Hurricane Dora Forms Off Mexico's Pacific Coast
Hurricane Dora formed off the western coast of Mexico in the Pacific Ocean on Monday, but it was expected to slow and remain offshore, the U.S. National Hurricane Center (NHC) said. Dora, the first hurricane to form in the Pacific so far this year, was carrying maximum sustained winds of about 80 miles per hour (130 km per hour) as it whirled about 170 miles (275 km) south-southwest of the port of Manzanillo, the center said.
Aker Solutions to Supply Umbilicals for Coral South FLNG
Aker Solutions was awarded a contract to deliver three umbilicals and associated equipment at ENI's Coral South project, Mozambique's first offshore field development. The work scope includes three steel tube umbilicals that will total more than 19 kilometers in length and connect the Coral South floating liquefied natural gas (FLNG) facility to the field's subsea production system. The umbilicals will be manufactured at Aker Solutions' plant in Moss…
Statoil Decision on Castberg Field in late 2017
* Expected to come on stream in 2022, the Castberg field will be operating for 30 years. * Statoil will invest around NOK 1.15 billion ($135.73 million) per year in operation of the field, amounting to around 1,700 man-years nationally, of which around 500 will be performed in northern Norway.
US Oil Rig Count Climbs for 23rd Week
U.S. energy firms added oil rigs for a record 23rd week in a row, extending a year-long drilling recovery as producers boost spending on expectations crude prices will rise in future months despite this week's decline to a 10-month low. Drillers added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2015, energy services firm Baker Hughes Inc said in its closely followed report on Friday.
Greece Approves Trio of Drillers for Offshore Contracts
Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum for oil and gas exploration and drilling off the island of Crete, its energy ministry said on Friday. The ministry also approved an application submitted by Greece's sole oil producer Energean Oil for offshore drilling in western Greece, the ministry said. Greece's oil and gas resources management company will launch a tender for licences to drill in the respective blocs by the end of next month…
Big Oil turns to Big Data for Drilling Economies
In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth. The sensors are leading Big Oil's mining of so-called big data, with some firms envisioning billions of dollars in savings over time by avoiding outages, managing supplies and identifying safety hazards. The industry has long used sophisticated technologies to find oil and gas.
Statoil Cleared to Use Cap-X Drilling Technology – for Now
A ban on Norway's Statoil using a pioneering drilling technology in the Barents Sea was lifted after a plaintiff failed to post security in a patent dispute, a lawyer said on Thursday. A Stavanger court earlier in June upheld an injunction on the technology's use, pending payment of a 20 million Norwegian crown ($2.35 million) security by privately owned NeoDrill. NeoDrill was unable to post the security due to its "very limited economic position".
UK Mulls Revisiting Oldest North Sea Blocks
Britain wants oil and gas drillers to recover pockets of gas that are more difficult to reach in a part of the North Sea where drilling for fossil fuels started over 50 years ago. Britain's oil regulator, the Oil and Gas Authority (OGA), said on Thursday that some 3.8 trillion cubic feet (tcf) of tight gas remain in the southern North Sea, one of the world's oldest offshore gas extraction areas that has produced more than 40 tcf.
SBM Offshore Awarded Liza FPSO Contract
SBM Offshore said it has secured contracts from ExxonMobil to construct, install, lease and operate a floating production, storage and offloading vessel (FPSO) for the next phase of the Liza project in Guyana. The contracts follow completion of front-end engineering studies and the final investment decision on the project by ExxonMobil. The Liza field is located in the Stabroek block, which covers almost 27,000 square kilometers, circa 200 kilometers offshore Guyana.
DNV GL Bags Maersk Oil's Tyra Verification Service Contract
DNV GL has won a major contract to provide independent verification services for the Maersk Oil redevelopment of the Tyra field, offshore Denmark. The Tyra field in the Danish North Sea has been at the centre of Denmark’s national energy infrastructure since 1984, providing 90% of the country’s gas production. The contract will be coordinated by DNV GL in Denmark, with teams of experts from multiple…
DNV GL, Goldwind in Wind Power Pact
Goldwind International and DNV GL has signed a Memorandum of Understanding (MoU) for optimizing offshore and onshore wind projects. DNV GL to be preferred independent third-party advisor for performance optimization of offshore and onshore wind projects. DNV GL, the world’s largest resource of independent energy experts and certification body, said in a statement that it has signed MoU with Goldwind…
GoM Rigs Evacuated ahead of Storm Cindy
Facing incoming Tropical Storm Cindy, offshore oil and gas operators in the Gulf of Mexico have begun evacuating platforms and rigs as the storm moves north-westward toward the U.S. Gulf Coast. Data from offshore operator reports submitted to the Bureau of Safety and Environmental Enforcement (BSEE) as of 11:30 CDT today indicate that personnel have been evacuated from a total of 40 production platforms, or 5.43 percent of the 737 manned platforms in the Gulf of Mexico.
