Exploration

Fugro has received a contract from BHP Billiton Petroleum Pty Ltd for the Pyrenees Phase 3 Installation Project.

Subsea UK has announced that it will sponsor an initiative that inspires budding subsea engineers for a second year.

Statoil has awarded contracts for Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog, which have a combined value of approximately NOK 1.6 billion.

ENG Resources has launched its unique matchmaking service at Subsea Expo 2016, which aims to reduce the costs of recruiting engineers for subsea projects.

ExxonMobil’s Downstream and Chemical segment results highlighted the strength of the integrated businesses.

Damen Shipyards Group has announced the completion of a key construction contract, comprising two electric-powered cutter suction dredgers for the Canadian oil sands industry.

The Force forum aims to strengthen cooperation in research and development projects (R&D) at a two-day seminar hosted by the Norwegian Petroleum Directorate.

Underlying replacement cost profit for the full year was US$5.9 billion, compared with US$12.1 billion reported for 2014, down 51%.

The Open Innovation Awards fast track promising ways to reduce fresh water in shale oil and gas production.

The sale will help fund further development of the Moftinu gas discovery in Romania.

Also announced was the development of a pilot programme with BP and Partnership with Paradigm.

Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay.

The budget shows a 26% decrease in US capital expenditure.

The work will be executed via ION’s Villahermosa, Mexico, and Houston offices and through its Houston high performance computing centre.

Intelsat 29e will bring high throughput capacity in both C- and Ku-band to North and Latin America and the North Atlantic region.