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UK set to pioneer decommissioning globally as low oil price takes toll

The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become a leader in this field, according to Wood Mackenzie.

Technip awarded umbilical supply contract by Statoil in Norway

Technip’s wholly-owned subsidiary Technip Umbilicals Ltd. has been awarded a contract by Statoil ASA to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway.

Norway wants Statoil, Lundin to stay rivals as ties tighten

Norway’s government, which has called for greater competition in the country’s oil industry, wants Statoil and Lundin Petroleum to remain rivals after the two companies deepened ties this month.

UK grants first fracing rights after ban as gas output sinks

Third Energy UK Gas Ltd. has been awarded permission to hydraulically fracture an existing UK natural gas well, surmounting last-minute protests and reviving a practice not used in Britain for five years.

Statoil cancels rig contract with Seadrill

Statoil has, on behalf of the Aasta Hansteen licence, decided to cancel the contract with Seadrill for the West Hercules drilling rig.

Air Liquide completes acquisition of Airgas

Air Liquide has announced that it completed the acquisition of Airgas, Inc., a supplier of industrial gases and associated products and services.

Oil & Gas UK study identifies new technologies to improve asset integrity

In the critical area of offshore asset integrity, a new study published by Oil & Gas UK promises to broaden awareness of the array of technologies developed and deployed successfully by the industry and other sectors, which could be used to great effect in delivering safe and effective improvements in efficiency.

Shell said to start talks with buyers for North Sea asset sales

Royal Dutch Shell is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group, according to people familiar with the matter.

DEA sets up Norwegian group following E.ON E&P Norge acquisition

DEA has set up a new organization—DEA Norge AS—in Norway following a five-month integration process. The move follows the company's acquisition of E.ON E&P Norge in December.

Oilennium completes popular e-learning course for IWCF

LODDON, United Kingdom -- Oilennium, a Petrofac company that provides eLearning training services to the oil and gas industry, has completed the Well Control Awareness Course (Level 1), which was developed for the International Well Control Forum (IWCF).

Petrofac secures enhanced North Sea contract from Total

Petrofac is set to build on its provision of reimbursable services for Total E&P UK following the award of an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea.

Norway offers thirteen companies production licenses in Barents Sea

Norway’s Ministry of Petroleum and Energy has offered new production licenses to thirteen companies in the 23rd licensing round on the Norwegian Continental Shelf. All ten production licenses are located in the Barents Sea.

Shell faces opposition on CEO's pay as bonus seen as excessive

Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc CEO Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”

Statoil farms into Turkey onshore acreage

Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.

BP doubles its interest in Culzean field in the North Sea

BP announced today it has doubled its interest in the Culzean development in the UK Central North Sea, following its acquisition of an additional 16% interest from JX Nippon.

Hoover Container Solutions appoints Schibevaag as managing director for Europe

Hoover Container Solutions Norway—a subsidiary of Hoover Group, Inc., and Consult Supply, a Hoover company—has appointed Tor Olav Schibevaag as managing director for Europe and Kjetil Skaaren as general manager for Norway.

Wintershall awards Halliburton service contract for Maria project

Wintershall Norge has awarded a four-year service contract to support its exploration and development projects in Norway to Halliburton Norge.

Premier Oil to meet or exceed 2016 production forecast

Premier Oil, an explorer operating on four continents, said it would meet or exceed its production forecast for the year.

INTECSEA senior vice president joins ITF board

The Industry Technology Facilitator (ITF) has appointed Richard Luff to its board as a non-executive director.

Statoil, Maersk Training sign global drilling simulation agreement

Maersk Training has signed a global framework agreement with Statoil to provide drilling simulation training for the next three years with an option to extend for an additional two years.