Faroe Islands Looks to Restart Hunt for Oil and Gas
Oil companies are interested in restarting the hunt for oil and gas in the scarcely explored seas off the Faroe Islands neighbouring the more mature UK North Sea, the head of the Faroese Geological Survey said. No economically viable discoveries have been made on the Faroese shelf but the tiny nation hopes to entice energy firms to restart exploration as it shows them new geological data in London on Wednesday. "Oil firms have in many ways shown interest.
Nipco Launches $16 mln Offer for Mobil Oil Shares
Nipco Plc has launched a 4.84 billion naira ($16 mln) offer for the shares it needs to take its stake in Mobil Oil to 70 percent to comply with Nigerian takeover rules, its advisers said on Wednesday. Nipco's investment subsidiary bought 60 percent of Mobil Oil Nigeria from Exxon Mobil Corp. in October, when the U.S. giant pulled out of downstream fuel distribution in Nigeria. Nipco, which was founded in 2001…
Tropical Storm Cindy Rolls in on US Gulf Coast
Tropical Storm Cindy is likely to hit the Gulf Coast near the Texas-Louisiana border on Wednesday night, threatening to bring flash floods from Texas to Florida, according to the National Hurricane Center. Cindy was located about 165 miles (265 km) south of Morgan City, Louisiana, early on Wednesday with maximum sustained winds of 60 miles (95 km) per hour, the NHC said. The storm was moving northwest at nearly 8 miles (13 km) per hour…
John Crane Signs Three-year North Sea Contract
John Crane Asset Management Solutions has secured a three-year £3 million ($3.8 million) contract to provide condition based maintenance services with a major operator in the U.K. North Sea. The work covers rotating equipment across 12 assets and infrastructure sites and includes deployment of a specialist engineer to the operator’s U.K. offices to support reliability improvement. The agreement, which follows a competitive re-tender…
Norway Offers Record Number of Arctic Exploration Blocks
Norway offered a record number of blocks for oil and gas exploration in the Arctic Barents Sea on Wednesday, brushing off concerns about the risks of drilling in the remote, icy environment. The oil ministry proposed 102 blocks, comprising 93 in the Barents Sea and nine in the Norwegian Sea, despite calls from the Norway's Environment Agency to remove about 20 blocks near Bear Island, an important nesting site for Arctic birds.
Traders Hunt for Shale's Pain Threshold: Kemp
Crude prices are likely to remain under pressure until there are signs the number of rigs drilling for oil in the United States is stabilising or reversing lower. U.S. exploration and production firms have hired 530 extra drilling rigs since the end of May 2016 - 431 to target oil and 99 to focus on gas - according to oilfield services firm Baker Hughes. As a result, U.S. crude and natural gas liquids production is forecast to increase by 780…
Oil Traders Brace for US Gulf Coast Storm
Oil traders from Texas to Louisiana braced on Tuesday for supply disruptions as Tropical Storm Cindy, formed in the U.S. Gulf of Mexico, threatened to hit refining and production centers with wind and rain later this week. Cindy was located about 265 miles (430 km) south of Morgan City, Louisiana with maximum sustained winds of 45 miles (75 km) per hour. It is expected to approach the coast of southwest Louisiana late Wednesday or Wednesday night…
Offshore Gas Safety atop the Agenda for Martek Marine
Maritime industry technology specialists Martek Marine say it is setting the bar high when it comes to offshore gas safety. The company has developed a first-of-its-kind gas sampling system for a new moored floating production unit, which forms part of the Jangkrik Complex gas fields development in Indonesia. The system has been developed to dramatically improve offshore crew safety through the use of advanced gas sampling technology.
