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Shell completes BG merger

Feb 15, 2016

Royal Dutch Shell has officially acquired 100% of BG Group today (15 February) in a US$70 billion mega merger that leaves Shell as one of the biggest oil and gas companies in the world. Shell CEO Ben van Beurden…

Nexans cables up Egina

Feb 15, 2016

French cables firm Nexans has been selected to supply the cabling for Total's deep water Egina floating production, storage and offloading (FPSO) vessel.   The vessel is being built by Samsung Heavy Industries under a Euro 2.8 billion turnkey contract - its largest FPSO contract to date…

Statoil ups Uruguay stakes

Feb 15, 2016

Focus on the small South American country of Uruguay is set to sharpen after Statoil took a further stake in the country's deep offshore acreage.  Statoil, which earlier this month announced it would be a partner with Total on the first deep water exploration well offshore Uruguay…

New Expro CEO unveiled

Feb 15, 2016

Mike Jardon is to take over as CEO of UK-based Expro succeeding Charles Woodburn, who is leaving the company in April to join defense firm BAE Systems. Jardon joined Expro in 2011 as COO, after holding senior roles within Schlumberger’s wireline…

Forsys inks Trestakk tieback

Feb 15, 2016

Forsys Subsea, the joint venture between FMC Technologies and Technip, has been awarded a contract from Statoil to provide a subsea front-end engineering and design (FEED) study for subsea tie-back of Trestakk to Åsgard A floating production…

Optimarin for Edda Fides

Feb 15, 2016

Optimarin has won a contract to install its Optimarin Ballast System (OBS) on Østensjø Rederi’s Edda Fides, the world’s only purpose built monohull accommodation vessel. The Norwegian ballast water treatment (BWT) specialist secured the…

Paragon to file for Chapter 11

Feb 12, 2016

Paragon Offshore is planning to file for bankruptcy this week in a deal that will eliminate more than US$1.1 billion of debt and reduce annual cash interest payments by nearly $60 million. Image from Paragon…

New president for Chevron Asia Pacific

Feb 12, 2016

Chevron Corp. has appointed Stephen W. Green as its new president of Chevron Asia Pacific Exploration and Production effective 1 April 2016. Green, 58, succeeds Melody B. Meyer who is retiring from Chevron after 37 years of distinguished service to pursue other opportunities…

Transocean newbuild starts at Stones

Feb 12, 2016

Transocean’s Deepwater Thalassa has commenced operations on its 10-year contract for Shell’s Stones project in the US Gulf of Mexico this month. The Deepwater Thalassa. Image from Transocean. Stones…

Heerema bags two Oseberg Vestflanken 2 contracts

Feb 12, 2016

Statoil has awarded Heerema Fabrication Group (HFG) the contract for the engineering, procurement and construction (EPC) of the unmanned wellhead platform at Oseberg Vestflanken 2, as well as the transport and installation of the platform…

Blackstone forms Clarion Offshore Partners

Feb 12, 2016

Blackstone and former senior executives of Pride International have partnered to form Clarion Offshore Partners, a platform to provide strategic solutions to the offshore oil and gas drilling and services sector, with a financial commitment from private equity funds managed by Blackstone…

Aker dips 16.5%, to make MMO pay cuts

Feb 12, 2016

Aker Solutions saw a 16.5% drop in its revenue in Q4 2015 as the market activity declined, especially in the North Sea, that will result in the company to slow down activity, reduce costs, and streamline its maintenance, modifications, and operations (MMO)…

Premier drops Eirik Raude, Chatham well deferred

Feb 12, 2016

Premier Oil is to drop its plans to drill its final Falklands drilling campaign well after serving a termination notice to rig operator Ocean Rig.  The firm had been due to drill the Chatham prospect. But, following 'a number of material…

Twice lucky for Woodside offshore Myanmar

Feb 12, 2016

Australia's Woodside Energy has announced a second gas discovery offshore Myanmar just weeks after announcing its first in the newly opened country. Following the discovery, the firm is set to shoot more seismic over its acreage offshore Myanmar…

Eni, ExxonMobil, Statoil among Irish offshore winners

Feb 11, 2016

Eni, Europa, ExxonMobil, Nexen, Scotia, Statoil and Woodside are among those awarded licenses in Irelan's latest offshore round. In total, 14 new licensing options in the Irish offshore have been offered, following the conclusion of the…

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