THE HAGUE, Netherlands (AP) — Royal Dutch Shell has agreed to buy British gas producer BG Group for 47 billion pounds ($69.7 billion) in cash and stock, the companies announced Wednesday. The move gives oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices.
FMC Technologies, Inc. and Technip have signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed, delivered and maintained.
Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.
Update 2 (1:50 p.m. EDT): Pemex has now confirmed four fatalities from today’s explosion and fire at a Pemex platform in the Bay of Campeche.
Update 1: Pemex has reported that 1 fatality has now been confirmed. The worker killed was a contractor from the company Cotemar, an oil services company based in Mexico. Pemex reported that it has received reports of 16 injured, including two with serious injuries.
Fuelled by a steady increase in demand for complete integrated underwater system solutions, the MacArtney Group has opted to significantly bolster its system sales focus in Australia and New Zealand. Spearheaded by the hiring of experienced engineer and underwater technology specialist, Tom Zezou, as System Sales Manager, MacArtney is well-equipped to handle even more complex projects and system challenges in the future. Global solutions “down under”
IKM Subsea Singapore has been tasked to provide ROV services onboard Solstad Offshore’s derrick lay bargeNorce Endeavour for construction support projects offshore Thailand.
Last year, Solstad Offshore confirmed that DLB Norce Endeavour would be used to install multiple new wellhead platforms for Chevron Offshore (Thailand) Ltd., in the Gulf of Thailand during the 2015 offshore installation campaign.
The UK Budget 2015 delivered on Wednesday contains assistance to support the local offshore oil and gas sector.
In its Autumn 2014 Statement, the government confirmed that it would introduce an immediate two percent reduction in the rate of the Supplementary Charge, a tax on profits from oil and gas production in the UK and UK Continental Shelf. The reduction from 32 percent to 30 percent came into effect from January 1, 2015. As a result of the 2015 Budget, this will now be further reduced to 20 percent.
The UK House of Lords has released a European Union Committee report highlighting the “often conflicting” activities underway in the North Sea. Releasing the report, the House of Lords EU Committee called for strong leadership on the management of resources among the countries along the shoreline of the North Sea.
When people are attempting to clean up oil spills at sea, one of the key things they need to know is the amount of oil that's been spilled – among other things, this will determine the amount of dispersant or other agents that are used. In order to make that process easier and more accurate, scientists from the Virginia Institute of Marine Science have developed a remotely operated vehicle (ROV) that does the job by measuring the thickness of oil slicks from below the surface.
Fugro said it has received a writ of summons from Boskalis to force a shareholder vote at its annual shareholders meeting scheduled for April 30, 2015 on a recommendation in respect of one of Fugro’s three protective measures, i.e. the Foundation Continuity Fugro (“Stichting Continuïteit Fugro”).
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