Special reports

The company are to provide pre-lay mooring products and services to the Deepsea Bergen semisubermersible drilling rig on the Norwegian Continental Shelf.

The proceeds of the US$53 million transaction will be used to partly repay Ithaca's existing bank debt facilities.

Bibby Offshore Holdings Limited has announced that it has completed the recapitalisation of its balance sheet announced on 5 December 2017.

In 2017, the company's average oil production in Brazil has grown by 0.4% and the average natural gas production has reached a volume 0.9% higher than in 2016.

The German company Wintershall have received shares in six licences by the Norwegian Ministry of Petroleum and Energy, in the Awards for Predefined areas (APA) 2017 licencing round.

DEA wins five exploration licenses in the 2017 Awards in Predefined Areas (APA).

The contracts have been awarded by the Azerbaijan International Oil Company for Azeri Central East Project.

This CAN$33 million budget includes CAN$9 million of expansion capital and CAN$24 million of equipment maintenance and upgrade capital.

Deepwater Horizon have claimed facility approaches closure.

In 2017, the Nord Stream Pipeline delivered 51 billion m3 of natural gas to consumers in the European Union.

BiSN, a producer of metal-to-metal downhole sealing solutions, has been awarded significant investment by the Aberdeen-based Oil & Gas Technology Centre (OGTC).

The two companies have completed the transfer of rights in Lapa and Iara concessions.

The work will be performed with the subsea vessel Havila Subsea from early February onwards.

Aker BP has a strong cash flow outlook and a robust balance sheet with a US$2.9 billion liquidity reserve, enabling the company to increase dividends for 2018 to US$450 million, and further strengthen its position as the leading independent E&P company offshore.

Site activities have been suspended pending repairs and are expected to resume mid-February.