News, views and contacts from the global Offshore industry
 

News Archive

Archive of industry news from the global offshore industry

News By Date

August 2015

Top

Oil prices up due to rally in global equity markets
27 August 2015 Oil prices increased over 4% on Thursday following a rally in global equity markets as well as a drop in US crude...

Schlumberger reports on Horse Hill licences in England
27 August 2015 Oilfield services company Schlumberger has independently calculated a mean Oil in Place (OIP) of 10.993bn barrels to lie within the 55 square miles of the PEDL137 and PEDL246 Horse Hill licences...

Schlumberger to acquire Cameron International for $14.3bn
27 August 2015 Oil services group Schlumberger has signed an agreement to acquire the US-based flow equipment products manufacturer Cameron International in a transaction valued at...

France’s Total to offload interests in gas pipelines and terminal for $905m
27 August 2015 France-based Total has agreed to divest all of its interests in the Frigg UK Pipeline (FUKA), the Shetland Island Regional Gas Export System (SIRGE) gas pipelines, and the St Fergus Gas Terminal...

Norway’s Solstad to lay-up ten offshore vessels due to weak markets
26 August 2015 Norway-based Solstad Offshore is set to lay-up ten offshore vessels citing market...

Exceed to unveil online tool for offshore decommissioning market
26 August 2015 Scotland-based well management and performance improvement services provider Exceed is set to launch an online information management tool for the offshore decommissioning...

Canyon Offshore secures deepwater trenching contract in Brazil from Shell
26 August 2015 Helix's robotics subsidiary Canyon Offshore has secured a contract from Shell to trench and bury over 40km of pipe in 1,675m of water in the Campos Basin located near Rio de Janeiro, offshore...

Oil prices stabilise as China's central bank moves to support weak economy
26 August 2015 Oil prices stabilised on Wednesday following news that China's central bank will back the country's economy, but prices stayed near six-and-a-half-year lows due to...

Cobalt to offload interest in two blocks offshore Angola for $1.75bn
25 August 2015 US-based Cobalt International Energy has signed an agreement to offload its interest in two blocks offshore Angola to Sonangol, in a transaction valued at...

Bibby HydroMap begins survey operations on LNG project off Morecambe Bay
25 August 2015 Seabed survey company Bibby HydroMap has commenced operations on the proposed liquefied natural gas (LNG) project off Morecambe Bay in Lancashire,...

Oil bounced back, but prices near 6.5 year lows
25 August 2015 Oil prices bounced back on Tuesday, but are near 6.5 year lows due to global concerns over weak economic activity in...

TGS to acquire coring and geochemical analysis data offshore Mexico
25 August 2015 Mexico's Comisión Nacional de Hidrocarburos (CNH) has authorised TGS to acquire multibeam, coring and geochemical analysis data over an area of about 600,000km² offshore...

Lundin gets Norwegian approval for Phase I of Johan Sverdrup development
24 August 2015 Lundin Norway has received plan of development and operation (PDO) approval for Phase I for the Johan Sverdrup oil field development in North Sea, offshore...

South Korea's DSME delivers midwater rig to Songa Offshore
24 August 2015 South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has delivered midwater rig Songa Endurance to Songa...

Oil prices decline due to fall in Chinese stock markets
24 August 2015 Oil prices declined more than 4% on Monday following a drop in Chinese stock...

IHC launches new 550t pipelaying vessel
24 August 2015 Netherlands-based Royal IHC has christened and launched the 550t pipelaying vessel, Sapura Rubi, in a ceremony held at its shipyard located in Krimpen aan den...

OneSubsea to supply subsea processing systems for Shell’s Stones development in Gulf of Mexico
21 August 2015 OneSubsea has secured a contract to supply subsea processing systems for the Shell Offshore Stones development in the Gulf of Mexico....

US oil prices decline over weak Chinese factory activity
21 August 2015 Oil prices in the US declined on Friday following a dip in Chinese manufacturing...

Fluor and Offshore Oil Engineering to form new joint venture
21 August 2015 Fluor has agreed with China National Offshore Oil's subsidiary Offshore Oil Engineering (COOEC) to form a new joint venture (JV) COOEC Fluor Heavy Industries...

Norway authorises Wintershall’s exploration activities in North Sea
21 August 2015 The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to Wintershall Norge to carry out exploration in the North...

Gulf of Mexico lease sale attracts low bids following slump in oil prices
20 August 2015 The Gulf of Mexico lease sale held by the US Department of the Interior's Bureau of Ocean Energy Management (BOEM), has yielded $22.7m in high bids for 190,080acres in the Western Planning...