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Archive of industry news from the global offshore industry

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July 2016

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Report: Delays in delivery of Stella’s floating production facility prove costly for Petrofac 01 July 2016 The starting of production from the UK's Stella field has been delayed by necessary modifications and delivery of the floating production vessel by Petrofac, according to a report by GlobalData....

Construction works begin on Johan Sverdrup riser platform 01 July 2016 Statoil has announced that construction works on the Johan Sverdrup riser platform have started at the Samsung Heavy Industries yard in South Korea....

Deals this week: Harel, McDermott 01 July 2016 Harel Insurance Investments and Financial Services Ltd plans to acquire up to 4% interest in Tamar gasfield from Noble Energy, Inc....

M&As this week: Sembcorp Marine, TorcSill Foundations 01 July 2016 Sembcorp Marine Ltd has completed the acquisition of a 50% interest in KANFA Aragon AS, from Sevan Marine ASA....

Fugro deploys vessel for seep-hunting survey for TGS offshore Mexico 01 July 2016 Netherlands-based Fugro has deployed multi-purpose offshore vessel Fugro Gauss to join the Fugro Brasilis in offshore Mexico to help complete seep-hunting survey for TGS. ...

June 2016

Top

Oil prices drop due to prospects of improvement in supply outlook 30 June 2016 Oil prices have fallen due to an improvement in the prospects of supply outlook and also concerns of a slowing economy....

AWE completes drill stem test at AAL-4XST1 well offshore Indonesia 30 June 2016 AWE has completed a drill stem test (DST) on the G Sand reservoir at the Ande Ande Lumut (AAL) 4XST1 appraisal well in offshore Indonesia....

Det norske's Ivar Aasen living quarters module ready for North Sea operations 30 June 2016 Det norske has announced that the Apply Leirvik-built Ivar Aasen living quarters module has been placed on a barge in the harbour at Stord in Norway....

Oil prices rise due to potential strike in Norway 29 June 2016 Oil prices have increased as initial shocks of Britain leaving the European Union (EU) fade, and also due to a potential workers' strike in Norway that threatened to cut supply....

McDermott wins $454m contract for Pemex’s Abkatun-A2 platform in Mexico 29 June 2016 McDermott International has secured a $454m contract to provide engineering, procurement, construction and installation (EPCI) for Pemex's Abkatun-A2 platform, which will be installed in...

Statoil completes acquisition of JX Nippon's 45% stake in Utgard field 29 June 2016 Statoil has completed the acquisition of JX Nippon's 45% equity share and operatorship of the UK licence P312 Block 16/18a for the Utgard gas and condensate field in the North Sea....

Oil prices rise above $48 a barrel due to Britain's EU vote 28 June 2016 Oil prices have increased above $48 a barrel after investors took advantage of a fall in crude for two days following Britain's vote to exit the European Union (EU)....

Total to obtain 30% stake in Al-Shaheen oilfield from Qatar Petroleum 28 June 2016 Total has signed an agreement to obtain a 30% interest in the concession covering the offshore Al-Shaheen oilfield from Qatar Petroleum (QP)....

FMC Technologies and Technip get US antitrust clearance for $13bn merger 28 June 2016 US antitrust regulators have given clearance for the $13bn merger transaction between FMC Technologies and Technip....

Woodside and Mitsui get approval for $1.9bn Greater Enfield project development 27 June 2016 Woodside Energy and joint venture partner Mitsui E&P have secured approval for the $1.9bn Greater Enfield project development, located 60km off Exmouth in Western Australia....

Posh to support Shell’s Prelude FLNG project in Browse Basin 27 June 2016 PACC Offshore Services (Posh) has won a contract from Technip Oceania to support Shell's Prelude floating liquefied natural gas (FLNG) facility in the Browse Basin, off the north-west coast...

Oil prices plunge after UK votes to exit EU 27 June 2016 Oil prices have dropped after the UK voted to leave the European Union (EU)....

Report: Wintershall’s Maria development faces early decommissioning 24 June 2016 The Maria field risks early decommissioning due to the global oil crisis resulting in lower than forecasted fuel prices, according to a report by GlobalData....

Shell Canada to resume drilling at Cheshire L-97 exploration well off Nova Scotia 24 June 2016 The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has conditionally approved Shell Canada's proposal to resume drilling in waters off Nova Scotia at its Cheshire L-97 exploration well....

Petrel to negotiate with Ghana for amended coordinates of Tano Basin block 24 June 2016 Petrel Resources and its partners have confirmed that the Ghanaian Ministry of Petroleum is available for negotiations on the company's proposals for amended coordinates of the deepwater Tano...

Deals this week: CITIC Resources, Providence Resources 24 June 2016 CITIC Resources Holdings Limited has signed a memorandum of understanding (MoU) with Itochu Corporation to pursue joint acquisition and development of oil and gas exploration and production assets....


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