Company News - Page 2
Stay up to date with the latest Company News updates from the global offshore industryWood Group Mustang wins contract for semi-submersible Australian offshore facility
Wood Group Mustang has been awarded an engineering and procurement support contract for the world's largest semi-submersible production facility, located off the northwest coast of...
Centrica acquires Norwegian assets for $1.5bn
UK utility Centrica has completed its $1.5bn agreement with Statoil Petroleum for the acquisition of oil and gas assets in the Norwegian sector of the North...
Pacific Rubiales to acquire 49% interest in Peru offshore block
Canada-based Pacific Rubiales Energy has entered into a $335m agreement with BPZ Resources to gain a 49% participating interest in Block Z-1 in offshore...
Fugro-Geoteam wins seismic survey contract for offshore Kenya permit
Australia-based petroleum exploration company, Fugro-Geoteam has been awarded a A$13.67m contract for a 3D seismic survey in Pancontinental's license area L6 in offshore...
EnQuest increases stake in Kraken oil discovery in the UK North Sea
Oil and gas firm EnQuest is increasing its stake in the Kraken oil discovery in the UK North Sea to...
Aker Solutions wins umbilical contract for Australian project
Aker Solutions has entered into a contract with Woodside Energy to manufacture and supply electro-hydraulic steel tube umbilicals for the Greater Western Flank (GWF) Phase 1 project on...
Statoil farms Ghana deep water licence
Norwegian oil and gas giant Statoil has made its first entry into oil-rich Ghana by farming into a deep water license operated by Hess...
Rosneft, Eni sign offshore exploration deal
Rosneft, based in Russia, has signed a cooperation agreement with Italy's Eni to jointly develop Russian offshore energy deposits in the Barents Sea and the Black...
Opposition mounts to new EU offshore regulation
Oil and Gas UK and three trade unions have announced their opposition to a European Union regulation that will bring offshore oil and gas safety under a common...
ARKeX to begin FTG survey in offshore Greenland
ARKeX, a provider of non-seismic geophysical imaging services, has announced the start of a new multi-client full tensor gravity gradiometry (FTG) survey off the coast of...
Technip wins pipeline installation contract in China
France-based Technip has been awarded a pipeline installation contract by Offshore Oil Engineering (COOEC) for the Liwan 3-1 shallow-water project in the China...
Aker Solutions to expand global subsea operations
Norwegian oil services firm Aker Solutions said it will invest $87m to expand its subsea manufacturing...
UK continental shelf drilling activity rises by 22%
A survey has found that 11 exploration and appraisal wells were drilled in UK continental shelf (UKCS) between 1 January and 31 March this year, indicating a 22% rise in drilling activity...
UK Oil & Gas announces 2012 safety award winners
Oil & Gas UK has awarded the first ever ideas in safety prize to Stork Technical Services at its 2012 UK Oil and Gas Industry and Safety...
BP settles $7.8bn Gulf of Mexico oil disaster lawsuit
Oil major BP has finalised a $7.8bn agreement with Plaintiffs Steering Committee (PSC) relating to the Deepwater Horizon disaster in the US Gulf of...
Hyperdynamics to sell portion of offshore Guinea concession
Hyperdynamics Corporation has engaged BofA Merrill Lynch as financial advisor to sell a portion of its 77% interest in an oil and gas exploration concession off the coast of...
Aker Solutions wins $1.9bn contract to launch new rig type
Aker Solutions has entered a $1.9bn contract with Statoil to launch a new type of rig, designed to increase oil recovery from existing operating fields in the Norwegian Continental Shelf...
Shah Deniz consortium to start FEED works on $25bn Azerbaijan project
The Shah Deniz consortium has approved the decision to start front end engineering and design (FEED) on the $25bn Shah Deniz Stage 2 project, in the South Caspian Sea, off the coast of...
Aker Solutions to build subsea umbilical plant in Malaysia
Aker Solutions will build a $60m manufacturing plant in Pekan, Malaysia, in a bid to expand its capacity in producing steel tube...
Framo Engineering bags subsea construction contract from Statoil
Framo Engineering has won a contract worth Nkr900mn ($156m) from Statoil to design and construct the Gullfaks subsea gas compression system in the Norwegian North...
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