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Archive of industry news from the global offshore industry

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March 2015

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Subsea 7 wins $240m contract extensions from Shell, offshore UK
03 March 2015 Subsea 7 has won extensions for two underwater services contracts worth a combined $240m from Shell Upstream International...

Brent crude steadies above $60 after sharp drop
03 March 2015 Brent crude prices steadied to $60 a barrel on Tuesday after a sharp drop in the earlier session due to a continuous fall in the US rig...

Technip wins contract to support Lula Alto field development in Brazil
03 March 2015 French engineering firm Technip has secured a contract worth over €500m to support the development of Lula Alto pre-salt field in...

CGG starts Davros survey in Western Australia's Northern Carnarvon Basin
03 March 2015 French geoscience firm CGG has started its largest seismic survey in the Asia-Pacific region, in the Northern Carnarvon basin on the North West Shelf of Western...

Litgas signs gas supplies MoU with Delfin LNG
02 March 2015 Litgas has signed a memorandum of understanding (MoU) with Delfin LNG, which is developing the first offshore gas liquefaction project in the US....

Oil drops to around $62 on increased production in Libya
02 March 2015 The price of Brent crude oil dropped more than 1% on Monday to around $62 a barrel due to a stronger US dollar and an increase in crude production from Libya. ...

Maersk wins newbuild drillship contract from Eni for Ghana offshore project
02 March 2015 Maersk Drilling has secured a $545m contract from Eni Ghana Exploration and Production for use of its newbuild drillship Maersk Voyager on the $7bn Offshore Cape Three Points (OCTP)...

RWE to go ahead with DEA oil and gas unit sale
02 March 2015 Germany-based RWE has said it will complete a €5bn agreement to sell its DEA oil and gas unit to Russian businessman Mikhail Fridman, despite the UK Government's move to block part of the sale....

February 2015

Top

Eni signs two energy development agreements with Congo
27 February 2015 Eni has signed two agreements with Congo for energy development and local growth in the country....

Intecsea wins contract to support Buckskin-Moccasin development in Gulf of Mexico
27 February 2015 Chevron USA has awarded a contract to Intecsea to deliver engineering and long-lead procurement services for the front-end engineering and design (FEED) phase of the Buckskin / Moccasin project...

Oil rises above $61 on supply outages in the North Sea
27 February 2015 The price of Brent crude oil increased above $61 a barrel today due to supply outages in the North...

Statoil submits development plan for Peregrino phase two project in Brazil
27 February 2015 Statoil has submitted a plan of development (PoD) for the Peregrino phase two project, offshore Brazil....

Oil falls towards $61 on increased US crude stocks
26 February 2015 The price of Brent crude oil dropped towards $61 per barrel on Thursday after an increase in US crude stocks....

McDermott and Petrofac form alliance for SURF sector
26 February 2015 McDermott International and Petrofac have formed a strategic marketing alliance to jointly undertake opportunities in the deepwater subsea, umbilicals, risers and flowlines (SURF) segment....

Canadian Overseas Petroleum forms JV with Shoreline Energy to buy assets in Africa
26 February 2015 Canadian Overseas Petroleum (COPL) has formed a joint venture (JV) partnership with Shoreline Energy International to acquire upstream oil and gas exploration, development and producing assets...

Asco wins oilfield services contracts for Mariner field in UK
26 February 2015 Asco Group has won two oilfield services contracts from Statoil for the Mariner field, which is located on the East Shetland Platform of the UK North Sea....

Aibel wins $1.05bn contract from Statoil for Johan Sverdrup platform deck
25 February 2015 Aibel has secured a contract worth Nkr8bn ($1.05bn) from Statoil to build a drilling platform for the Johan Sverdrup field in the Norwegian North Sea....

Technip wins subsea contract for Glenlivet project in UK
25 February 2015 Technip has secured a subsea contract from Total E&P UK for the Glenlivet project, west of Shetland....

Oil increases towards $59 on increased factory activity in China
25 February 2015 The price of Brent crude oil increased towards $59 a barrel on Wednesday due to better factory activity data than expected from...

Inpex wins two new exploration permits, offshore Western Australia
25 February 2015 Inpex has won two new exploration blocks, offshore Western Australia, near its Ichthys gas-condensate...

Report urges UK to take action on declining investment in North Sea oil and gas projects
24 February 2015 A new report by Oil & Gas UK has estimated that investment in new North Sea oil and gas projects will decline by a third in 2015 due to an increase in costs and fall in prices....


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