PARIS – Technip has begun a restructuring plan and has accelerated its cost reduction in response to the decrease in oil prices.
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.
Bibby Offshore Holdings Limited (“Bibby Offshore” or the “Company”), [the subsea services provider to the oil & gas industry], is pleased to announce its continued international expansion with the opening of an office in Stravanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier.
Mermaid Maritime Public Company Limited announces that it has commenced the rebranding of the subsea business units which will be collectively operated under “Mermaid Subsea Services”.
Neptune Marine has hired Scott Freeland as GM for ROV and Survey based in Aberdeen.
The Offshore operations manager for Diamond Offshore Drilling International has been shot dead in an attempted carjacking in Brazil.
Staff have begun returning to Algeria following a terrorist siege last year – but a leading oil operators has warned it will not send expatriate workers to the site of the attack until security is improved.
Forty workers, including three British workers, were killed during a four-day siege at the In Amenas gas plant in Algeria last January.
Commissioning of new, state-of-the-art coker marks final major milestone in refinery upgrading project designed to create $1 billion per annum of additional future operating cash flow.
BP announced all of the major new units associated with the Whiting modernization project have been successfully brought on stream. The start-up of the new 102,000 barrel per day coker in mid-November marked the last major milestone of the multi-year, multi-billion dollar modernisation project at the facility in Northwest Indiana.
Subsea 7 is pleased to announce that Yngve Vassmyr will be the Managing Director of our new office in Tromsø. He assumes his position on January 1st 2014.
Yngve Vassmyr comes with long experience in the oil and gas sector, in senior industry roles, and in building up organisations in the North of Norway. He worked for Statoil from 1985-2005, including as a Vice President for Global Exploration with responsibility for Norway and Western Europe and also as Operations Director for Snøhvit LNG facility during the preparation of the facilities and organisation for LNG production startup. More recently he was the CEO of Tromsø based Front Exploration, acquired by Dong Energy in 2012.