OPEC Should Heed Achnacarry Lessons: Kemp
OPEC members are struggling to protect their revenues in the face of renewed competition from U.S. shale producers and other suppliers outside the organisation. OPEC's revenues from petroleum exports have fallen to just $446 billion in 2016 from $1.2 trillion in 2012 ("Annual Statistical Bulletin", OPEC, 2017). But past experience strongly suggests OPEC's effort to stabilise oil inventories and prices while protecting its market share will fail.
Mexico Auctions Two-thirds of Blocks in Shallow Water Oil Tender
Mexico on Monday auctioned two-thirds of the shallow water oil and gas blocks up for grabs in the latest round of its energy market opening, surpassing the cautious estimates of officials last week. Italy's Eni, Colombia's Ecopetrol and Capricorn Energy, a unit of Edinburgh-based Cairn Energy , were among the companies at the forefront of the bidding for 15 blocks in the southern Gulf of Mexico. Ten of the 15 blocks were taken up in the auction.
World's Largest Modularized Cracking Furnace to be Built
Wison Offshore & Marine has announced that the company has been awarded a contract to fabricate modules for 9 sets of 200,000t/y ethylene cracking furnaces for an integrated refining and petrochemical complex of Zhejiang Petrochemical Co. Ltd. in Zhejiang Province, China. The cracking furnaces will become the world's largest single cracking furnace that will be modularized and transported in its entirety.
Mexico Awaits Next Oil Round with Cautious Optimism
Mexico is looking forward to its next round of offshore oil auctions on Monday with guarded optimism thanks to robust interest from oil majors for the shallow-water tenders. On Monday, Mexico auctions 15 oil and gas blocks along the southern coastal waters of the Gulf of Mexico in the next stage of the country's historic opening of the industry following a 2013-14 energy reform. In December 2013 Congress…
Exxon, Partners Set $4.4 Bln for Oil Project Offshore Guyana
Exxon Mobil Corp said on Friday it and partners would spend $4.4 billion to develop part of the Liza oilfield off the coast of Guyana, approving a megaproject at a time when the oil industry has grown obsessed with lower-cost shale. Exxon's decision shows that oil companies remain interested in large projects, especially offshore, even in an era of belt-tightening after two years of low crude prices.
Exxon to Develop Liza Field Offshore Guyana
Exxon Mobil Corp, the world's largest publicly traded oil company, said on Friday it would proceed with the development of the Liza oil field, located offshore Guyana. Production from the field, one of the largest oil discoveries of the past decade, is expected to begin by 2020, Exxon said. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar)
Mercuria, PetroChina Selling Offshore Stored Fuel Oil
Three to four tankers storing fuel oil, down from eight or nine. Independent trading house Mercuria and Chinese state oil giant PetroChina are selling fuel oil stored in vessels off Singapore and southern Malaysia on strong demand from the shipping and power sector, several trade sources said on Friday. The number of vessels storing fuel oil has halved from a month ago as Mercuria and PetroChina may have resold cargoes purchased over March to May, the sources said.
Norway Wants Oil Companies to Use Technology to Boost Output
Norway wants oil companies to look into using specialised technology to pump more crude and natural gas, the country's petroleum regulator said on Thursday, potentially producing billions of extra barrels as well as tax revenues. Enhanced oil recovery (EOR), such as injection of polymers or carbon dioxide into reservoirs, could help to produce an additional 320-860 million cubic metres (2-5.4 billion barrels) of oil equivalents from the 27 largest fields offshore Norway…
Greece, Israel, Cyprus to Speed up Mediterranean Pipeline Efforts
Greece, Israel and Cyprus said on Thursday they would speed up plans for the development of a pipeline channelling gas to Europe from newly discovered east Mediterranean reserves. European governments and Israel agreed in April to move forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe, setting a target date of 2025 for completion. Europe is keen to diversify its energy supplies…
BP, Reliance to Invest $6 Bln More in Offshore Gasfield
BP and India's Reliance Industries Ltd will invest a further $6 billion in their jointly owned KG D6 gas field off India's eastern coast, the heads of the two companies said on Thursday. BP Chief Executive Bob Dudley, appearing alongside Reliance Chairman Mukesh Ambani at a news event in New Delhi, told reporters the additional investment signalled its confidence in India. Reliance holds a 60 percent stake in a gas block in the Krishna Godavari (KG) basin…
TechnipFMC & the Future of 'Super-profit Oil'
TechnipFMC’s Andersen discusses the way forward now that “super-profit oil” is over. Ann Kristen Andersen heads up oilfield projects as offshore services and equipment supplier TechnipFMC’s managing director for Norway and Russia. She started her job on the first day of February 2017, a month after a merger that changed the company and has already partly changed an industry beginning to ramp up activity with the oil price buoyant at $55 per barrel.
