Offshore & subsea

Decommissioning companies are one of the few groups likely to benefit from industry downturn.

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.

Lundin Petroleum AB has signed farm-out agreements with certain wholly owned subsidiaries of DYAS B.V. for part of its working interests across three Production Sharing Contracts in Malaysia.

Cameron reported fully diluted earnings per share of US$1.08 for 4Q15, compared to US$1.34 for the same period in 2014.

Restructuring will align company with oil and gas sector’s new reality and increase oversight of executives’ decisions.

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

Lundin Petroleum AB has announced that its wholly owned subsidiary, Lundin Malaysia BV, has commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

InterOil Corp. has announced that the Antelope-6 appraisal well encountered top reservoir within expectations at approximately 2076 m true vertical depth sub-sea.

The sale is intended to help INPEX optimise its global asset portfolio.

OPITO has appointed a new Managing Director, Graham Gall, to lead the continued growth of its rapidly expanding international business.

Trelleborg’s offshore operation has announced it has secured a significant contract to supply Firestop™ to 17 I-Tubes for the FPSO vessel Egina.

Clough has announced that Samsung Heavy Industries Co. Ltd. has awarded a contract for hook-up services on the Ichthys LNG Project Central Processing Facility (CPF).

The 100th Wärtsilä 34DF dual-fuel marine engine will be delivered from the factory in early 2016.

The fleet performance management and optimisation system to provide feedback for optimised ship design.

Subsea Expo, Europe’s largest subsea conference and exhibition, to be held at AECC from 3 – 5 February.