Wintershall Norge AS, operator of production licence 378, has completed the drilling of wildcat well 35/12-5 S, in the Norwegian North Sea.

Oil rose on Wednesday on U.

ABS, a provider of marine and offshore classification services, has been selected by Baoham Offshore (HK) Ltd.

Teekay’s flotel, the Arendal Spirit, has successfully completed acceptance tests in Brazilian waters and is now in full operation for Petrobras under a 3-year charter contract.

Wintershall, has agreed to sell assets in the four non-operated fields Knarr (20%), Veslefrikk (4.

Harkand, a global inspection, repair and maintenance (IRM) company, has started decommissioning work in the United Kingdom Continental Shelf supporting Maersk Oil UK’s work in the Leadon field located in the North Sea.

Oil prices could remain stagnant for up to three years, according to North Sea tycoon Sir Ian Wood.

Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said on Tuesday.

All the largest contracts for the operational phase on the Statoil operated Mariner offshore field have been awarded to companies established in Aberdeen, Statoil has revealed.

Saga Tankers has launched a mandatory takeover offer for the Oslo-listed Standard Drilling, a former drilling contractor, now an investment firm.