Egina FPSO to Arrive in Nigeria
On a recent visit to South Korea to inspect the Egina FPSO project, and FPSO scheduled to arrive in Nigeria in August 2017, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside said the ongoing construction of the multi-billion dollar Egina Floating Production Storage and Offloading (FPSO) project will increase the knowledge base of NIMASA as a safety administration and enhance its regulatory capacity.
Uganda to Finalize Oil Exploration Deal with Nigerian Firm
Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said on Wednesday. The firm, Oranto Petroleum International, was among a number of companies that bid in the country's first competitive oil exploration licensing round last year, with two other Nigerian firms and Australia's Armour Energy also getting through to final negotiations for the award of the PSAs.
Statkraft to Sell its Stakes in Two UK Wind Farms
Norway's power firm Statkraft will launch the sale of its entire stakes in two wind farms offshore Britain, Sheringham Shoal and Dudgeon, in coming weeks, a spokesman for the company said on Tuesday. The state-owned company aims to conclude the sale of its 40 percent and 30 percent stakes in the Statoil-operated wind farms before the end of 2017, and potentially to close in the beginning of 2018, he added. (Reporting by Nerijus Adomaitis)
Crew Energy Suspends Production at Montney Facility
Canadian exploration and production company Crew Energy said it would temporarily suspend production at its Montney facility after Alliance Pipeline Ltd Partnership detected slope movement near a pipeline close to the Wapiti River. The suspension will result in all of Crew's Montney production being shut-in, representing about 90 million cubic feet per day (mmcf/d) of natural gas and other liquids.
BV Approvals Help Propel Floating Offshore Wind Sector
Bureau Veritas has issued a Preliminary Design Approval for a Floating Offshore Wind Turbine (FOWT) foundation designed by DCNS Energies. The floating foundation is based on a semi-submersible floater, designed to be competitive, adapted to mass production, easily towable, connectable and dis-connectable, and adaptable to site conditions and local industrial environments. This approval was provided as part of the General Electric (ex-Alstom) and DCNS Energies Sea Reed project…
World First: Commercial Onshore Remote WROV Ops
Norwegian ingenuity in the subsea space strikes again, as IKM Subsea, based in Bryne, Norway, has opened what it believes is the world’s first commercial onshore controlled ROV operations. In the near future up to three Work class ROVs and one Observation ROV on Statoil’s Snorre B and Visund installations will be controlled from IKM Subsea’s onshore control center. One of the Work Class ROVs (RROV)…
Tampnet Awarded Johan Sverdrup Contract
Tampnet, provider of high-capacity, low-latency based telecommunication infrastructure and services for the offshore oil and gas industry, was awarded a contract by Statoil for connecting the Johan Sverdrup field to their existing 2,500km subsea fiber infrastructure in the North Sea. This contract and turn-key project will optimize and strengthen the telecommunication infrastructure for this modern and digitalized field development.
Statoil Denies Patent Infringement, Keeps Drilling in the Barents Sea
Norway's Statoil said on Monday it would keep drilling exploration wells in the Barents Sea using what it called "regular equipment" after a court upheld an injunction in a patent dispute over specialised drilling technology. Statoil said the Stavanger court had lifted an injunction on the use of its Cap-X technology in the Blaaman well, where drilling was suspended earlier, but had upheld a ban on the four other Arctic wells planned to be drilled this year.
Statoil Aims to More than Triple Brazil Output
Norwegian oil and gas firm Statoil aims to more than triple its production in Brazil and will seek to become operator for the entire Carcara discovery, among the world's biggest in recent years, the firm's country manager said. Statoil has invested more than $10 billion in Brazil, making it the country's largest foreign offshore operator, and the Peregrino heavy oil field 85 kilometres off the coast of Rio de Janeiro is the biggest it operates outside Norway.
