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 Wilhelmsen acquires majority stake in NorSea Group http://www.offshore-technology.com/news/newswilhelmsen-acquires-majority-stake-in-norsea-group-5932159 http://www.offshore-technology.com/news/newswilhelmsen-acquires-majority-stake-in-norsea-group-5932159 Wilhelmsen has acquired a 32% stake in Norwegian service provider NorSea Group for Nkr545m ($70m), increasing its working interest to around 72% from the existing 40%. Thu, 21 Sep 2017 23:00:00 GMT Deals this week: Inpex, Xodus Group http://www.offshore-technology.com/news/newsdeals-this-week-inpex-xodus-group-5931639 http://www.offshore-technology.com/news/newsdeals-this-week-inpex-xodus-group-5931639 Inpex Norge has agreed to acquire a 40% participating interest from Bayerngas Norge in the PL767 exploration licence in the western Barents Sea, Norway. Thu, 21 Sep 2017 23:00:00 GMT Oil prices improve before OPEC meeting on output cut extension http://www.offshore-technology.com/news/newsoil-prices-improve-before-opec-meeting-on-output-cut-deal-extension-possibility-5932434 http://www.offshore-technology.com/news/newsoil-prices-improve-before-opec-meeting-on-output-cut-deal-extension-possibility-5932434 Oil prices have risen slightly over the possibility of an extension to the OPEC-led output cut deal beyond March 2018 following a meeting of major producers in Vienna, Austria.  Thu, 21 Sep 2017 23:00:00 GMT Unique Group and Innovo sign deal to expand into Middle East and Asia http://www.offshore-technology.com/news/newsunique-group-and-innovo-sign-deal-to-expand-into-middle-east-and-asia-5932147 http://www.offshore-technology.com/news/newsunique-group-and-innovo-sign-deal-to-expand-into-middle-east-and-asia-5932147 Subsea and offshore solutions provider Unique Group has entered a cooperation agreement with UK-based Innovo to provide engineering solutions to the oil and gas market in the Middle East and South East Asia. Thu, 21 Sep 2017 23:00:00 GMT ONGC makes oil discovery in offshore Mumbai, India http://www.offshore-technology.com/news/newsongc-makes-oil-discovery-offshore-mumbai-india-5930969 http://www.offshore-technology.com/news/newsongc-makes-oil-discovery-offshore-mumbai-india-5930969 India's state-owned company Oil and Natural Gas (ONGC) has made a significant discovery west of the Mumbai High oilfield in the Arabian Sea.  Wed, 20 Sep 2017 23:00:00 GMT Oil prices fall as US crude stocks pile up http://www.offshore-technology.com/news/newsoil-prices-fall-as-us-crude-stocks-pile-up-5931415 http://www.offshore-technology.com/news/newsoil-prices-fall-as-us-crude-stocks-pile-up-5931415 Oil prices have slipped following reports of an increase in the US crude inventories and production. Wed, 20 Sep 2017 23:00:00 GMT UK oil and gas production to only last another a decade, study reveals http://www.offshore-technology.com/news/newsoil-and-gas-production-in-uk-to-last-only-a-decade-study-reveals-5930982 http://www.offshore-technology.com/news/newsoil-and-gas-production-in-uk-to-last-only-a-decade-study-reveals-5930982 UK oil and gas industries are reportedly entering the last decade of production due to depleting resources, according to research conducted by the University of Edinburgh, Scotland. Wed, 20 Sep 2017 23:00:00 GMT Wintershall receives consent for Balderbrå drilling in Norwegian Sea http://www.offshore-technology.com/news/newswintershall-receives-consent-for-balderbr-drilling-in-norwegian-sea-5929854 http://www.offshore-technology.com/news/newswintershall-receives-consent-for-balderbr-drilling-in-norwegian-sea-5929854 Petroleum Safety Authority Norway (PSA) has given its approval to Wintershall Norge to drill the 6604/5 exploration well within the Balderbrå prospect in the Norwegian Sea. Tue, 19 Sep 2017 23:00:00 GMT Xodus Group secures two ESIA contracts offshore Senegal http://www.offshore-technology.com/news/newsxodus-group-secures-two-esia-contracts-in-senegal-5929338 http://www.offshore-technology.com/news/newsxodus-group-secures-two-esia-contracts-in-senegal-5929338 UK-based Xodus Group has received two environmental and social impact assessment (ESIA) contracts for projects at Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) blocks in Senegal. Tue, 19 Sep 2017 23:00:00 GMT Oil prices soar as Iraq indicates possible OPEC deal extension http://www.offshore-technology.com/news/newsoil-prices-soar-as-iraq-indicates-possible-opec-deal-extension-5930204 http://www.offshore-technology.com/news/newsoil-prices-soar-as-iraq-indicates-possible-opec-deal-extension-5930204 Oil prices have witnessed sharp rise after Iraq indicated that OPEC is considering an extension of the supply cut deal to eliminate the global oversupply.  