Offshore ///

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.

BP’s spill deal is ‘catalyst’ for acquirers as uncertainty ends

BP’s $18.7 billion U.S. legal settlement is being cheered by investors and analysts as it ends five years of financial uncertainty. It also makes the British oil producer a more attractive takeover target.

Indian tycoon plans to invest $2.5 billion in Brazil oil and gas

Videocon Industries Ltd., an Indian maker of consumer electronics with ambitions to become a major energy producer, plans to invest as much as $2.5 billion over three years in Brazilian oilfields, Chairman Venugopal Dhoot said.

Millions from BP settlement to benefit Texas Gulf Research

With Thursday’s announcement that BP has settled federal, state and local claims related to the 2010 Deepwater Horizon oil spill for a total of more than $18.7 billion, leaders with Texas’ RESTORE Centers of Excellence are moving forward with plans to use millions in spill-related Clean Water Act funding on research and science activities that will benefit Texas and help to restore the health of the Gulf of Mexico.

ION launches MexicoSPAN in Mexico’s offshore Gulf waters

ION Geophysical Corporation has launched the first phase of MexicoSPAN, encompassing more than 22,000 km of deep-imaged 2D seismic data.

Mexico unveils licensing plan to add million barrels output

Mexico plans to auction 914 onshore and offshore oil areas in the next five years as the historic opening of the country’s energy industry aims to add 1 MMbbl of production by 2025.

PetroRio buys Petrobras’ stake in Bijupirá, Salema fields

PetroRio has signed an agreement to acquire 20% of the rights and obligations of the concession contracts for Bijupirá and Salema fields from Petrobras.

BP pays record $18.7 billion to settle Macondo claims

BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill.

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.

Aqualis Offshore to open South Korea office

Offshore marine and engineering consultancy Aqualis Offshore is to open an office in Busan, South Korea, following increased demand for the company’s services.

PGS inks Mexico cooperation agreement with Spectrum, Schlumberger

PGS has executed an MOU for a cooperation agreement with Spectrum and Schlumberger in Mexico. The collaboration will acquire 80,000 to 100,000 km of modern, long-offset 2D data encompassing all the major hydrocarbon provinces offshore Mexico.

Global Maritime Group bags mooring and rig move contract for Quadrant Energy

Global Maritime Deep Sea Mooring has been awarded a contract for the provision of mooring and rig positioning services to the Australian oil and gas company Quadrant Energy Ltd.

Shell moves ahead with deepwater Appomattox development in Gulf of Mexico

THE HAGUE -- Royal Dutch Shell has announced the final investment decision (FID) to advance the Appomattox deepwater development in the Gulf of Mexico. This decision authorizes the construction and installation of Shell’s eighth and largest floating platform in the Gulf of Mexico.

Fugro finalizes divestment of multi-client data library

LEIDSCHENDAM, Netherlands -- Fugro has finalized the sale of its multi-client data library to Spectrum ASA, for a cash consideration of $115 million.

Statoil suspends Scarabeo 5 on overcapacity

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

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.

Technip wins contract for FPSO destined for Libra field

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd.

CNOOC starts production at Bozhong 28/34 oilfields comprehensive adjustment project

CNOOC Limited’s Bozhong 28/34 oilfields comprehensive adjustment project has commenced production. The Bozhong 28/34 oilfields are located in Bohai, with an average water depth of approximately 22 m.

BP, Anadarko rejected by top U.S. court on Macondo spill fines

The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp. and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.

Logan Industries to supply CCTLF system for Maersk drillship

Logan Industries, based in Hempstead Texas, has recently been awarded with an order for a Compensated Coiled Tubing Lift Frame (CCTLF) for Maersk Drilling. The CCTLF system will be designed and built in-house and is expected to be delivered to Maersk in Q2 2016.