US Drillers Continue to Add Oil Rigs
U.S. energy firms added oil rigs for a record 21st week in a row, extending a year-long drilling recovery as producers boost spending on expectations crude prices will rise in future months. Drillers added 8 oil rigs in the week to June 9, bringing the total count up to 741, the most since April 2015, energy services firm Baker Hughes Inc said on Friday. That is more than double the same week a year ago when there were only 328 active oil rigs.
EU Seeks Mandate for Talks with Russia Over Nord Stream 2
The European Union's executive on Friday asked 28 governments in the bloc to give it the authority to negotiate with Russia to ensure its laws are respected in building the Nord Stream 2 gas pipeline, a project that has divided EU states. Poland, the Baltic states and others say Nord Stream 2 would increase EU dependence on Russia's Gazprom, which already supplies about a third of the bloc's gas. Backers such as Germany say it will offer the EU cheaper supplies.
New BSEE Rule Allows More Development Time
A final regulation by the Bureau of Safety and Environmental Enforcement (BSEE) doubles the amount of time offshore oil and gas operators will have to coordinate development operations and retain their leases in federal waters of the U.S. Outer Continental Shelf (OCS). “This rulemaking extends the time from 180 days to one year between production, drilling or well-reworking operations on a lease,” said BSEE Director Scott Angelle.
Oil Production Stages Unlikely Comeback in Congo Republic
As low oil prices hit economies across Africa, one unlikely country is boosting output and attracting major investment that could make it one of the continent's largest producers by next year. Congo Republic, whose oil sector was ravaged by a dip in prices and production since 2014, has been rejuvenated by new projects scheduled to boost output by 25 percent to 350,000 barrels per day (bpd) next year and help an ailing economy hobbled by huge debt, civil unrest and deep-rooted corruption.
Craig Joins Teekay Offshore Board
Teekay Offshore Partners L.P. announced that Ian Craig has accepted an invitation to join Teekay Offshore's Board of Directors, effective June 6, 2017. Craig has served in various executive positions in Shell, most recently in Nigeria where he was Executive Vice President for Sub-Saharan Africa, and in Russia where he was CEO of Sakhalin Energy, an incorporated joint venture of Gazprom, Shell, Mitsui and Mitsubishi.
Statoil Eyes Japan, US for Floating Wind Projects
Norwegian oil company Statoil is targeting Japan and the U.S. states of California and Hawaii to expand its floating offshore wind turbine business, the head of its New Energy Solutions business told Reuters. Statoil will later this year open the world's first floating wind turbine park off the coast of Scotland, a technology that allows wind energy to be harnessed further out at sea where wind speeds are typically higher.
Drilling Rig in Norway Gets All its Power from Land to Cut Emissions
An offshore drilling rig hired by Norwegian oil and gas producer Aker BP is getting all its power from electricity produced onshore, the firm said on Thursday, in a move that cuts carbon emissions and could be a world first. The Maersk Invincible rig, which is operating at the Valhall field in the North Sea, is connected with a 500-metre long cable to the field's Valhall platform which is in turn powered by a 294-kilometre long subsea cable linked to Norway's shore.
Iran: Qatar Crisis Not to Impact Work at South Pars Gas Field
Iran's Oil Minister said on Wednesday Qatar's regional isolation will not affect Tehran's plans to develop its vast South Pars offshore gas field that it shares with the Arab Gulf country, state TV reported. "We will continue our work as planned. There is no problem," Bijan Zanganeh said. In a heightened crisis between Arab states, Saudi Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain severed relations with Qatar on Monday and closed their airspace to commercial flights…
Partners Aim to Advance Methane Harvesting Tech
Mitsui Engineering & Shipbuilding Co., Ltd. (MES), one of major heavy industry manufacturers in Japan, has partnered MHWirth, a global provider of drilling solutions and services, to harvest shallow methane hydrates from the seabed of the Japan Sea. Methane hydrates generally are categorized as either shallow-type or pore-filling sand-layer type. For pore-filling sand-layer methane hydrates, the studies for the recovery have been conducted since around FY2001 in Japan.
Nations, Industry Pledge EU Offshore Wind Expansion
Germany, Denmark and Belgium joined with 25 companies on Tuesday to back a pledge to increase Europe's offshore wind capacity almost fivefold in the next decade. The joint declaration, signed by energy ministers for the three countries and firms including Dong Energy and Siemens Gamesa, said the countries and companies would work together to deliver 60 gigawatts (GW), or at least 4 GW a year of offshore wind capacity in Europe in the 2020s.
