Offshore ///

GE opens new facility in Australia to support subsea projects

GE has announced the official opening of a new oil and gas facility in Broome, Western Australia, specifically designed to service subsea projects.

Statoil delays Castberg, Snorre projects to cut costs

STAVANGER, Norway -- The licensees in the Johan Castberg and Snorre 2040 licenses have decided to spend more time on the projects, Statoil announced Friday.

BP finalizes $12-billion deal to develop Egypt’s West Nile Delta

BP announced Friday that it has signed the final agreements of the West Nile Delta project to develop 5 Tcf of gas resources and 55 MMbbl of condensates with an estimated investment of around $12 billion by BP and its partner.

Statoil to drill UKCS Catcher and Mariner wildcats

STAVANGER -- Statoil is preparing to drill two UKCS wells in the Spring -- one in the Catcher area of the Central North Sea and the other in the Northern North Sea to the west of the Mariner field.

Honeywell wins contract for third HLJOC platform offshore Vietnam

Honeywell Process Solutions announced Thursday it has been selected to handle critical project management and engineering for a third oil and natural gas platform that will tap energy reserves off the coast of Vietnam.

Lamprell delivers second jackup to Greatship Group

Lamprell has announced the completion of construction on a further jackup rig, the Greatdrill Chaaru, and its delivery to Greatship Global Energy Services Pte. Ltd.

Rosneft, Golar LNG to partner on FLNG

Rosneft and Golar LNG Ltd. have entered into a Memorandum of Understanding that foresees cooperation between the companies in the area of floating liquefaction and transportation of natural gas.

Woodside gets green light for Apache Corp. deal

The Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose Woodside’s proposed acquisition of Apache Corporation’s interests in the Wheatstone, Balnaves and Kitimat Projects.

Seadrill braces for two more years of rig pain after oil slump

Seadrill, the offshore oil driller controlled by billionaire John Fredriksen, said the rig market is unlikely to recover for at least two years following a slump in crude prices.

Caley and Umbilicals International to offer integrated intervention systems

Offshore handling systems producer Caley Ocean Systems and umbilical and cable maker Umbilicals International have joined forces to offer operators and offshore contractors integrated solutions for the deployment of subsea packages and well intervention systems.

VAALCO spuds Kindele-1 well offshore Angola

VAALCO Energy has spudded the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola on Mar. 02.

Exxon cuts 2015 spending 12% to $34 billion

Exxon Mobil Corp. anticipates capital spending of about $34 billion in 2015—12% less than in 2014—as it continues to bring major projects online, the company reported Wednesday.

Norway’s PSA to investigate accident on Transocean Barents

Petroleum Safety Authority Norway (PSA) has launched an investigation into an incident on Transocean Barents when a roughneck suffered crush injuries..

Lundin spuds wildcat on Morkel prospect in northern North Sea

Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has commenced drilling of exploration well 33/2-2S in PL579.

Polarcus wins 3D survey offshore Egypt

DUBAI -- Polarcus has received an award from an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND technique for broadband data acquisition.

Aqualis Offshore wins Brazilian FPSO contract

OSLO, Norway -- Aqualis Offshore, part of Oslo-listed Aqualis ASA, has won an important contract for an FPSO project in Brazil.

Oil production in federal GoM to continue increasing, EIA says

Because of the long timelines associated with Gulf of Mexico (GoM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GoM crude oil production through 2016, according to the U.S. Energy Information Administration's Today in Energy report..

UK’s Forum Energy granted force majeure amid China, Philippines dispute

Forum Energy confirmed Monday that the Philippine Department of Energy had granted a force majeure on Service Contact 72 because this contract area falls within the territorial disputed area of the West Philippine Sea, which is the subject of a UN arbitration process between the Philippines and China.

U.S. to offer all available acreage in Western GoM in August lease sale

BOEM Director Abigail Ross Hopper has announced that the bureau will offer more than 21 million acres offshore Texas for exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.

McDermott bags EPCI project offshore Qatar

McDermott International has been awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar.