Aker Solutions received a notification of award for orders valued at more than NOK 1.7 billion from the CNOOC to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field.
BP has started production at its deepwater Thunder Horse Northwest Expansion project in the U.S. Gulf of Mexico (GoM), marking the fourth major project startup for the British major this year.
Global natural gas markets are being reshaped by the development of major emerging LNG buyers led by China, and the rising production and exports form the U.S.
Dril-Quip (Europe) Ltd. has entered into a front-end engineering and design contract and frame agreement with Premier Oil Exploration and Production Ltd.
Tidewater and GulfMark Offshore have announced the filing of a joint definitive proxy statement and prospectus with the US Securities and Exchange Commission regarding their pending merger.
UTEC, a global surveying company in subsea services group Acteon, recently commissioned its new LARS for the fleet of seven autonomous underwater vehicles it uses for seabed surveys in the oil and renewables industries.
Shell, through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA, to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. for a consideration amount of $1.9 billion.
Firmer oil prices and improving sentiment have been catalysts for several key strategic moves in recent days, as offshore contractors align themselves to make the most of the imminent upturn.
