Through a five-year contract, Wood Group (WGPSN) will provide engineering, procurement and construction management services to eight facilities offshore Azerbaijan on projects operated by BP Plc (NYSE: BP), the company said April 28.

Project management and engineering work will commence immediately from Subsea 7's offices in Aberdeen, with offshore activities planned for first-quarter 2017, according to the release.

OPEC member Algeria seeks more foreign investors for oil and gas production, stagnant for years because of reliance on mature fields and lack of investment in new production, Reuters said.

In April, the company announced a two year contract with TAQA, extending its provision of engineering, construction and maintenance services to five UKCS offshore assets. 

The agreement covers early-phase studies, pre-engineering (FEED) work, verifications and follow-on engineering for Lundin Norway.

Steve Axcell, senior vice president of Jacobs, said that the contract strengthens the company’s position in the oil and natural gas industry in Australia.

The contract covers maintenance, storage, supply of parts and technical assistance for all subsea equipment delivered by Aker Solutions to Petrobras in Brazil, Aker Solutions said in a news release.

Fugro has been awarded a contract by Indian oil and gas company, ONGC, for the provision of ROV services on board the drillship Sagar Vijay, Fugro said in a news release.

Iranian news agency Shana said the two companies wanted to study four oil fields in western Iran. Iran is seeking foreign investment; international sanctions have been lifted, Reuters reported.

DOF Rederi AS has signed agreements with Nexen Petroleum UK and Maersk Oil North Sea UK Ltd. for platform supply vessels, according to a news release.

Proserv said it will supply five wellhead hydraulic power units (HPUs) for Statoil’s Gullfaks oil and gas field which is undergoing an extensive topside upgrade program. The field is located in the in the Norwegian sector of the North Sea.

Royal Dutch Shell has pulled its application from Norway's Arctic-focused oil licensing round, in a blow to ambitions to explore for oil and gas in its northern offshore areas, Reuters reported.

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