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Wood Mackenzie: Where are all the LNG project postponements?

In a new global gas analysis, Wood Mackenzie remarks that despite the outlook for global LNG demand looking increasingly subdued, the number of LNG projects proposed to take a Final Investment Decision (FID) in 2015 and 2016 has not reduced significantly, in contrast to the 45 upstream oil & gas projects which have been postponed FID so far in 2015.

Subsea specialist Tekmar defies downturn with continued growth

Subsea cable protection specialist, Tekmar Energy, is bucking the market trend after experiencing steady growth in the oil & gas sector during what has been a challenging time for the industry.

Xodus awarded North Sea decommissioning FEED contract with Nexen

Xodus Group has been awarded a contract with Nexen Petroleum UK Limited to provide FEED services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea.

Aptomar opens field monitoring center in Trondheim

Aptomar officially opened its “Aptomarin” marine control center in Trondheim, Norway, on Wednesday. The 24/7 field monitoring operation is available to offshore oil companies operating in the main oil and gas hubs around the world.

Shell-BG merger receives EU antitrust clearance

THE HAGUE -- Royal Dutch Shell’s combination with BG Group has received unconditional merger clearance from the European Commission, Shell said Wednesday.

Subsea 7 wins $150-million contract for Maersk’s Culzean

Subsea 7 has won a subsea, umbilical, riser and flowline (SURF) contract from Maersk Oil, with a value in excess of $150 million, for the Culzean development.

Faroe raises stakes in Blane, Enoch fields with Roc Oil deal

Faroe Petroleum has announced the conditional acquisition of Roc Oil (GB Holdings) Limited, which holds a 12.5006% interest in the Blane Unit in the UK North Sea and a 12.00% interest in the Enoch Unit in the UK North Sea, from Roc Oil (Europe) Limited, a subsidiary of Roc Oil Company Limited.

Scheduling software to offer subsea industry unprecedented cost reductions

International project services consultancy, Cambla, is to release a new version of its state-of-the-art software, the Schedule Animation Tool (S.A.T.), next week at SPE Offshore Europe.

IKM Testing acquires Oceaneering’s machining, cutting business

The IKM Group announced Friday that IKM Testing has entered into a purchase agreement to acquire Oceaneering’s Norwegian onsite machining and cutting business.

Maersk Oil awards integrated services contract to Amec Foster Wheeler

Amec Foster Wheeler has won a three year integrated services contract (ISC) from Maersk Oil. The value of the contract has not been announced.

Total sells North Sea midstream assets for $905 million

Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for around $905 million (£585 million).

CGG completes delivery of Diskos database

CGG has announced today that its E&P data management solution for the seismic, well and production modules in the Diskos database, Norway’s National Data Repository, is now in production and accessible to all members of the Diskos group.

Oil industry needs to find half a trillion dollars to survive

At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.

Subsea UK to support industry with apprenticeships

Subsea UK has launched a new support service to bring fresh, young talent into the subsea sector by making it easier for businesses to recruit apprentices.

Norway authorizes equipment for improved recovery on Gullfaks

The Norwegian Petroleum Directorate (NPD) has granted the licensees of Gullfaks Sør consent for start-up and operation of a new subsea wet gas compressor and umbilical on the Gullfaks field in production licence 050.

Shell spuds Portrush exploration well in Norwegian Sea

AS Norske Shell has started drilling Portrush exploration well 6407/10-5 in the Norwegian Sea, Faroe Petroleum, a junior partner in the license, announced Wednesday.

Petrofac rises as order boost counters delay at North Sea fields

Petrofac Plc, a UK oil-services provider, rose the most in five weeks in London trading as an expanding order backlog countered setbacks in the North Sea.

Exceed launches world’s first decommissioning collaboration tool

The world’s first online information management system for the offshore decommissioning market has been launched by well management and performance improvement specialist, Exceed.

Out in the real world, oil market is much better than it looks

The global oil market is healthier than it looks, signaling that crude’s plunge to six-year lows has probably gone too far.

Aptomar, Statoil sign contract for tactical collaboration and management system

Statoil has opted for Aptomar’s TCMS (tactical collaboration and management system) at the energy company’s field monitoring center at Sandsli in Bergen, Norway.