Oil & gas news

SBM Offshore has agreed to sell SBM Installer, a diving support and construction vessel, to OS Installer AS for US$150 million in cash.

According to Wood Mackenzie, OPEC’s decision to retain current production undermines potential for near term price recovery.

The Johan Sverdrup partners have agreed to recommend Statoil as operator for all phases of the field.

Polarcus has been awarded a 3D seismic acquisition project offshore Brazil to commence in 2Q15.

The fall in oil prices offers a chance to review the costs of energy subsidies.

Oilex Ltd has completed the Cambay-77H production test and downhole data has been sent to a specialist oil and gas consulting company for analysis.

Dolphin has received the Technology Fast 50 award in Norway for 2014 as the fastest growing technology company of the last five years.

Business Monitor International looks at the oil and gas sectors in a selection of Latin American countries.

Dolphin has been awarded a 3D seismic contract in West Africa for an undisclosed independent oil company.

Low oil prices are likely to delay upstream developments in northwest Europe, according to GlobalData.