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Archive of industry news from the global offshore industry

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February 2016

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Statoil awards Nkr1.6bn of contracts for North Sea fields 05 February 2016 Statoil has awarded Nkr1.6bn ($187.6m) worth of contracts for operations at Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog fields in Norway. ...

Sixteen firms to bid for Uganda oil exploration licence near Lake Edward 05 February 2016 The Ugandan Government has granted approval to 16 companies to bid for oil exploration rights for six blocks in an environmentally sensitive area around Lake Edward....

Oil prices rise due to slide in dollar and talks of oil producers’ emergency meeting 04 February 2016 Oil prices have extended gains due to the market being lifted by a slide in dollar value and a potential meeting of oil producers to discuss production cuts....

Subsea 7 extends contract to provide diving support vessel services in offshore UK 04 February 2016 Subsea 7 has been awarded a contract to provide diving support vessel (DSV) services in the UK offshore area for six North Sea clients....

GE launches project with Statoil and Total to develop subsea boosting system 04 February 2016 UK-based GE Oil & Gas has launched a joint industry project (JIP) with Statoil, Total, and two other operators to develop a new subsea boosting system....

Hyundai and Doosan to localise equipment for offshore plants 04 February 2016 South Korea-based Hyundai Heavy Industries (HHI) has signed a memorandum of understanding (MoU) with Doosan Heavy Industries & Construction (DHIC) and Center for Creative Economy & Innovation...

Matrix signs licensing agreement with AMOG for LGS system 03 February 2016 Australia-based Matrix Composites & Engineering has signed a licensing agreement with AMOG for commercialisation of the longitudinally grooved suppression (LGS) system....

Lundin signs farm-out agreements for three PSCs in Malaysia 03 February 2016 Lundin Malaysia has signed farm-out agreements with Dutch company DYAS's subsidiaries for part of its working interests across three production sharing contracts (PSC) in Malaysia....

BP to slash 3,000 jobs from downstream segment by 2017 03 February 2016 BP has announced plans to cut 3,000 jobs from its downstream segment by the end of 2017, in addition to the 4,000 positions being axed from its upstream division announced last month....

Saipem files $823m claim against Gazprom over Black Sea pipeline contract cancellation 02 February 2016 Italy-based pipe-laying company Saipem has filed a €759m ($823m) arbitration claim against Russian company Gazprom for cancelling a contract to lay a natural-gas pipeline under the Black...

GE and Rosneft sign deals to advance hydrocarbon production 02 February 2016 General Electric (GE) and Rosneft have signed agreements to cooperate in hydrocarbon production technologies....

Oil prices drop as expectations on production cuts weaken 02 February 2016 Oil prices have fallen towards $33 a barrel after expectations faded over a deal between OPEC and Russia on output cuts....

AKOFS Offshore picks Webtool EDT for subsea equipment orientation system 02 February 2016 Norway-based AKOFS Offshore has selected Allspeeds's Webtool emergency disconnection tools (EDT) for its subsea equipment orientation system (SOES) for installing subsea trees....

Statoil to acquire 15% interest in Uruguay’s offshore exploration block from Total 01 February 2016 Statoil Uruguay has signed an agreement to acquire 15% working interest in offshore exploration block 14 in Uruguay from Total E&P...

Lundin commences Maligan exploration well drilling offshore East Malaysia 01 February 2016 Lundin Malaysia, the wholly owned subsidiary of Lundin Petroleum, has started drilling of the Maligan exploration well in Block SB307 / SB308, offshore East...

Oil prices edge down as China's manufacturing activity contracts 01 February 2016 Oil prices declined 2% on Monday following weak economic data from China that weighed on...

Sterling Energy to withdraw from Block C-3 offshore Mauritania 01 February 2016 Sterling Energy’s subsidiary Sterling Energy Mauritania (SEML) has announced its withdrawal from Block C-3, located offshore in the Islamic Republic of Mauritania....

January 2016

Top

Lankhorst to supply mooring lines for Shell’s Appomattox development in Gulf of Mexico 29 January 2016 Shell Offshore has selected Lankhorst Ropes to supply mooring lines for the company’s Appomattox deep-water development in the Gulf of Mexico 130km off Louisiana,...

Statoil to evacuate workers from Snorre B platform amid hurricane forecast 29 January 2016 Statoil will evacuate its workers from its Snorre B platform in the Snorre oil and gas field in the Norwegian Sea due to forecasts of hurricane-force...

Det norske and Norsar sign agreement to study Norway’s northern offshore areas 29 January 2016 Det norske and research institute Norsar have signed an agreement to gather data that can help to continually monitor the environment in Norway’s northern offshore...

Oil prices rise on hopes of production cuts 29 January 2016 Oil prices increased on Friday in anticipation of production cuts by major shale companies, in a bid to reduce the global supply...


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