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December 2014

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Nexans supplies first batch of DEH systems to Shah Deniz Stage 2 project
19 December 2014 Nexans has supplied the first batch of direct electrical heating (DEH) systems to the BP-operated Shah Deniz Stage 2 development project in the Azerbaijan sector of the Caspian...

Brent crude oil falls back below $60 as global supply continues to rise
19 December 2014 The price of Brent crude dropped below $60 a barrel on Friday as a worldwide abundant supply of oil indicated continued growth, despite more energy firms cutting upstream...

Woodside to buy 20% stake in four Canadian offshore exploration licences
19 December 2014 Australian energy firm Woodside Petroleum has agreed to acquire a 20% participating interest in four BP operated Canadian exploration...

Oil increases above $62 a barrel as more energy companies cut investments
18 December 2014 The price of Brent crude oil increased 2% to above $62 a barrel on Thursday as more energy companies cut investments...

Subsea 7 wins installation contract for Stampede Project, US Gulf of Mexico
18 December 2014 Subsea 7 has secured an installation contract from energy firm Hess to support the Stampede Project in the deepwater US Gulf of...

Chevron scraps plans to drill deepwater well in Arctic Beaufort Sea, Canada
18 December 2014 Chevron has scrapped plans to drill a deepwater well in Canada's Arctic Beaufort Sea, citing economic uncertainty due to the sharp decline in oil...

Statoil submits development plan for Rutil discovery in Gullfaks Rimfaks Valley
17 December 2014 Statoil and its partners have submitted a development plan for the Rutil discovery in the North Sea's Gullfaks Rimfaks...

Oil trades below $60 a barrel
17 December 2014 Brent crude oil has traded below $60 a barrel because of a supply glut, which has dragged down...

GE to buy Oceaneering's subsea electric actuator product line
17 December 2014 GE has agreed to purchase Oceaneering's subsea electric actuator product line, which will be used to improve remote subsea production and processing...

Amec Foster Wheeler secures front end engineering design contract from Chevron in North Sea
16 December 2014 Amec Foster Wheeler has secured a front end engineering design (FEED) contract from Chevron North Sea Limited (Chevron) for the Captain enhanced oil recovery (EOR) development in the North...

Swiber secures $719m contract for offshore field development project in West Africa
16 December 2014 Singapore-based Swiber Holdings, an international provider of integrated offshore construction and support services to the oil and gas industry, has secured a contract from a US-based oil and...

Brent price falls below $60
16 December 2014 The price of Brent crude oil declined by more than $1 per barrel, falling below $60 due to tepid Chinese factory activity and dipping currencies of emerging markets, which has affected...

US BOEM increases limit of liability for offshore oil spills
15 December 2014 The US Bureau of Ocean Energy Management (BOEM) has increased the limit of liability for oil-spill related damages from $75m to around $134m for offshore oil and gas facilities....

Brent price picks up to $62.35 a barrel
15 December 2014 The price of Brent has fluctuated, with it first dropping to a low in five-and-a-half years and then edging up to $62.35 a barrel on Monday....

Nido Petroleum makes offer on Otto Energy’s interest in Galoc oil field
15 December 2014 Nido Petroleum has made an offer to acquire Otto Energy’s 33% working interest in the Galoc oil field in the Philippines for $108m....

Oil falls to five-and-a-half-year low of around $63 a barrel
12 December 2014 The price of Brent crude oil declined to a five-and-a-half-year low of $63 a barrel on Friday amid concerns of a worldwide supply glut and dip in oil...

BP awards $750m engineering, procurement and construction contract to Wood Group
12 December 2014 BP has awarded an engineering, procurement and construction (EPC) services contract worth about $750m to energy services firm Wood...

EMC to deliver on-board communications for Ceona Offshore’s vessel
12 December 2014 Ceona Offshore has selected Emerging Markets Communications (EMC) to deliver on-board communications solutions for its new field development asset, the Ceona...

Weaker US dollar aids Brent crude oil price increase towards $65
11 December 2014 The price of Brent crude oil increased towards $65 a barrel today amid a weaker US...

Jumbo to install subsea structures for Wheatstone Project, offshore Australia
11 December 2014 Jumbo has won a contract from Technip Oceania to install 13 subsea structures for the Chevron-operated Wheatstone Project, Western...

CNOOC signs PSCs with KUFPEC for three blocks in South China Sea
11 December 2014 China National Offshore Oil Corporation (CNOOC) has signed production sharing contracts (PSCs) with KUFPEC (China) for three blocks in the South China...


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