Offshore & subsea

The acquisition of Maersk Oil allows the Group to reinforce its existing leading positions in the U.K. and in Norway, as well as to enter Denmark, making Total the second-largest operator in the North Sea.

The National Subsea Research Initiative (NSRI) has appointed Tony Laing as its new director of research and market acceleration.

Energy services company Proserv has entered into a restructuring agreement with its principal lenders which will strengthen the long term financial structure of the company.

Forum Subsea Technologies and BluHaptics, Inc. have announced a joint agreement enabling technologies from both companies to be combined to provide solutions for ROV and subsea engineering applications.

The deals will see the firm supplying four of its Remotely Operated Vehicles (ROVs) to academia and the aquaculture industry.

The projects are a mixture of contract awards and renewals for key North Sea clients, including Nexen.

The underwater operations will be undertaken by Aker BP's contractor, Subsea 7.

In order to drill the well the Joint Venture was required to apply to the Ministry of Mines and Energy in Namibia for permission to enter the next phase of the licence, the Second Renewal Exploration Period.

TechnipFMC announces that the engineering, procurement, fabrication and supply of umbilicals system for the Kaombo project has been completed.

Cutting the US deepwater royalty rate from 18.75% to 12.5% for new leases, as proposed by the US Royalty Policy Committee in its meeting on February 28, would significantly improve the attractiveness of the country’s fiscal regime, according to GlobalData, a leading data and analytics company.

Norwegian suppliers Framo, Maritime Partner, Norbit Aptomar, and NorLense have come together to create the OSRV (Oil Spill Recovery Vessel) Group to offer a complete oil spill response solution.

McDermott International, Inc. has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform, located 40 miles (65 km) off the southeast coast of Trinidad and Tobago.

Borders & Southern, the London based independent oil and gas exploration company with assets offshore the Falkland Islands, announces the results of an independent evaluation of the Darwin East discovery and the adjacent Darwin West untested fault block.

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

The project, which is due to be carried out in April/May this year using the Stena Clyde MODU, has been in the planning stages since last year.