WorldOil NERA announces funding for subsea equipment reliability project National Energy Resources Australia (NERA) is supporting the Transforming Australia Subsea Equipment Reliability (TASER) project, led by Wood and in collaboration with Chevron, Shell and Woodside, by providing AUD $145,000 of funding over two years. New Products and Services National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools. Enpro Subsea wins frame agreement, supporting Tullow Oil in West Africa Production optimization specialist company Enpro Subsea has been awarded a frame agreement contract to support leading multinational exploration and production (EandP) company Tullow Oil as part of the operator’s strategic activities in Ghana. New subsea technology could generate £3 billion from the North Sea, Wood Mac says Wood Mackenzie and the Oil and Gas Technology Centre announced today that developing new subsea technology and approaches to field developments could help unlock an additional 400 MMbbl of oil and gas and generate £3 billion of additional value. Petrofac awarded follow-on well decommissioning project Petrofac has been appointed to provide outsourced well operator services on the next phase of Tullow Oil’s Thames Decommissioning project, following the award of a new multi-million-dollar contract. Royal IHC hits first milestones for Subsea 7 reel lay vessel Royal IHC has successfully passed the first significant milestones in the design and build process of an integrated reel lay vessel for Subsea 7. TechnipFMC, Island Offshore enter into strategic collaboration agreement TechnipFMC has signed an agreement with the Island Offshore group to acquire a 51% stake in Island Offshore’s wholly owned subsidiary, Island Offshore Subsea AS. BHGE AM '18: Shell exec calls for greater energy renaissance Harry Brekelmans, Royal Dutch Shell PLC's Projects and Technology Director, shared his ideas about what has been accomplished—and how much more needs to be accomplished—in the ongoing energy renaissance, on day one of the BHGE Annual Meeting (BHGE AM). Norway grants drilling permit to Spirit Energy Norge AS The Norwegian Petroleum Directorate has granted Spirit Energy Norge AS a drilling permit for wellbore 35/9-14, cf. Section 15 of the Resource Management Regulations. Enpro Subsea receives PE funding for development of production, intervention technologies Enpro Subsea has secured investment from EV Private Equity (EV) to grow its production optimization business into new and existing international markets and further develop its range of production optimization and intervention technologies.