Oceaneering International, Inc.

Operator Statoil and its PL146/PL333 partner Total Norge have made a gas and condensate discovery in the Julius prospect in the King Lear area in the North Sea.

Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno yesterday (July 22, 2015) announced that Shell has received conditional approval of two Applications for Permits to Drill (APD) to conduct limited exploratory drilling activities in the Chukchi Sea offshore Alaska.

The World Bank revised upward its 2015 crude oil price forecast to $57/barrel from $53/b in April, with demand higher than expected in the second quarter, particularly in the US.

Fugro is now offering cable-lay in addition to trenching to its offshore windfarm and tidal energy clients.

Norwegian oil and gas major Statoil, operator of production licence 146, has found gas/condensate in the Julius prospect near the Ekofisk field in the North Sea, and is now in the process of concluding the drilling of wildcat well 2/4-23 S.

Weatherford International has announced a fresh wave of job cuts in response to continuing weak market conditions.

A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said.

The United Arab Emirates, the third-biggest OPEC producer, will link gasoline and diesel prices to global oil markets starting next month, becoming the first country in the oil-rich Persian Gulf to remove transport fuel subsidies.

Keppel Offshore & Marine has announced this morning that Keppel Shipyard has signed a $684m contract with Golar LNG for the conversion of LNG carrier Gandria into a Golar Floating Liquefaction (GoFLNG) facility.