Atwood Oceanics announced Monday that one of its subsidiaries had reached an agreement for a six-month extension of its existing contract with Eni S.p.A. for the jackup rig, the Atwood Beacon.
DNV GL has been selected by Wintershall Norge AS to provide a frame agreement for global inspection services for its developments offshore Norway. The overall contract is expected to exceed NOK 10 million (about $1.2 million).
Technip SA shares fell the most in almost a year after the company announced plans to cut 6,000 jobs and reduce its fleet of oil-service ships to cope with the slump in crude prices.
Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia.
Technip will accelerate its cost reduction and efficiency efforts worldwide through a restructuring plan in response to the downturn in the oil and gas market.
Brent slid below $60/bbl for the first time since April amid mounting concern about economic stability in Europe and Asia.
Statoil has awarded Baker Hughes Norway the onshore contract for integrated drilling services for Johan Sverdrup.
No one can accuse the Norwegian government of being greedy when it last week decided on the ownership stakes in the giant Johan Sverdrup oil discovery.
Fjords Processing has won three contracts for the delivery of process systems for the Johan Sverdrup development in the North Sea.
After several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Statoil's Gullfaks C platform in the North Sea.
The Research Council of Norway has through the “Petromaks 2” program has awarded 4Subsea funding for a research initiative on corrosion in flexible pipes.
Conductor Installation Services (CIS) has completed a subsea piling operation for Subsea 7 in the UK North Sea.
Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software.
Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio, the company announced Wednesday.
Ukraine halted purchases of Russian natural gas after its bigger neighbor took away most of a price discount and declined to sign a three-way accord with the European Union through the winter heating season.
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.
Work on the steel jacket for Johan Sverdrup field's riser platform is now underway, operator Statoil announced Monday.
Dolphin Drilling has selected Atlas Knowledge to deliver a new system to manage the competence and training of its workforce in the UK.
In his first year as Repsol SA CEO, Josu Jon Imaz helped lead the largest acquisition by a Spanish company this decade, the $13-billion purchase of Talisman Energy Inc.
TGS has entered into a Letter of Intent to acquire Polarcus' multi-client library, with the exception of Australia, for a price of $27.5 million on a cash and debt free basis.