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Petrofac secures first well management contract of 2016

SPD Ltd., part of the Petrofac Group, has secured a contract from Zennor Petroleum to provide well design and well construction management services, to support the Finlaggan appraisal well, which is in the Central Sector of the North Sea.

Aker Solutions to deliver concept study on future Johan Sverdrup phases

Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup field, Norway's largest oil find in three decades.

OPEC sees steeper drop in rivals’ supply as price curbs spending

OPEC revised estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated.

Gloomy outlook dominates UK’s oil and gas sector

LONDON -- Companies in the UK oil and gas industry are increasingly pessimistic about their business prospects, according to Oil & Gas UK’s Q4 2015 Business Sentiment Index.

Aibel awarded new study for Johan Sverdrup development

Aibel has been assigned an important study for Statoil’s Johan Sverdrup development. The Stavanger-based company is one of those working on a C study for the second phase of the field's development.

Iran sees oil exports to Europe at 54% of pre-sanctions level

Iran will start sending 300,000 bpd of crude to Europe, 54% of the total it shipped before authorities on the continent put an embargo in place.

Schlumberger-Cameron merger receives European clearance

HOUSTON -- The European Commission has cleared Schlumberger and Cameron's proposed merger without any conditions following a Phase 1 review.

Siemens joins forces with oil and gas control system specialist EFC Group

Siemens UK & Ireland has formed a strategic partnership with oil and gas control system specialist EFC Group, in a collaboration which promises to deliver innovative, cost-saving solutions for the industry.

UK offshore union calls for emergency measures to save future North Sea production

Unite, Britain’s biggest offshore oil trade union, has warned the UK government that billion-pound losses announced this week by oil industry supermajors could, without serious interventions, bring an end to meaningful production in the North Sea within years.

Sound Energy reports first gas from Nervesa discovery

Sound Energy achieved first commercial gas production from the company’s wholly owned Nervesa gas discovery on Wednesday, the company said in a statement.

Lundin suffers biggest loss as oil collapse forces impairments

Lundin Petroleum suffered its biggest ever quarterly loss as the collapse in oil prices forced the Swedish explorer to book impairment charges.

Statoil awards contracts for Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog

Statoil has awards contracts, with a combined value of approximately NOK 1.6 billion, for Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog.

ConocoPhillips awards two MMO contracts to Aker Solutions

Aker Solutions' maintenance, modifications and operations (MMO) business in Norway has secured two contracts for work at North Sea fields operated by ConocoPhillips.

Norway's Petroleum Safety Authority slams Statoil over Gudrun leak

Norway's Petroleum Safety Authority on Monday slammed oil and gas producer Statoil ASA for serious breaches of regulations after a 2015 leak at Gudrun field in the North Sea

Statoil awards NCS helicopter contracts to Bristow

Statoil has awarded Bristow Norway contracts for personnel transportation from Bergen and Florø starting on May 1, 2017.

Supportive measures will strengthen industry emergence, says Oil & Gas UK

Welcoming the further measures to boost the UK oil and gas industry announced by the Prime Minister at a meeting with senior industry leaders this afternoon, Deirdre Michie, Oil & Gas UK’s chief executive, said: “The Prime Minister has signaled his on-going commitment to the UK oil and gas industry, which we very much welcome."

Marathon Oil awards North Sea umbilical contract to JDR

Marathon Oil has awarded JDR a contract for the design and manufacture of 11.3 km of power and static subsea umbilicals, with accompanying termination hardware, for West Brae field.

Aker Solutions to deliver FPSO concept study for Statoil’s Johan Castberg

Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg field development in the Barents Sea.

Aker Solutions wins MMO contracts for Åsgard A

Statoil has awarded Aker Solutions a front end engineering design (FEED) contract for the tie-in of Trestakk field to the Åsgard A production vessel in the Norwegian Sea.

Aberdeen-based engineering consultancy PDi acquired

Project Development International (PDi) is under new ownership following its acquisition by Tattva International Holdings, the Aberdeen-based company said Monday.