GE said the SG5 wellheads will be used for the operator’s shallow- and medium-water drilling campaign offshore India. The first wellhead will be supplied in fourth-quarter 2016.

The contract extends Wood Group’s support of SABIC’s operations globally, according to an Aug. 18 press release. 

As part of the contract, Wood Group said its independent Automation & Control business will provide optimal integrated process and safety solutions to TCO.

The company will supply two 200hp FCV 4000D work-class ROV systems and subsea tooling, which are installed on the Maersk Venturer drillship, and a field support vessel.

PJ Valves (PJV) has landed more than £1 million (US $1.3 million) worth of contracts to supply more than 1,000 valves for Maersk Oil’s Culzean gas field in the U.K. North Sea, PJV said in a news release.

With the acquisition of LR Senergy, Lloyd's Register  now incorporates experienced subsurface, wells and facilities experts.

The offshore drilling industry is facing challenges as oil companies postpone or cancel exploration and development projects due to low crude prices.

Under Italian law, companies are responsible for the actions of their managers and can be fined if found guilty, Reuters reported.

The Yuzivska Field in Ukraine of 7,800 sq km (3,012 sq miles) could, according to preliminary estimates, yield about 8-10 billion cubic meters of gas per year. The country in 2015 produced about 20 billion cubic meters of gas and imported 16.5 billion.

The onshore package will be deployed for the testing of exploratory and completed wells onshore at Rajahmundry. 

Work is scheduled to begin in July of this year and go through March 2017. 

A Hague arbitration court awarded the U.S. company $96 million in 2011 in a dispute stemming from a 1973 deal that called for Texaco, later acquired by Chevron, to develop fields in exchange for selling oil to Ecuador at below-market rates.

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