Oil & gas news

Aker Solutions, Det norske oljeselskap and Subsea 7 agreed on a "one for all, all for one" collaboration model that marks a major shift in how an operator and its suppliers can work together offshore Norway.

Douglas-Westwood consider the future for decommissioning in the North Sea.

Global oil demand growth is slowing at a faster pace than initially predicted, according to the IEA Oil Market Report (OMR) for September.

Statoil has awarded Kraemer Maritime AS a contract for supply of provisions to the company’s installations on the Norwegian continental shelf.

The O&G industry is being encouraged to explore and adopt existing tools and technologies, which have the potential to reduce operational costs and boost efficiencies.

A key theme at the SMM Conference in Hamburg last week was the innovation within both the offshore and marine markets aimed at reducing costs and improving operational efficiency.

The deal will see Neptune supply a range of ad hoc engineering and manufacturing services on behalf of the operator, and detailed maintenance of all Repsol Sinopec subsea equipment in the UK Continental Shelf (UKCS).

MEO Australia Limited has provided an update for the farmout process for WA-488-P containing the giant Beehive prospect.

Bengal Energy Ltd has announced that the first four wells of the Cuisinier 2016 five well drilling campaign have been cased as future oil producers in the Murta horizon.

Oil Search (PNG) Limited, has entered into agreements with Gini Energy Limited to acquire a 40% interest in each of PPL 374 and PPL 375.