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Technip And Heerema Form An Alliance To Help Their Clients Address The Subsea Ul

 Technip and Heerema Marine Contractors (Heerema) announce today that they have signed a worldwide alliance agreement where the two companies will combine their capabilities to help their clients best address the fast growing subsea ultra-deepwater market.


BP Unveils New Technology to Boost Oil Production

 BP has announced it is introducing new technology which will significantly boost the amount of oil it can extract.


It will be used for the first time offshore in the £4.5bn Clair Ridge development west of Shetland.


SPDC Completes Sale of Nigerian Oil Mining Lease

 Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), completed the assignment of its 30% interest in Oil Mining Lease (OML) 40 in the Niger Delta to Elcrest Exploration and Production Nigeria Limited. Total cash proceeds for SPDC amount to some US$102million.


Bowtech Products announces launch of new website

  Bowtech Products Ltd (‘Bowtech’), a market leader in underwater and harsh environment vision systems, has announced the launch of a completely redesigned and improved website, aimed at providing customers access to new product lines and industry specific product pages.  The website now enables users to search for products by industry sector, with new landing pages for ROV AUV, oil and gas, defence, oceanographic and research, nuclear and leisure and marine science.  The website can be viewed at


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BP To Sell Jonah Gas Operations in Wyoming, U.S.

  BP (NYSE: BP) announced that it has agreed to sell its interests in the Jonah and Pinedale upstream operations in Wyoming to LINN Energy, LLC (NASDAQ: LINE).


BP Announces Sale of Interests in Alba and Britannia Fields to Mitsui & Co., Ltd

  BP announced that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. (‘Mitsui’) for $280m in cash. 

The sale comprises BP’s non-operating 13.3% stake in Alba and 8.97% stake in Britannia. Completion of the deal is anticipated by the end of Q3 2012, subject to regulatory and other licensee approvals.
The agreement is a further example of BP’s active management of its business portfolio in the North Sea, focusing on core activities and future growth.


Britain Offers Support to Oil Companies in Falklands

  LONDON - Britain said it would support its oil companies involved in the "legitimate" business of oil exploration off the Falkland Islands after Argentina said Monday it had begun the process of suing them.


Fugro: growth in revenue with improving market conditions

  Course of business

The year 2012 started with improved performance compared to the same period in 2011. The oil price remained on average around USD 120 per barrel (Brent). The sustained high levels of exploration and production spending by the oil and gas industry result in continued improvement of Fugro’s related activities. 

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