiguous gas discoveries near the countries' maritime border.  Mon, 17 Jul 2017 23:00:00 GMT Oil prices remain stable over balanced supply and demand http://www.offshore-technology.com/news/newsoil-prices-remain-stable-over-balanced-demand-supply-5874001 http://www.offshore-technology.com/news/newsoil-prices-remain-stable-over-balanced-demand-supply-5874001 Oil markets have remained steady as global oversupplies from increased US production and OPEC surpluses were balanced by demand. Mon, 17 Jul 2017 23:00:00 GMT OGA awards 12 offshore licences to ten companies http://www.offshore-technology.com/news/newsoga-awards-12-offshore-licenses-to-ten-companies-5871885 http://www.offshore-technology.com/news/newsoga-awards-12-offshore-licenses-to-ten-companies-5871885 The UK Oil and Gas Authority (OGA) has awarded 12 licences to a total of ten companies in the 2016 Supplementary Offshore Licensing Round. Sun, 16 Jul 2017 23:00:00 GMT Exxon Mobil signs PSC for Block 59 in offshore Suriname http://www.offshore-technology.com/news/newsexxon-mobil-signs-psc-for-block-59-offshore-suriname-5871859 http://www.offshore-technology.com/news/newsexxon-mobil-signs-psc-for-block-59-offshore-suriname-5871859 ExxonMobil Exploration and Production Suriname has signed a production sharing contract (PSC) with Staatsolie Maatschappij Suriname to acquire Block 59, off the South American country's coast. Sun, 16 Jul 2017 23:00:00 GMT Oil prices improve over signs of fall in US output http://www.offshore-technology.com/news/newsoil-prices-improve-over-signs-of-fall-in-us-output-5872434 http://www.offshore-technology.com/news/newsoil-prices-improve-over-signs-of-fall-in-us-output-5872434 Oil prices have improved due to reports of a slowdown in the growth of rigs in the US, along with strong refinery demand from China. Sun, 16 Jul 2017 23:00:00 GMT Van Oord to provide rock placement services for Nord Stream 2 project http://www.offshore-technology.com/news/newsvan-oord-to-provide-rock-placement-services-for-nord-stream-2-project-5870909 http://www.offshore-technology.com/news/newsvan-oord-to-provide-rock-placement-services-for-nord-stream-2-project-5870909 Van Oord has signed a letter of intent (LoI) worth €250m in joint venture with Boskalis to provide rock placement services for the Nord Stream 2 project. Thu, 13 Jul 2017 23:00:00 GMT NOC gains operatorship of Al-Shaheen oilfield offshore Qatar http://www.offshore-technology.com/news/newsnoc-to-take-over-operatorship-of-al-shaheen-oil-field-offshore-qatar-5870835 http://www.offshore-technology.com/news/newsnoc-to-take-over-operatorship-of-al-shaheen-oil-field-offshore-qatar-5870835 Total and Qatar Petroleum partnership North Oil Company (NOC) is set to take over operatorship of the Al-Shaheen offshore oilfield, Qatar. Thu, 13 Jul 2017 23:00:00 GMT Deals this week: Statoil, Shell Offshore http://www.offshore-technology.com/news/newsdeals-this-week-statoil-shell-offshore-5870748 http://www.offshore-technology.com/news/newsdeals-this-week-statoil-shell-offshore-5870748 Statoil ASA has agreed to acquire a 10% stake in BM-S-8 licence in Brazil from QGEP Participacoes SA for $379m. Thu, 13 Jul 2017 23:00:00 GMT Oil prices drop due to increased fuel inventories http://www.offshore-technology.com/news/newsoil-prices-decline-over-increased-inventories-of-fuel-5871057 http://www.offshore-technology.com/news/newsoil-prices-decline-over-increased-inventories-of-fuel-5871057 Oil prices have fallen amid increased inventories of fuel, as well as due to improving industry efficiency. Thu, 13 Jul 2017 23:00:00 GMT