WorldOil Bibby Offshore secures multi-million North Sea contract Bibby Offshore, a leading subsea services provider to the oil and gas industry, has secured a two-phase multi-million pound contract with a leading oil and gas and production company. Norway's $1-trillion wealth fund moves closer to oil exit Norway’s $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks. Aker BP granted drilling permit for appraisal wells southeast of Alvheim field The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/4-12 S and well 25/4-12 A, cf. Section 15 of the Resource Management Regulations. Suez, Halvorsen TEC to supply seawater sulfate removal system for Johan Castberg project After completing an engineering and design study for a seawater sulfate removal unit (SRU) system to help protect production wells for its Johan Castberg project in Norway, Statoil awarded a consortium, led by SUEZ and Halvorsen TEC, the contract to supply the equipment and complete the project. Simmons Edeco wins major North Sea contract for wellhead and valve maintenance Simmons Edeco, a supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has been awarded a multi-million pound contract by a major North Sea oil and gas operator. Germany brushes aside U.S. objection to Russia gas pipeline link Germany brushed aside U.S. concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests. No end in sight for European gas rally as oil hits $80 Higher European natural gas prices are here to stay. BP, Conoco said to be in talks for asset swap deal BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the UK energy major gain a greater foothold in a key project in the North Sea and the U.S. explorer gain Alaskan assets, according to people familiar with the talks. U.S. threatens sanctions if Nord Stream 2 project proceeds The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions. Faroe Petroleum completes sale of Fenja field interest Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced the completion of the previously announced sale of its 17.5% working interest in the Fenja development, located in PL586 in the Norwegian Sea.