Oil & gas news

Wood Group has been awarded a contract with Statoil to provide front end engineering design (FEED) to the subsea flowline system of the Snorre Expansion Project in the Norwegian North Sea.

Oil prices are unlikely to rebound significantly from current levels, with a glut of supply and increasingly advanced methods of extraction set to keep the commodity’s price lower for longer, according to Stephen Jones, CIO at Kames Capital.

TMC Compressors (TMC) has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a new-build floating storage and regasification unit (FRSU).

Oceaneering International, Inc. announced that it secured a contract from Anadarko Petroleum Corporation to supply the umbilical for Anadarko’s Constellation subsea tieback in the US Gulf of Mexico.

The US operation of M² Subsea has announced the appointment of a new general manager and senior vice president of commercial as the firm embarks on the next stage of its growth strategy.

The contract is to cover the provision of engineering, procurement support and project management services for pre-FEED (front end engineering and design) and FEED work across a range of projects.

ABB has signed a framework agreement with Aker BP ASA for Electrical, Instrument, Control and Telecommunications (EICT) set to contribute to improved project execution.

The contract will be executed by Wood Group’s Rio de Janeiro office focusing on the technical requirements of a floating production unit (FPU) and subsea structures, and all bid package evaluations and execution phase.

Lamprell, a provider of fabrication, engineering and contracting services to the energy industry, is pleased to announce the completion of the 'Shelf Drilling Krathong' jackup drilling rig and its delivery to Shelf Drilling Ltd.

Exova, the global testing company, has been awarded a contract with McDermott to deliver a range of testing services for offshore fabrication projects in the oil and gas sector.