23 April 2018
Rising US rig count weighs on oil prices
Oil prices have declined on account of upward growth in the number of rigs in the US count, pointing to an rise in crude production.
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23 April 2018
Aibel to upgrade Njord Bravo FSO vessel offshore Norway
Aibel has secured a contract from Statoil to upgrade the Njord Bravo floating storage and offloading (FSO) vessel in the Norwegian Sea.
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23 April 2018
BP and Reliance sanction ‘Satellite cluster’ project for KG-D6
BP and Reliance Industries (RIL) have sanctioned the ‘Satellite cluster’ project, the second phase of the integrated Krishna Godavari Dhirubhai 6 (KG-D6) development in India.
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20 April 2018
Bibby Offshore deploys COBRA diving safety system
Subsea services provider Bibby Offshore has become the first to deploy a new diving safety system in the North Sea.
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20 April 2018
Oil prices fall slightly, but remain near three-year highs
Oil prices have dipped marginally, but stayed close to the three-year highs reached on 19 April.
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20 April 2018
Eni secures approval to develop Merakes field offshore Indonesia
Italian exploration and production firm Eni has secured the approval for the development plan for the Merakes field located offshore East Kalimantan, Indonesia, from the country’s Minister of Energy.
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20 April 2018
Deals and M&As this week: NYK Line, Repsol, TechnipFMC
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) plans to raise ¥10bn ($93.3m) in a public offering by issuing green bonds due 2023. The transaction is expected to be...
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20 April 2018
ACE launches three new UAVs for offshore oil and gas inspection
Air Control Entech (ACE), in collaboration with the Oil & Gas Technology Centre, has launched three new and advanced unmanned aerial vehicles (UAVs), which have been designed to reduce offshore...
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19 April 2018
Smart wristbands alert offshore companies when employees are in danger
Norwegian technology startup ScanReach has unveiled In:Range, a system to pinpoint the location of crewmembers working in potentially dangerous environments by sending and receiving data signals through any structure.
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19 April 2018
Oil prices hit highest levels in more than three years
Oil prices have reached their highest levels in more than three years on account of a decline in US crude stockpiles and Saudi Arabia’s continuing support for stabilising the markets.