Tue, 19 Sep 2017 23:00:00 GMT Statoil and Eni hire Bristow helicopters for offshore operations http://www.offshore-technology.com/news/newsstatoil-and-eni-hire-bristow-helicopters-for-offshore-operations-5928206 http://www.offshore-technology.com/news/newsstatoil-and-eni-hire-bristow-helicopters-for-offshore-operations-5928206 Oil companies Statoil and Eni have awarded Bristow a contract for one search and rescue (SAR) helicopter and one transport helicopter in Hammerfest. Mon, 18 Sep 2017 23:00:00 GMT Oil prices remain stable as fall in OPEC supplies offsets rising US production http://www.offshore-technology.com/news/newsoil-prices-remain-stable-as-fall-in-opec-supplies-negates-rising-us-production-5929152 http://www.offshore-technology.com/news/newsoil-prices-remain-stable-as-fall-in-opec-supplies-negates-rising-us-production-5929152 Oil prices have remained largely stable as the Organization of the Petroleum Exporting Countries (OPEC) countries indicated a fall in supplies but the impact was largely offset due to rising US shale output. Mon, 18 Sep 2017 23:00:00 GMT OMV finds oil at Wisting appraisal well in Barents Sea http://www.offshore-technology.com/news/newsomv-finds-oil-at-wisting-appraisal-well-in-barents-sea-5928216 http://www.offshore-technology.com/news/newsomv-finds-oil-at-wisting-appraisal-well-in-barents-sea-5928216 Oil and gas company OMV (Norge) has discovered oil at 7324/8-1 (Wisting) in the Barents Sea after drilling appraisal well 7324/8-3 located within production licence 537. Mon, 18 Sep 2017 23:00:00 GMT Inpex to gain 40% interest in Barents Sea exploration licence http://www.offshore-technology.com/news/newsinpex-sign-deal-to-acquire-40-interest-in-exploration-license-in-barents-sea-5927139 http://www.offshore-technology.com/news/newsinpex-sign-deal-to-acquire-40-interest-in-exploration-license-in-barents-sea-5927139 Inpex has entered an agreement with Bayerngas Norge to acquire a 40% participating interest in PL767 exploration licence in the western Barents Sea, Norway, for an undisclosed sum.  Sun, 17 Sep 2017 23:00:00 GMT Oil prices improve over fall in rig count http://www.offshore-technology.com/news/newsoil-prices-improve-over-fall-in-rig-count-5928043 http://www.offshore-technology.com/news/newsoil-prices-improve-over-fall-in-rig-count-5928043 Oil prices have improved over the reports of fall in US drilling activity and with the support of rising refinery production after the impact of hurricane Harvey. Sun, 17 Sep 2017 23:00:00 GMT Qinterra unites two well intervention companies http://www.offshore-technology.com/news/newsqinterra-group-to-form-new-global-well-service-company-5927112 http://www.offshore-technology.com/news/newsqinterra-group-to-form-new-global-well-service-company-5927112 Qinterra Group has united operations of its North Sea well intervention specialist Altus Intervention and international technology arm Qinterra Technologies to form a global company that will specialise in well services. Sun, 17 Sep 2017 23:00:00 GMT Wood Group secures CNOOC subsea contract in South China Sea http://www.offshore-technology.com/news/newswood-group-secures-cnooc-subsea-contract-in-south-china-sea-5926654 http://www.offshore-technology.com/news/newswood-group-secures-cnooc-subsea-contract-in-south-china-sea-5926654 Wood Group has won a new contract to support China National Offshore Oil’s (CNOOC) Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. Thu, 14 Sep 2017 23:00:00 GMT Deals this week: GulfSlope Energy, Seadrill, Shell http://www.offshore-technology.com/news/newsdeals-this-week-gulfslope-energy-seadrill-shell-5926511 http://www.offshore-technology.com/news/newsdeals-this-week-gulfslope-energy-seadrill-shell-5926511 GulfSlope Energy Inc and Texas South Energy Inc have agreed to farm-out 75% working interest in oil and gas prospects in the offshore Gulf of Mexico, US, to an international oil and gas company. Thu, 14 Sep 2017 23:00:00 GMT Report: Global oil and gas production projected to increase by 2021 http://www.offshore-technology.com/news/newsreport-global-oil-and-gas-production-projected-to-increase-by-73-by-2021-5926584 http://www.offshore-technology.com/news/newsreport-global-oil-and-gas-production-projected-to-increase-by-73-by-2021-5926584 Oil and gas production is expected to increase worldwide by 7.3% to 62,722 million barrels of oil equivalent (Mboe) by 2021, according to a forecast in a report by GlobalData. Thu, 14 Sep 2017 23:00:00 GMT BP-led partners sign PSA deal for Azerbaijan offshore fields http://www.offshore-technology.com/news/newsbp-led-partners-sign-psa-deal-for-azerbaijan-offshore-fields-5926642 http://www.offshore-technology.com/news/newsbp-led-partners-sign-psa-deal-for-azerbaijan-offshore-fields-5926642 The Government of Azerbaijan and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed an amended and restated agreement with BP-led group for the joint development and production sharing (PSA) for the Azeri, Chirag and Gunashli (AC… Thu, 14 Sep 2017 23:00:00 GMT