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Archive of industry news from the global offshore industry

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October 2014

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Brent trades near $95 amid positive Chinese factory survey
01 October 2014 The price of Brent oil futures traded near $95 a barrel today following a positive Chinese factory...

Fafnir selects Aptomar technology for Polarsyssel vessel, offshore Svalbard
01 October 2014 Aptomar has secured a contract to deliver its oil spill detection and combating technology to Fafnir Offshore's Polarsyssel vessel, which will operate offshore...

Murphy Oil to sell 30% of Malaysian oil and gas assets for $2bn
01 October 2014 Murphy Oil has agreed to sell 30% of its Malaysian oil and gas assets to PT Pertamina Malaysia Eksplorasi Produksi for...

September 2014

Top

TGS unveils two new ocean bottom seismic projects in US GoM
30 September 2014 TGS has unveiled the initial two ocean bottom seismic surveys to be undertaken in the US Gulf of Mexico (GOM) under its recently signed collaboration agreement with...

CGG signs deal to start offshore multi-client programme in Gabon
30 September 2014 French geoscience company CGG has signed an agreement with the Gabonese Ministry for an offshore multi-client survey...

Brent crude remains above $97 on firm US economic data and steady China PMI
30 September 2014 Brent crude futures remained above $97 a barrel today amid firm US economic data and steady China...

Oil drops below $97 on weak Chinese industrial data and strong US dollar
29 September 2014 The price of Brent crude oil declined below $97 a barrel today amid weak Chinese industrial data and a strong US...

Cairn Energy sells 10% stake in UK Catcher oil field to Dyas
29 September 2014 Cairn Energy has sold a 10% stake in its Catcher development in the North Sea and nearby fields to Dyas UK for approximately...

Rosneft discovers oil at offshore Arctic well
29 September 2014 Rosneft has completed drilling at the Universitetskaya-1 well in the Arctic and discovered oil at the East-Prinovozemelskiy-1 licence area in the Kara...

US judge rejects BP’s request to reclaim excessive Deepwater Horizon payouts
26 September 2014 A US District Court judge has rejected BP's attempts to reclaim excessive compensation payments for the 2010 Deepwater Horizon disaster in the Gulf of...

Arup’s ACE platform nears installation on Xcite’s Bentley Oil Field
26 September 2014 Arup is close to installing the Arup Concept Elevator (ACE) platform on Xcite Energy Resources' Bentley Oil Field located in the UK section of the northern-North...

Brent crude drops below $97 due to excess supply
26 September 2014 The price of Brent crude declined below $97 a barrel and is set for its worst month since April 2013 due to excess...

Semco Maritime secures first orders for three new UK rig projects
25 September 2014 Danish engineering firm Semco Maritime has secured first orders for three new rig projects at Invergordon,...

Brent crude drops below $97 on strong supplies
25 September 2014 The price of Brent crude declined below $97 a barrel today due to excess supply and a strong US dollar, which outweighed concerns over growing political tensions in the Middle...

Azonto Petroleum seeks exploration extension for Accra Block, offshore Ghana
25 September 2014 West Africa-focused oil and gas firm Azonto Petroleum has applied to further extend the exploration period for the Accra Block, offshore...

Sevan Marine wins FEED contract to support Premier Oil’s Bream field in Norway
24 September 2014 Sevan Marine has secured a front-end engineering and design contract (FEED) to support Premier Oil's Bream field in the Norwegian Central North...

Oil drops below $97 on abundant supplies
24 September 2014 The price of Brent crude declined below $97 a barrel today amid abundant supplies and weak European economic data, which outweighed increasing political tensions in the Middle...

Deep Sea Mooring secures contract from Repsol
24 September 2014 Deep Sea Mooring (DSM) has secured a contract to provide a range of mooring services for Repsol's drilling operations on the Norwegian Continental...

Oil increase above $97 amid US strikes against IS targets in Syria
23 September 2014 The price of Brent crude increased above $97 a barrel on Tuesday amid strikes against Islamic State targets in Syria by the US and various Gulf Arab...

Oyster Petroleum to buy 25% stake in UK Central North Sea licence
23 September 2014 Exploration and production firm Oyster Petroleum has entered into a farm-in agreement to acquire a 25% interest in licence P.1948 in the UK Central North...

Salamander wins conditional approval for exploration drilling in Thailand
23 September 2014 Salamander Energy has secured conditional approval of its environmental impact assessment (EIA) for its exploration drilling offshore...


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