Most recently, Global Maritime disconnected and towed the Njord A semisubmersible floating production platform from the Njord Field to an onshore maintenance facility.

Robert S. Ellsworth Jr., interim CEO of Niko, said that the company plans to ultimately monetize these assets.

Under this contract, Technip will manage the engineering, supply, construction, installation and commissioning (EPCIC) of flexible pipelines, with diameters ranging from 4 inches to 6 inches as well as EPCIC of associated platform I-tubes.

NPCC will help to build offshore oil and gas platforms, pipelines, power cables and other infrastructure, Aramco said in a statement, without giving a monetary value or details of the work.

The work, the first project under a recently signed multiuse agreement between the two companies, is expected to cut Suncor’s well pad facilities costs to about C$2 million per well pair from more than C$4 million to C$9 million per well pair, the release said.

The contract includes fabrication of smaller structures, the 12/16-in. pipe-in-pipe production flowline, the 12-in. gas export pipeline and the installation of pipelines as well as all subsea structures and umbilical for the Dvalin Field in the Norwegian Sea, the release said.

Under the contract, mid-water arch and risers will be removed, and several DOF subsea vessels operating in the Atlantic region during fourth-quarter 2016 will be utilized.

According to Reuters, Aker Solutions secured two contracts worth at least NOK 900 million (US$112.58 million) from DEA Norge to deliver the subsea production system, maintenance and services at the Dvalin natural gas development offshore Norway.

Petrobras produces about 80% of Brazil's oil and is responsible for developing massive offshore oil finds in a region known as the Subsalt Polygon, Reuters reported.

Congolese President Joseph Kabila also said the Democratic Republic of the Congo and Tanzania discussed cooperation on proposed crude oil pipeline that would run from Uganda to Tanzania, Reuters reported.

Contracts’ launch was postponed several times as rivals of President Hassan Rouhani resisted deals that could end buyback system, under which foreign firms could not own stakes in Iranian companies, Reuters reported.

The CoAs are expected to begin in the first half of 2017 with the requirement for about two shuttle tankers.