Offshore & subsea - 23 February 2015

The board of directors has approved a 6% increase in the dividend on shares of the company's common stock to US$2.80 per share.

Industry-critical mattress decommissioning research commences.

Maersk Oil UK’s use of Intelligent Tracer technology to be presented at upcoming SPE Aberdeen event.

On 21 February Statoil and its partners started up production from Oseberg Delta 2 in the North Sea.

According to the USGS, the area above the Arctic Circle holds approximately 90 billion bbls of undiscovered, technically recoverable oil.