Offshore ///

Reliance said to revive offshore gas project by end-2017

Reliance Industries Ltd. is preparing to restart work in four offshore oil and gas blocks, including one of India’s biggest natural gas discoveries, as it seeks to revive development activity stalled for seven years by disputes with the government, according to people with knowledge of the plan.

Shell awards Parque das Conchas subsea pump contract to Sulzer, FMC

Sulzer and FMC Technologies have received a subsea multiphase boosting pump contract to upgrade one of the pumping modules in Shell’s Parque das Conchas, a deepwater field off the coast of Brazil.

Cyprus to receive new offshore natural-gas bids in July

The Cypriot government will receive bids on July 22, under the latest round of licensing for offshore oil and natural-gas exploration and expects any agreements with companies to be struck by early next year, Energy Minister Georgios Lakkotrypis said.

Seadrill drops as CEO says drillship firesale was overpriced

The offshore drilling market is in such bad shape that when a rival recently bought a rig for less than a 10th of its new-build cost, it probably overpaid, according to Seadrill Ltd. CEO Per Wullf.

SOCAR and BP sign agreement to explore Block D230 in Absheron basin, Caspian Sea

The State Oil Company of the Azerbaijan Republic (SOCAR) and BP signed a memorandum of understanding (MOU) to jointly explore potential prospects in Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea.

BP boosts Thunder Horse production with water injection project

BP has started up a major water injection project at its Thunder Horse platform, extending the production life of one of the biggest deepwater fields in the U.S. Gulf of Mexico.

TGS announces new multi-client 3D program in Newfoundland-Labrador

TGS announces the expansion of its multi-client library offshore Eastern Canada, with plans to acquire approximately 2,000 km² of 3D seismic data, in partnership with PGS.

UK set to pioneer decommissioning globally as low oil price takes toll

The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become a leader in this field, according to Wood Mackenzie.

Technip awarded umbilical supply contract by Statoil in Norway

Technip’s wholly-owned subsidiary Technip Umbilicals Ltd. has been awarded a contract by Statoil ASA to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway.

Aqualis Offshore secures third ONGC contract

Aqualis Offshore has been reappointed by United India Insurance Company to provide marine warranty services to Oil and Natural Gas Corporation Limited’s (ONGC) assets offshore India.

Sparrows Group seals inspection contract with Stena Drilling

Sparrows Group has been awarded a 20-month inspection services contract to cover Stena Drilling’s global fleet of drilling vessels.

JDR awarded steel tube contract by GE

JDR, a UK-based supplier of subsea umbilicals and power cables to the offshore energy industry, has been awarded a contract by GE Oil & Gas, on behalf of operator ONGC, for the Vashishta & S1 project.

World better forget about $100 crude coming back, Norway says

The oil market is rebalancing, but don’t count on ever seeing prices at $100 a barrel again: that’s the clear message from Norway’s petroleum and energy minister.

Conventional discoveries outside North America at lowest since 1952: IHS

Volumes for conventional oil and gas discoveries made outside of North America have continued their multi-year decline, and the results are dramatic—just 12 Bboe of estimated recoverable resources were discovered in 2015, a record low since 1952, when discoveries reached just 7.8 Bboe, according to new analysis from HIS.

Offshore drilling foes invoke 1953 law to prod Obama on U.S. ban

Environmental activists who dangled from bridges and paddled kayaks around an Arctic rig have a new strategy for stopping oil development off U.S. coasts: persuading President Barack Obama to use a 1953 law to bar offshore drilling permanently.

Statoil cancels rig contract with Seadrill

Statoil has, on behalf of the Aasta Hansteen licence, decided to cancel the contract with Seadrill for the West Hercules drilling rig.

COSL wins contract for 3D seismic acquisition in Arctic waters

Recently, China Oilfield Services Limited (COSL) was awarded a contract for 3D seismic acquisition, covering a total area of more than 4,000 km2 in Arctic waters, which has become COSL’s first great order for 3D seismic operations in Arctic waters.

Oil & Gas UK study identifies new technologies to improve asset integrity

In the critical area of offshore asset integrity, a new study published by Oil & Gas UK promises to broaden awareness of the array of technologies developed and deployed successfully by the industry and other sectors, which could be used to great effect in delivering safe and effective improvements in efficiency.

Wintershall Norge makes small discovery in the North Sea

Wintershall Norge AS, operator of production licence 248, has completed the drilling of wildcat wells 35/8-6 S and 35/8-6 A.

Offshore leasing program lacks vision, doesn’t reflect U.S. energy leadership: API

API has called on the federal government to align its offshore leasing program to reflect America’s new role as a global energy superpower and focus on the opportunities this creates for the country.