WorldOil Statoil submits $115-million development plan for Gullfaks area Statoil and its partners have submitted an amendment to the Plan for Development and Operations (PDO) for the Gullfaks license to Norway’s Ministry of Petroleum and Energy for phase 1 of the Shetland/Lista development. Technip wins contract for FPSO destined for Libra field Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. CNOOC starts production at Bozhong 28/34 oilfields comprehensive adjustment project CNOOC Limited’s Bozhong 28/34 oilfields comprehensive adjustment project has commenced production. The Bozhong 28/34 oilfields are located in Bohai, with an average water depth of approximately 22 m. Wood Group acquires BETA Machinery Analysis Wood Group has acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at $14.3 million. Rig rout puts smaller drillers in front as majors scale back LONDON (Bloomberg) -- Crude oil’s plunge is leaving drilling rigs idle from Africa to Latin America as the world’s biggest energy companies curtail spending and stall projects. Their smaller rivals are seizing the opportunity to gain ground. Oil holds losses below $60 as nuclear talks set to miss deadline Oil held losses below $60/bbl as investors weighed the prospects of Iran increasing crude exports in an oversupplied market. BP, Anadarko rejected by top U.S. court on Macondo spill fines The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp. and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill. DCP Midstream Partners' Lucerne 2 plant now serving the prolific DJ Basin DCP Midstream Partners announced its new 200 MMcfd Lucerne 2 natural gas processing plant is now in service, increasing the Partnership's processing capacity in the DJ Basin to approximately 400 MMcfd. Xodus secures new ZADCO vibration contract Xodus Group has been awarded a contract for the vibration assessment and analysis on the oil train piping and structures for Zakum Development company (ZADCO) at Zirku Island, 140 km north-west of Abu Dhabi. New appointments and mergers at Ministry of Mines, Industry and Energy and GEPetrol will strengthen Equatorial Guinea oil sector The Ministry of Mines, Industry and Energy of Equatorial Guinea has announced new government appointments and mergers of key internal departments that will streamline its operations and contribute to an overall improvement of governance in Equatorial Guinea, says Centurion Law Group. Meanwhile, GEPetrol’s hiring of a new General Director and other key directors as part of a strategic restructuring will make the national oil company better positioned to carry out its expansion. Logan Industries to supply CCTLF system for Maersk’s drillship Maersk Voyager Logan Industries, based in Hempstead Texas, has recently been awarded with an order for a Compensated Coiled Tubing Lift Frame (CCTLF) for Maersk Drilling. The CCTLF system will be designed and built in-house and is expected to be delivered to Maersk in Q2 2016.