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 witness limited gain amid increasing US oil drilling http://www.offshore-technology.com/news/newsoil-prices-witness-limited-gain-amidst-increasing-us-oil-drilling-5744012 http://www.offshore-technology.com/news/newsoil-prices-witness-limited-gain-amidst-increasing-us-oil-drilling-5744012 Oil prices have started the week trading higher despite indications of increasing US drilling activity and record inventory that largely negated the impact of the OPEC-led output cut. Mon, 20 Feb 2017 00:00:00 GMT Lamprell delivers jackup rig to National Drilling Company in Abu Dhabi http://www.offshore-technology.com/news/newslamprell-delivers-eight-drilling-unit-to-abu-dhabis-ndc-5743038 http://www.offshore-technology.com/news/newslamprell-delivers-eight-drilling-unit-to-abu-dhabis-ndc-5743038 Diversified engineering and contracting service provider Lamprell has completed construction and delivery of the Al Hudairiyat jackup drilling rig to Abu Dhabi’s National Drilling Company (NDC). Mon, 20 Feb 2017 00:00:00 GMT CGG performs airborne gravity gradiometry survey in Bahrain http://www.offshore-technology.com/news/newscgg-completes-airborne-gravity-gradiometry-survey-in-bahrain-5743502 http://www.offshore-technology.com/news/newscgg-completes-airborne-gravity-gradiometry-survey-in-bahrain-5743502 Integrated geoscience company CGG has completed an airborne gravity gradiometry (AGG) survey in the Kingdom of Bahrain, on behalf of Bahrain Petroleum Company (Bapco). Mon, 20 Feb 2017 00:00:00 GMT Chariot Oil & Gas subsidiary gains 75% interest in Moroccan offshore licence http://www.offshore-technology.com/news/newschariot-oil-gas-subsidiary-receives-75-interest-in-moroccan-offshore-licence-5741881 http://www.offshore-technology.com/news/newschariot-oil-gas-subsidiary-receives-75-interest-in-moroccan-offshore-licence-5741881 Chariot Oil & Gas Investments has been awarded 75% interest and operatorship of the Kenitra Offshore Exploration Permit (Kenitra), Morocco. Fri, 17 Feb 2017 00:00:00 GMT JDR receives umbilical contract for offshore wells in India http://www.offshore-technology.com/news/newsjdr-receives-umbilical-contract-to-connect-offshore-wells-in-india-5742080 http://www.offshore-technology.com/news/newsjdr-receives-umbilical-contract-to-connect-offshore-wells-in-india-5742080 Subsea umbilicals and power cables firm JDR has received a major steel tube umbilical contract from Cameron for the 11 wells of Western Offshore project in India. Fri, 17 Feb 2017 00:00:00 GMT Oil price edges up as OPEC likely to extend output cut deal http://www.offshore-technology.com/news/newsoil-price-edges-up-as-opec-may-extend-output-cut-deal-5742743 http://www.offshore-technology.com/news/newsoil-price-edges-up-as-opec-may-extend-output-cut-deal-5742743 Oil prices have improved after a report stated that OPEC may extend the output-cut deal to reduce the global crude oversupply. Fri, 17 Feb 2017 00:00:00 GMT Deals this week: Petroleos Mexicanos, TAG Oil http://www.offshore-technology.com/news/newsdeals-this-week-petroleos-mexicanos-tag-oil-5742524 http://www.offshore-technology.com/news/newsdeals-this-week-petroleos-mexicanos-tag-oil-5742524 Petroleos Mexicanos (Pemex) has raised $1.85bn through a public offering of issuing 2.51% notes, due in August 2021. Fri, 17 Feb 2017 00:00:00 GMT Oil prices rise despite record rise in US stock http://www.offshore-technology.com/news/newsoil-prices-rise-despite-report-of-record-us-stock-5741480 http://www.offshore-technology.com/news/newsoil-prices-rise-despite-report-of-record-us-stock-5741480 Oil prices have witnessed a marginal increase though US crude and gasoline inventory increases causing a record high. Thu, 16 Feb 2017 00:00:00 GMT Mammoet completes P-76 FPSO platform module integration in Brazil http://www.offshore-technology.com/news/newsmammoet-completes-p-76-module-integration-5740510 http://www.offshore-technology.com/news/newsmammoet-completes-p-76-module-integration-5740510 Mammoet has successfully completed transportation and installation of modules for Technip-Techint consortium's P-76 FPSO platform at the Techint Offshore Unit in Pontal do Paraná, Brazil. Thu, 16 Feb 2017 00:00:00 GMT Wintershall submits Skarfjell field concept to Norwegian energy ministry http://www.offshore-technology.com/news/newswintershall-submits-skarfjell-field-development-concept-5740519 http://www.offshore-technology.com/news/newswintershall-submits-skarfjell-field-development-concept-5740519 Wintershall Norge has submitted the development concept of the North Sea's Skarfjell field to Norway's Ministry of Petroleum and Energy of in a 'decision to continue' (BOV) report. Thu, 16 Feb 2017 00:00:00 GMT New Zealand Oil and Gas accepts Tamarind's offer for 27.5% in Tui oilfield http://www.offshore-technology.com/news/newsnew-zealand-oil-and-gas-sells-275-interest-of-tui-field-to-tamarind-5739427 http://www.offshore-technology.com/news/newsnew-zealand-oil-and-gas-sells-275-interest-of-tui-field-to-tamarind-5739427 New Zealand Oil & Gas has agreed to sell its 27.5% interest in the Tui area oilfields off the coast of Taranaki after accepting an offer from Tamarind. Wed, 15 Feb 2017 00:00:00 GMT Oil prices fall as investors concerned over OPEC's long-term compliance http://www.offshore-technology.com/news/newsoil-prices-fall-again-as-investors-cast-doubt-over-opec-deal-compliance-term-5740285 http://www.offshore-technology.com/news/newsoil-prices-fall-again-as-investors-cast-doubt-over-opec-deal-compliance-term-5740285 Oil prices fell again over increasing doubt among investors that OPEC may not be able to sustain the agreed output-cut for long. Wed, 15 Feb 2017 00:00:00 GMT OPEC members mainly complying with output-cut deal http://www.offshore-technology.com/news/newsopec-members-largely-complies-with-output-cut-deal-5739419 http://www.offshore-technology.com/news/newsopec-members-largely-complies-with-output-cut-deal-5739419 All Organization of the Petroleum Exporting Countries (OPEC) members have largely complied with the deal signed last year to cut output in order to boost oil prices, according to a report released by the group. Wed, 15 Feb 2017 00:00:00 GMT BMT collaborates with GeoProspect to provide SEA advice in Israel http://www.offshore-technology.com/news/newsbmt-collaborates-with-geoprospect-to-provide-sea-advice-in-israel-5738447 http://www.offshore-technology.com/news/newsbmt-collaborates-with-geoprospect-to-provide-sea-advice-in-israel-5738447 BMT Cordah’s environmental experts have collaborated with consulting firm Geo-Prospect to provide independent expert advice and guidance to Israel’s Ministry of National Infrastructure, Energy and Water Resources. Tue, 14 Feb 2017 00:00:00 GMT Lundin Petroleum discovers oil at Filicudi prospect in Barents Sea http://www.offshore-technology.com/news/newslundin-petroleum-discovers-oil-in-filicudi-prospect-at-barents-sea-5738780 http://www.offshore-technology.com/news/newslundin-petroleum-discovers-oil-in-filicudi-prospect-at-barents-sea-5738780 Lundin Petroleum's wholly owned Norwegian subsidiary has made an oil and gas discovery in the main well 7219/12-1 on the Filicudi prospect. Tue, 14 Feb 2017 00:00:00 GMT Oil prices remain steady after OPEC’s efforts result in moderate success http://www.offshore-technology.com/news/newsoil-price-steady-after-opec-reports-high-compliance-level-among-member-countries-5739223 http://www.offshore-technology.com/news/newsoil-price-steady-after-opec-reports-high-compliance-level-among-member-countries-5739223 Oil prices have stabilised after OPEC’s report indicated that efforts to cut production have been moderately successful. Tue, 14 Feb 2017 00:00:00 GMT GasLog closes agreement to buy 20% interest in Gastrade http://www.offshore-technology.com/news/newsgaslog-closes-deal-to-buy-20-interest-gastrade-5737388 http://www.offshore-technology.com/news/newsgaslog-closes-deal-to-buy-20-interest-gastrade-5737388 LNG carrier operator GasLog has closed the sale and purchase agreement (SPA) to acquire a 20% interest in Gastrade. Mon, 13 Feb 2017 00:00:00 GMT BHP Billiton to invest $2.2bn in Mad Dog Phase 2 project http://www.offshore-technology.com/news/newsbhp-billiton-to-invest-22bn-in-mad-dog-phase-2-project-5737401 http://www.offshore-technology.com/news/newsbhp-billiton-to-invest-22bn-in-mad-dog-phase-2-project-5737401 BHP Billiton has announced that its board has approved an investment of $2.2bn as a part of its share to develop the Mad Dog Phase 2 project in the Gulf of Mexico. Mon, 13 Feb 2017 00:00:00 GMT Oil prices drop as US drilling rise continues http://www.offshore-technology.com/news/newsoil-price-drops-as-us-drilling-continues-to-rise-5738431 http://www.offshore-technology.com/news/newsoil-price-drops-as-us-drilling-continues-to-rise-5738431 Oil prices have plummeted by nearly 1% as the US continues to increase production. Mon, 13 Feb 2017 00:00:00 GMT M&As this week: Shell, Delek Group http://www.offshore-technology.com/news/newsmas-this-week-royal-dutch-shell-delek-group-5735509 http://www.offshore-technology.com/news/newsmas-this-week-royal-dutch-shell-delek-group-5735509 Royal Dutch Shell Plc has revealed plans to sell its 36.8% interest in Danish Underground Consortium (DUC) for approximately $1bn, according to two sources. Fri, 10 Feb 2017 00:00:00 GMT