Seanamic Group’s unit Caley Ocean Systems has trialled its intervention work over control system (IWOCS) deployment system, to test the manifold functions on four deepwater subsea manifolds.
Panoro Energy has started drilling on the Aje-5 production well in the OML 113 licence, offshore Nigeria.
UK-based Subsea 7 and the US-based OneSubsea have signed an agreement to design, develop and provide integrated subsea development solutions.
A consortium of private equity firms have agreed to acquire Australian-based Apache Energy for $2.1bn in cash.
India-based Oil and Natural Gas (ONGC) has outlined a plan to strengthen its western offshore fields in the country, to serve as its primary hub for oil and gas production.
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Shell has agreed to acquire British oil and gas major BG Group for $70bn, in a deal that could be the largest merger between energy companies in a decade.
The price of Brent crude oil has dropped today, as Iran is looking to clinch more deals from China.
North Sea oil and gas companies struggling from slump in oil prices will benefit from the UK government’s decision to cut taxes and introduce allowances to attract investments in the industry.