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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. ...
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Sixteen firms to bid for Uganda oil exploration licence near Lake Edward Friday, February 05, 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....

GE launches project with Statoil and Total to develop subsea boosting system Thursday, February 04, 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 Thursday, February 04, 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...

Oil prices rise due to slide in dollar and talks of oil producers’ emergency meeting Thursday, February 04, 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 Thursday, February 04, 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....

Lundin signs farm-out agreements for three PSCs in Malaysia Wednesday, February 03, 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....

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

BP to slash 3,000 jobs from downstream segment by 2017 Wednesday, February 03, 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 Tuesday, February 02, 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...

AKOFS Offshore picks Webtool EDT for subsea equipment orientation system Tuesday, February 02, 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....

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

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

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

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

Sterling Energy to withdraw from Block C-3 offshore Mauritania Monday, February 01, 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....

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

Det norske and Norsar sign agreement to study Norway’s northern offshore areas Friday, January 29, 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...

Statoil to evacuate workers from Snorre B platform amid hurricane forecast Friday, January 29, 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...

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

Lankhorst to supply mooring lines for Shell’s Appomattox development in Gulf of Mexico Friday, January 29, 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,...


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