WorldOil Somalia may pay 90% of oil revenue to explorer under draft deal Soma Oil and Gas Holdings Ltd., chaired by former U.K. Conservative Party leader Michael Howard, has proposed a deal with the Somali government that may grant it as much as 90% of the country’s prospective oil revenue. Adelos unveils distributed acoustic sensor solution for upstream oil and gas Adelos Inc. has introduced Adelos 2.0, a fiber optic sensor system designed and optimized for commercial acoustic applications, including upstream oil and gas operations. Remi Eriksen appointed new group CEO at DNV GL The Board of Directors of DNV GL Group has appointed Remi Eriksen as the company’s new Group President and CEO. Sage-grouse plan said to bar drilling on some U.S. land A flamboyant bird will get new protections when federal regulators announce a plan to limit oil and gas drilling on its sprawling western U.S. habitat, which may stave off declaring the greater sage-grouse as endangered. Weatherford V.P. Bill Lane to receive the SPE Gulf Coast Regional Production and Operations Award Bill Lane, Vice President of Emerging Technologies for Artificial Lift, has received the SPE Gulf Coast Regional Production and Operations Award for his outstanding contributions to SPE and dedicated service to the Gulf Coast Region. Engie sees possible exploration, production purchases in months Engie, the French utility giant formerly known as GDF Suez SA, is studying fossil-fuel acquisitions. OneSubsea wins $330 million subsea production system contract OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $330 million for a gas project offshore North Africa. Amec Foster Wheeler awarded LNG contract in Timor-Leste Amec Foster Wheeler has been awarded a pre-FEED (front-end engineering design) contract by the government of Timor-Leste for the proposed Beaço LNG plant. Transocean announces departure of CFO Transocean has announced that Esa Ikaheimonen is stepping down as executive V.P. and CFO with immediate effect. Premier Oil strikes oil in North Falkland basin Premier Oil has struck oil at the Isobel Deep exploration well, 14/20-1, in the North Falkland basin, approximately 30 km south of Sea Lion field. Seadrill drops as rig market gloom seen lasting into 2016 Seadrill Ltd. fell in Oslo trading as the offshore driller controlled by billionaire John Fredriksen sees the rig market remaining challenging until next year after a collapse in oil prices.