Offshore & subsea

The crash in oil prices has led to a dramatic decline in the number and value of awards for FPSO units.

Harkand will deliver project management and engineering services to Maersk around their drill rig programme.

GE Oil & Gas is seeking to increase the competitiveness of the solutions for the Nigerian oil and gas industry.

A new DNV GL research paper outlines highs and lows of an ‘all subsea’ solution.

Independent upstream oil and gas company, KrisEnergy Ltd., has recently announced that oil production from the Nong Yao field has commenced.

“Solstad Offshore is a repeat customer that we hold in very high regard and we were delighted to welcome them back again.”

Wintershall is selling selected assets, such as its share in the Maria Development, to prioritise its own-operated assets.

ITC Global has outfitted Shelf Drilling rigs with a fully managed communications system.

Peterson and Veolia have announced new decommissioning facility, located in Great Yarmouth.

Upstream oil and gas deals activity, including capital markets and mergers and acquisitions (M&A), totalled US$23.5 billion from 114 transactions in May 2015, says GlobalData.

Survivex strengthens its training portfolio, announcing new accreditations for three of its training courses.

ASCO has signed a contract with Marathon Oil which will further strengthen the company’s market leading positioning in the UK.

A custom designed main air compressor package, set to be installed in the South Caspian Sea has been delivered to Baku, Azerbaijan.

ABB has won an order from offshore services provider, Bumi Armada Berhad, to supply electrification and automation systems for Eni’s FPSO vessel for a recently discovered oilfield off the coast of Angola.

Since 2013, Statoil has been making reductions across its workforce and it plans to continue doing so in the near future.