SBM Offshore: US Authorities Reopen Corruption Probe

In November 2014, $240 million settlement was reached with Dutch and U.S. authorities regarding corruption charges in Angola, Brazil and Equatorial Guinea, involving $200 million in bribes between 2007 and 2011, Reuters said. 

Supreme Court Delays Implementation Of Clean Power Plan

Supreme Court weakened the Obama administration's climate change agenda on Feb. 9 when it delayed implementation of Clean Power Plan until legal challenges to the regulation are completed, Reuters reported.

Aker Solutions Will Deliver Johan Sverdrup Concept Study

The study includes design solutions for a tie-in of the platform and future satellites to the field center that is being developed in the project’s first phase, Aker Solutions said in a news release.

OPEC Points To Larger Oil Surplus In 2016

The monthly report from the Organization of the Petroleum Exporting Countries indicates supply will exceed demand by 720,000 barrels per day (bbl/d) in 2016, up from 530,000 bbl/d implied in the previous report.

Nobel Upstream Buys Shell's Stake In Maclure North Sea Field

The field, operated by Denmark's Maersk Oil, is located in the British part of the North Sea and produces 8,000 barrels of oil equivalent per day, the company said.

US Approves ConocoPhillips LNG Exports From Alaska

ConocoPhillips last received an export license from the federal government for the Kenai plant in April 2014. It also authorized the company to export about 40 Bcf of gas over a two-year period.

Gallagher Becomes President, CEO Of AGC

David G. Gallagher said that trademarked Gilsonite is a naturally occurring asphaltite that binds and strengthens as an additive for drilling fluids and cementing.

Petrogas Will Acquire PA Resources’ North Sea Assets

Sale includes company’s 24% interest in license 12/06 in Denmark, which holds the Broder Tuck and Lille John discoveries, and its exploration licenses in the U.K., Germany and the Netherlands.

Wood Group Extends Chevron Contract In North Sea

Wood Group PSN will deliver operations and maintenance services to the Alba Northern platform, Alba floating storage unit, Captain FPSO vessel and Captain wellhead protector platform, under the one-year contract that extends an agreement in place since 2010, a news release said.

Canadian Companies Sell Assets While Continuing Oil Sands Projects

Husky Energy Inc., MEG Energy Corp. and others are selling assets or slowing light and conventional oil E&P, even while continuing with oil sands projects that are losing money, Reuters said.

Petroceltic Relinquishes Adriatic Oil Exploration Permit

Local opposition to drilling on environmental grounds has slowed development and prompted the introduction of a 12-mile ban on activities within Italy's coastlines and protected areas, Reuters said.

Technip Receives Development Contract For South Santa Cruz, Barataria Fields

The flowline system will be fabricated at the group’s spoolbase in Mobile, Ala. The offshore installation is scheduled for second-half 2016 by Technip’s Deep Blue flagship deepwater pipelay vessel. 

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