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Atwood secures contract extension for Atwood Beacon

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 wins frame agreement with Wintershall Norge

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 shares sink on writedown, job cuts after oil-price slump

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.

Oil falls most in five months as Greece, China boost demand risk

Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia.

Technip to cut 6,000 workers amid oil price slump

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 slumps below $60 as Greece, China put demand at risk

Brent slid below $60/bbl for the first time since April amid mounting concern about economic stability in Europe and Asia.

Baker Hughes bags integrated drilling services contract for Johan Sverdrup

Statoil has awarded Baker Hughes Norway the onshore contract for integrated drilling services for Johan Sverdrup.

Norway baffles analysts by ceding 15 MMbbl from 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 bags process systems delivery contracts for Johan Sverdrup

Fjords Processing has won three contracts for the delivery of process systems for the Johan Sverdrup development in the North Sea.

Subsea 7 installs world's first subsea wet gas compressor at Statoil's Gullfaks platform

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.

4Subsea receives research grant for corrosion in flexible pipes

The Research Council of Norway has through the “Petromaks 2” program has awarded 4Subsea funding for a research initiative on corrosion in flexible pipes.

CIS Group completes subsea piling operation in North Sea

Conductor Installation Services (CIS) has completed a subsea piling operation for Subsea 7 in the UK North Sea.

Emerson improves offering with Yggdrasil acquisition

Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software.

Statoil suspends Scarabeo 5 on overcapacity

Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio, the company announced Wednesday.

Ukraine halts Russian gas purchases as talks on deal fail

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 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.

Kværner Verdal starts construction of steel jacket for Johan Sverdrup

Work on the steel jacket for Johan Sverdrup field's riser platform is now underway, operator Statoil announced Monday.

Atlas Knowledge lands Dolphin Drilling contract

Dolphin Drilling has selected Atlas Knowledge to deliver a new system to manage the competence and training of its workforce in the UK.

Repsol’s CEO courts skeptical investors after $13-billion deal

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 to acquire Polarcus' multi-client library

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.