Germany Won't Raise Offshore Wind Target until Grid Complete
Germany does not intend to raise its 2030 target for offshore wind capacity until the country's north-south grid expansion has been completed, Germany's State Secretary for Energy said on Tuesday. "As long as we have not expanded the grid we will not increase our target for 2030," Rainer Baake told reporters at an industry conference in London. Reporting by Karolin Schaps and Susanna Twidale
Colombia Oil Industry Threatened by Local Opposition
Colombia's oil industry is threatened by a growing number of public referendums that seek to ban crude production, the country's oil association said on Monday, as the mining sector faced similar votes. The warning from the Colombian Petroleum Association (ACP), which represents private producers in the Andean country, came one day after residents of Cumaral municipality in Meta province voted by a large majority to ban crude exploration, drilling and production.
Global Marine Group Keeping Busy in 2017
Offshore engineering firm the Global Marine Group (GMG) reported a busy first five months of 2017 with a strong outlook for the rest of the year. The company said all key assets from the GMG fleet are currently mobilized, either supporting maintenance zone agreements around the world, or on installation, maintenance or repair contracts. “As we head into the summer months, we are extremely pleased about our robust activity level…
Sea Swift: New Platform Operational in Egypt
Global offshore engineering solutions provider Aquaterra Energy has designed, fabricated and installed a new Sea Swift platform for PICO Petroleum Integrated Services, the lead contractor for Amal Petroleum Company’s (AMAPETCO) Amal field in the Gulf of Suez, offshore Egypt. The Sea Swift is a Conductor Supported Platform (CSP) and is installed in 23 meters water depth. It included a 385 metric ton topside featuring a helideck and emergency accommodation with provision for six wells.
Genel's Rothschild Quits as Turkey Gas Focus Grows
Departure follows that of Chairman Tony Hayward; Company now focused on Turkish gas market. Genel Energy co-founder Nathaniel Rothschild quit on Monday in the latest high-profile departure from the loss-making Iraqi Kurdistan oil producer, which is switching its focus to the Turkish gas market. The majority of the board of Genel, which also announced the exit of non-executive director Simon Lockett…
Equatorial Guinea Inks Production Deal with ExxonMobil
Equatorial Guinea has signed a production-sharing contract for offshore block EG-11 with U.S. oil major ExxonMobil, the hydrocarbons ministry said on Monday. "Block EG-11 is the jewel among a group of already very prospective blocks that we are signing in 2017," said Gabriel Obiang Lima, the minister of mines and hydrocarbons in Sub-Saharan Africa's third largest producer. ExxonMobil already operates Zafiro field…
Delfin Project Gains US Approval to Export LNG
The U.S. Department of Energy (DOE) has approved a long-term application to export liquefied natural gas (LNG) from the first offshore project, Delfin LNG, LLC. Exports in the amount of 1.8 billion cubic feet per day (Bcf/d) of natural gas are approved from Delfin’s proposed offshore Louisiana floating LNG terminal in the Gulf of Mexico. Development of the Delfin project offshore of Cameron Parish, La. will include the construction of floating liquefaction and storage vessels.
New Fresh Water System for Offshore Wind Park
Dutch water treatment specialist Hatenboer-Water has completed delivery of a customized fresh water system for a leading construction company of offshore wind turbine platforms. The project included the design and engineering work, construction and installation of a complete water treatment package. With this commission, Hatenboer-Water installed its first water treatment system in the unmanned platforms market.
BP, Rosneft Agree to Cooperate in Gas Business
Rosneft and BP have signed an agreement on strategic cooperation in gas and a Memorandum of Understanding (MoU) in respect to the sale and purchase of natural gas in Europe. The two companies agreed to develop integrated cooperation in gas and aim to jointly implement gas projects in Russia and abroad focused on gas exploration and production, LNG production, supply and marketing. Rosneft and BP also reconfirmed their mutual interest in cooperation in European gas marketing.
BW Offshore CEO Sees Signs of Recovery
BW Offshore, which delivers floating production services to the oil and gas industry, sees signs of an improved market. "It's still early days but we definitely see a pick-up in discussions and tendering activity," CEO Carl Arnet said during the firm's first-quarter earnings presentation. Says Brazil will be important but also sees activity elsewhere. BW Offshore reported Q1 earnings below forecast on Monday.