EnerMech awarded subsea contract in Australia

EnerMech has been awarded its first contract by Subsea 7 for Woodside-operated North West Shelf (NWS) Project’s Persephone project...

OPEC and non-OPEC members agree to oil cut deal

OPEC and non-OPEC members signed on Saturday their first deal since 2001 to curb oil production to reduce a glut that has...

Russia sells $11bn stake in Rosneft

In a surprise move Russia announced on state TV that it had sold a US$11 billion stake in its largest oil producer to commodity...

Statoil wins licences in Mexico’s deepwater round

Norway’s Statoil was awarded two licences in the Saline Basin in Mexico’s converted first deepwater bidding round

Total awarded offshore blocks in Mexico

France’s Total has been awarded exploration licenses on three Blocks in offshore Mexico, following the country’s first competitive...

Subsea Integration Alliance awarded deepwater contract in GoM

Subsea Integration Alliance was awarded the industry’s first deepwater integrated subsea engineering, procurement, construction,...

Petrofac gets extension to Cygnus service contract

Sharjah-based Petrofac has been awarded a four and a half-year contract extension worth US$70 million to provide integrated...

Bibby Offshore awarded North Sea contract from Shell

Bibby Offshore has secured a contract with Shell for the first quarter of 2017 to install subsea pipes in the North Sea.

Fugro halts divesting its Asian subsea division

Fugro has announced that it has decided not to go ahead with the divestment of its subsea services business in Asia Pacific to...

MOL Group increases production at Pakistan Block

Hungary’s MOL Group has announced a successful tie-in of its Mardan Khel-1 exploration well at its operated TAL Block in...