Offshore news

With UK subsea exports valued at almost £5 billion, Subsea UK is encouraging British firms to set their sights on international expansion to sustain long term growth.

The company's oil production for the period was 50 309 bbls (average of 547 bpd net to Range, which is a 23% increase from the previous quarter.

Fluor Corporation has announced that it was awarded a two-year engineering services framework agreement with North Caspian Operating Company (NCOC) for conceptual studies and front-end engineering for its projects in the Caspian region.

Global science-based technology company, 3M has completed a global oil and gas industry first by deploying its Ceramic Sand Screens using a light well intervention vessel instead of a full rig.

Java Offshore Sdn Bhd has completed the acquisition of a majority stake in Asian Geos Sdn Bhd, a specialist Offshore Geotechnical and Geophysical service provider within the Asia Pacific market.

GE has announced that it has been awarded contracts for the provision of eight Integrated Compressor Line (ICL) units up to 14MW to two European energy operators.

EnQuest PLC has announced an agreement to acquire from BP an initial 25% interest in the Magnus oil field representing c.15.9 million boe of additional net 2P reserves (gross reserves of 63.4 million boe) with net production of 4.2 Mboe/d.

Owners call for a more progressive approach to engineering information management as a new report lays bare the current state and impact of handover.

PGNiG has obtained interests in two more exploratory and production licenses in the Norwegian Sea as well its first production license in Pakistan.

Energy services company Proserv has secured contracts valued at more than $12 million so far this year and has revealed plans for further international growth with new bases in Saudi Arabia and India.