Offshore & subsea - 19 December 2014

Despite some very real challenges in the next 12 months, the North Sea industry will find itself in better shape in 2016.

Woodside has finalised an agreement with BP to farm in to blocks off the coast of Nova Scotia, Canada.

Polarcus Limited has signed a Letter of Intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.

Wild Well Control has formed Advanced Engineering Group with the addition of Prospect Flow Solutions.

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship.