Innovative cable sealing solutions designed by Roxtec have been used in the construction of Dana Petroleum’s new Western Isles floating, production, storage and offloading (FPSO) vessel, which started production in the UK North Sea last month.

Subsea services group Acteon is announcing that it has enhanced its moorings capabilities by completing the purchase of the Viking Seatech Group.

Statoil and Total have agreed on a transaction whereby Statoil will acquire Total’s equity stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf (NCS). Statoil will take over both operatorships and pay Total a consideration of USD 1.45 billion.

MacGregor, part of Cargotec, has signed an order for the fabrication, engineering and project management of a complete subsea mooring and riser system with the Bangladesh-based company, Summit LNG Terminal Co.

Trelleborg’s offshore operation is committed to continuing its work in Mexico to help educate and develop specifications aimed at improving fire safety solutions used in harsh offshore environments. To this end, Hans Leo Hals, Managing Director for Trelleborg’s offshore operation based in Norway, met with leading oil and gas representatives in Mexico over a number of months to support in improving the safety of Mexico’s offshore assets in the Gulf of Mexico.

Global subsea equipment specialists, Ashtead Technology, has strengthened its leadership team with the appointment of Steven Thrasher as regional vice president for the Americas.

Total announces first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro, in the pre-salt Santos Basin in Brazil.

Phoenix International Holdings, Inc. (Phoenix) recently completed a seachest cleaning and hull inspection for the M/V Sanco Star. While performing these tasks, divers also inspected running gear of the vessel and reported to the client that both propellers were covered in hard marine growth.

Global Marine Group (“GMG”), a market leader in offshore engineering services to the telecommunications, renewables and oil & gas industries, announces that it has completed its previously announced acquisition of Fugro N.V.’s (“Fugro”) (AMS:FUR) trenching and cable lay services business.

Global Supply/Demand Balance Continues to be Supportive

Talos Energy LLC ("Talos") and Stone Energy Corporation (NYSE: SGY; "Stone") have announced that their Boards of Directors have unanimously approved the combination of Talos and Stone in an all-stock transaction that will create a premier offshore-focused exploration and production company.

Skandi Niteroi, a Brazilian built pipelay support vessel (PLSV) owned by the joint venture between DOF Subsea (50%) and TechnipFMC (50%), has been awarded a contract by McDermott on the Atlanta Project for Queiroz Galvão.

MacGregor, part of Cargotec, has won new davit orders from Spanish shipyard Astilleros Zamakona. They are destined for a service operation vessel (SOV) owned by the Danish company Esvagt AS. The contract includes an order for one of MacGregor's largest davit systems, specially-designed to ensure safe transfers in rough weather. Equipment deliveries are scheduled for November 2018 and the order was booked in Cargotec's fourth quarter 2017 order intake.

Exxon Mobil Corporation (NYSE:XOM) announces that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day.

The technology group Wärtsilä has been selected to provide a broad scope of products and solutions for a new articulated tug barge (ATB).

Global subsea equipment specialist, Ashtead Technology, has boosted its rental fleet with an investment of £1 million in the latest iXblue technology over the past 12 months.