Shell further reduces its interest in Woodside
Jun 18, 2014
Royal Dutch Shell plc (Shell) announced the sale of a total of approximately 156.5 million shares in Woodside Petroleum Limited (Woodside) representing a total estimated value to Shell of around US$5.0 billion on an after tax basis. The sale, which represents 19.0% of Woodside’s issued share capital, is through an underwritten sell-down to equity

Subsea 7 S.A. awarded contract in Gulf of Mexico
Jun 17, 2014
Subsea 7 S.A. has been awarded a contract in the U.S. Gulf of Mexico by Freeport-McMoRan Oil & Gas in support of its development of the KOQV and Holstein Deep fields. The contract value is in excess of $50 million. The scope of work covers the installation of flexible pipelines and umbilicals for both fields, with the offshore installation phase

Eni Norge enters into agreement with DNV GL AS
Jun 16, 2014
Eni Norge AS awards DNV GL a framework agreement for the supply of inspection services to the Goliat platform in the Barents Sea. The term of the contract is three years, with an option for a two-year extension. The assignment consists of planning and carrying out

ExxonMobil oil production to increase from on-time startup of CLOV project
Jun 16, 2014
Exxon Mobil Corporation announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months. CLOV is the fourth major development hub of Total-operated Block 17, after Girassol, Dalia

The World's Five Most Important Oil Fields
Jun 13, 2014
Much has been made about the role that hydraulic fracturing – or fracking -- has played in revolutionizing the energy landscape, unlocking vast new reserves of oil trapped in shale rock. This "tight oil" is pouring into the global pool of oil supplies at a crucial time,

Wärtsilä signs extensive services supply agreement with Norwegian DOF Group
Jun 12, 2014
Wärtsilä, the marine industry's leading solutions and services provider, has signed an extensive three-year services supply agreement with the Norwegian DOF Group in the end of April 2014. The agreement covers services for all Wärtsilä equipment, including engines

World's first LNG fuelled icebreaker to be powered by Wärtsilä dual-fuel engines
Jun 11, 2014
A new icebreaker being built by Arctech Helsinki Shipyard for the Finnish Transport Agency will be powered by Wärtsilä dual-fuel engines capable of operating on both liquefied natural gas (LNG)

Glacier Energy Services invests £1million in Fife base
Jun 10, 2014
Glacier Energy Services is expanding its industrial facilities in Scotland in support of ongoing growth in the energy sector, investing £1million and creating an initial 10 jobs with the opening

GDF SUEZ E&P UK orders new emergency response & rescue vessel for Cygnus field
Jun 9, 2014
GDF SUEZ E&P UK has awarded a five year, multi-million pound contract to Sentinel Marine to provide a new 61 metre multi role Emergency Response & Rescue Vessel (ERRV) to support

Statoil reports Troll under pressure
Jun 6, 2014
On 4 June, two new compressors were lifted aboard the Troll A platform in the North Sea. Once the compressors are up and running next year, they will boost recovery from Troll by more than 83 billion standard cubic meters of gas.

Statoil and VERHOEF Sign Multi-Year Framework Agreement for Freefall Lifeboats
Jun 5, 2014
VERHOEF Aluminium BV from the Netherlands has been awarded a five year Framework Agreement by Statoil to provide freefall lifeboat systems, as well as related products and support services.

Claxton wins biggest-ever riser contract offshore Norway
Jun 5, 2014
Claxton, an Acteon company, has been awarded a multi-year contract with Det norske oljeselskap ASA of Norway: the largest single riser contract in Claxton’s history. Running from January 2014 until June 2020

Wärtsilä launches new Aframax tanker design at Posidonia 2014 exhibition
Jun 4, 2014
A new, highly efficient, Aframax tanker design offering practical and viable solutions that meet current and forthcoming emissions legislation is launched by Wärtsilä at the Posidonia 2014 exhibition in Athens, Greece.

Marathon Oil announces $2.7 billion sale of Norway business
Jun 3, 2014
Marathon Oil Corporation has entered into a definitive agreement with Det norske oljeselskap ASA under

Seadrill secures commitment for newbuild ultra-deepwater unit West Jupiter
Jun 3, 2014
Seadrill Limited has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.

Atlantic Offshore Rescue secures long term charter
Jun 2, 2014
Aberdeen-based standby vessel operator Atlantic Offshore Rescue has secured a five year charter with five, one year options to extend with Shell UK to support operations in the Gannet,

KPS LPG Pipe Approved by TÜV
May 30, 2014
OPW is pleased to announce that its KPS LPG Pipe System™ is now approved by TÜV SÜD for use on LPG filling stations. The TÜV approval validates that the KPS LPG Pipe System™ is fit for its intended purpose and may be used on German LPG refuelling stations.

Aker Solutions wins framework contract from BP in Norway
May 29, 2014
Aker Solutions has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway. Aker Solutions Wins Framework Contract From BP in NorwayThe contract has a period of up to two years valued

Expro awarded multi-year sonar production testing contract in the Middle East
May 28, 2014
Expro has secured a multi-year contract with a leading international oil company for multiphase production testing in Iraq. The contract will provide non-intrusive multiphase production testing of oil wells in this on shore field.

Technip awarded new LNG plant contract in China
May 27, 2014
Technip has been awarded an engineering, procurement and technical assistance contract by Fengzhen Wanjie Gas Co. Ltd. for a liquefied natural gas (LNG) plant in Fengzhen City, Inner Mongolia Province, China. The plant will consist of 1.3 million Nm3/day(1) LNG train .

Lundin Petroleum spuds appraisal well 7120/1-4s in PL 492 in the Barents Sea
May 26, 2014
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway AS, announce that drilling of appraisal well 7120/1-4s in PL492 has commenced. The well will appraise the hydrocarbon potential of the Gohta discovery in PL 492, which is located

Shell agrees to sell Eagle Ford acreage, South Texas
May 23, 2014
Royal Dutch Shell has agreed to sell its 100 percent working interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez Energy Corporation for approximately $0.639 billion, subject to closing.

Subsea 7 S.A. awarded $460 million contract in North Sea
May 22, 2014
Subsea 7 S.A. has been awarded its largest UK EPIC services contract, valued in excess of $460 million by Premier Oil UK Limited, in support of its Catcher Area Development, located 180km east of Aberdeen in Central North Sea Block 28/9.

Dana Petroleum's Western Isles Project gas export pipeline successfully installed
May 21, 2014
Dana Petroleum's gas export/import pipeline for the Western Isles Development Project has been successfully installed on to the seabed.The pipeline will export excess produced gas to the Tern - North Cormorant gas pipeline and import gas for lift gas and fuel when required.