News, views and contacts from the global Offshore industry
 

Latest Industry Updates

Stay up to date with the latest industry updates from the global offshore technology industry

Latest Update

Nigeria demands Shell pay $4bn for 2011 offshore oil spill damage
28 November, 2014
The Nigerian Parliament is demanding Shell to pay about $4bn for the damage caused by an oil spill at its Bonga offshore field in December...
> read more

News

Oil prices continue to fall following OPEC's decision to not cut production
Friday, November 28, 2014 Brent crude declined below $72 a barrel today following OPEC's decision to not cut oil...

Woodside to go ahead with $1bn Persephone gas project, offshore Australia
Friday, November 28, 2014 Woodside Petroleum will go ahead with the A$1.2bn ($1bn) Persephone gas project, offshore north-west Australia, after North West Shelf (NWS) participants approved the...

Brent declines $2 to 4-year low as OPEC output cut uncertainties grow
Thursday, November 27, 2014 The price of Brent crude oil dropped $2 to a four-year low, under $76 a barrel, as OPEC output cut uncertainties continue to grow despite worldwide market...

Karoon Gas Australia finds oil in Kangaroo-2 appraisal well, offshore Brazil
Thursday, November 27, 2014 Karoon Gas Australia has confirmed and recovered oil from five zones in the Kangaroo-2 appraisal well in the Santos basin, offshore...

Woodside to explore Rabat Ultra Deep Offshore area, offshore Morocco
Thursday, November 27, 2014 Australian energy firm Woodside Petroleum has signed a reconnaissance licence with the Office National des Hydrocarbures et des Mines to explore the Rabat Ultra Deep Offshore area block in...

Deep Casing Tools wins contract to support Statoil on Norwegian Continental Shelf
Wednesday, November 26, 2014 Deep Casing Tools has signed a frame agreement with Statoil Petroleum covering the supply of drillable casing and reaming technology for the energy firm's activities on the Norwegian...

Faroe Petroleum sells 10% stake in Glenlivet gas field to Total
Wednesday, November 26, 2014 Faroe Petroleum has sold its 10% stake in the undeveloped Glenlivet gas field, West of Shetland, to Total E&P...

Oil trades below $79 as Saudia Arabia indicates no output cuts by OPEC
Wednesday, November 26, 2014 The price of Brent crude oil steadied below $79 a barrel today amid indications from Saudi Arabia that OPEC would not cut oil...

Brent crude oil dips to $79.20 as traders' hopes of an output cut by OPEC wane
Tuesday, November 25, 2014 The price of Brent crude oil dropped towards $79.20 a barrel today as traders' expectations of a major output reduction by OPEC...

Production starts from Xijiang 24-1 district joint development project, China
Tuesday, November 25, 2014 China National Offshore Oil Corporation (CNOOC) has started production at the Xijiang 24-1 district joint development...


News Archive

Press Releases

Jotron Wins Contract for Randgrid Conversion
Friday, November 28, 2014 by Jotron Jotron has entered into a contract with Teekay Offshore Partners. In strong competition with other players, Jotron won the contract for supplying PAGA, PABX and LAN networks and entertainment...

Steeltrade at OSEA 2014
Friday, November 28, 2014 by Steeltrade Steeltrade will be attending the OSEA 2014 exhibition, being held on 2-5 December in Marina Bay Sands,...

FoundOcean Signs Strategic Agreement with Chemicals Company BASF
Friday, November 28, 2014 by FoundOcean FoundOcean has signed a strategic agreement with chemicals company...

DNV Audit for ATEX Certification
Friday, November 28, 2014 by Creowave DNV visited Creowave on 19 September for an annual ISO9001 quality system audit....

TFC Smalley Wave Springs and Retaining Rings Catalogue
Friday, November 28, 2014 by TFC Our exclusive range of Smalley flat wire wave spring and retaining ring products have been bringing unrivalled space-saving performance solutions for more than 50...

Kashagan Field Invests in 2,000 SharpEye Triple IR Flame Detectors
Thursday, November 27, 2014 by Spectrex The Kashagan field, in Kasakhstan's zone of the Caspian Sea, has invested in more than 2,000 SharpEye Triple IR Flame...

Rilton Electric Motors Obtains ATEX and IECEX Certification
Thursday, November 27, 2014 by OSV Group We are pleased to announce that Rilton Electric Motors has recently obtained its ATEX and IECEX...

Environmental Care with Commercial Benefit
Thursday, November 27, 2014 by Thermtech Thermtech is the owner and supplier of TCC®...

SweOffshore Awarded Accommodation Contract for Dong Energy’s Borkum Riffgrund
Wednesday, November 26, 2014 by SweOffshore Maritime We are happy to announce that SweOffshore has been awarded the contract for supplying a hotel vessel to Dong Energy's offshore wind farm Borkum Riffgrund....

Revolutionary New Wide Range Inductor
Wednesday, November 26, 2014 by Dafo Fomtec The Fomtec® Vrind WRI-2 0.5in variable flow inductor represents the latest development in Fomtec's range of foam proportioning...


Press Release Archive

cachename:Newscachekey:rd-1665407042_1857678299_rd-488908060_1460672566_ap1460672566_1857678299_-87810472