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Archive of industry news from the global offshore industry

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May 2015

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BP, Halliburton and Transocean settle 2010 Deepwater Horizon claims
22 May 2015 BP has settled the 2010 Deepwater Horizon financial claims with US-based oilfield services provider Halliburton and Swiss contract drilling company Transocean....

Oil prices fall on Friday due to Middle East supply concerns
22 May 2015 Oil prices have fallen over supply concerns following escalating geopolitical disturbance in the Middle East....

Woodside Petroleum to commission Browse LNG project off Australia in 2021
22 May 2015 Woodside Petroleum has announced plans to commission the previously postponed Browse floating LNG project off the coast of Australia in late-2021....

Statoil claims Gudrun pipeline leak in North Sea could have been 'fatal'
22 May 2015 Statoil has completed its investigation into the leak that occurred on the Gudrun platform in the North Sea in February, stating that it could have been 'fatal'....

DNV develops unmanned FLNG concept for remote offshore gas fields
21 May 2015 DNV GL has developed a new unmanned floating LNG (FLNG) concept called Solitude that makes use of latest technology and can be used for remote offshore gas fields....

Wintershall to quit gas exploration in Qatar
21 May 2015 BASF subsidiary Wintershall is set to end its gas exploration operations in Qatar due to a lack of access to local infrastructure....

Oil price rise on Thursday after fall in US crude stockpile
21 May 2015 Oil price increased to $66 a barrel on Thursday following signs of supply glut concerns easing and fall in US crude stock....

Inpex’s $34bn Ichthys LNG project due to open in late-2016
21 May 2015 Japanese oil company Inpex has announced that its $34bn Ichthys project is set to open in late-2016....

Crude oil prices recover larger fall in US crude stocks
20 May 2015 Prices of crude oil have recovered following reports of larger than expected drawdown of crude stocks in the US and strong economic data from Asian markets....

Environmental groups in South Carolina appeal against seismic gun tests for oil and gas
20 May 2015 Charleston, Folly Beach and Beaufort cities in South Carolina have joined an appeal filed against the first permit to allow for seismic guns to be used to explore oil and gas along the...

Kosmos Energy encounters additional hydrocarbons offshore Mauritania
20 May 2015 Kosmos Energy has announced that the Tortue-1 exploration well offshore Mauritania has encountered additional hydrocarbons while drilling to depths of 5,100m....

Support vessel Fugro Symphony catches fire in Peterhead harbour, Scotland
20 May 2015 More than 80 personnel has been evacuated after a fire on-board the offshore support vessel Fugro Symphony in Peterhead harbour,...

DEA sells stake in Egypt’s $12bn West Nile Delta project to BP
19 May 2015 German company DEA has sold its stake in the $12bn West Nile Delta (WND) project in Egypt to its joint venture partner and operator BP....

Brent crude oil prices dip on Tuesday following stronger supplies from Middle East
19 May 2015 Brent crude oil prices fell on Tuesday following amid reports of higher supply from the Middle East, despite conflicts in Iraq, Syria, and Yemen....

Australia offers 29 offshore blocks for bidding
19 May 2015 The Australian Government has identified 29 offshore oil and gas blocks for bidding during its annual Offshore Petroleum Exploration Acreage Release....

BP to reduce stake in oil project off southern Australia
19 May 2015 BP has announced plans to divest some of its stake in the company's project in the Great Australian Bight. ...

Great Eastern Group takes delivery of two Seatronics’ predator ROV systems
18 May 2015 Global marine engineering services provider Great Eastern Group (GEG) has taken delivery of two Predator inspection-class remotely operated vehicle (ROV) systems from...

Oil prices increase on Monday over supply concerns in Middle East
18 May 2015 Oil prices witnessed an increase on Monday over concerns that conflict in Iraq and Yemen could upset...

Odfjell Drilling contracted to operate offshore Vietnam
18 May 2015 Norway-based Odfjell Drilling has secured order worth $40m for its Deepsea Metro I to work with Vietgazprom in...

Encana ceases production at Deep Panuke platform in Nova Scotia due to excess water
18 May 2015 Canadian energy producer Encana has temporarily ceased production at its Deep Panuke offshore natural gas platform in Nova Scotia due to excess...

Drydocks World to construct external Turret for Layang field vessel offshore Malaysia
15 May 2015 Drydocks World secured a contract to fabricate an external Turret for floating production storage and offloading (FPSO) vessel Layang for Orwell...


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