Whilst the reefing of retiring offshore structures makes sense to many, such projects often struggle to address the regulatory hurdles, public perception and who takes the enduring liability for the asset.

TechnipFMC (NYSE: FTI) and (PARIS: FTI) has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project.

Kosmos Energy (NYSE: KOS) (LSE: KOS) announces that in partnership with Trident Energy (Trident), it has agreed to acquire an interest in three exploration licenses, as well as Hess Corporation’s interest in the adjacent Ceiba Field and Okume Complex assets offshore Equatorial Guinea on a 50-50 basis.

What do the offshore HVDC platforms DolWin alpha, BorWin alpha and DolWin beta in the German section of the North Sea have in common? The only right answer would be: all three power conversion platforms were fully inspected by Den Helder-based Bluestream, one of the leading providers of innovative inspection services for the offshore oil, gas and wind industry.

Ocean Installer has been awarded an agreement with Siccar Point Energy and Baker Hughes, a GE Company to support the appraisal and early production phases of the Cambo Project, with the ability to extend into the future developments.

Royal Dutch Shell plc (“Shell”) and its partners won three, 35-year production sharing contracts for pre-salt blocks located in the Santos Basin, offshore Brazil. Shell will pay its share of the total signing bonuses, equating for all bids, of to approximately USD $100-million [R$ 332.5-million].

McDermott International, Inc. (NYSE:MDR) announces a letter of award for a significant* contract from Reliance Industries Ltd. for the KG-D6 subsea field development in the Krishna Godavari Basin, located off the east coast of India.

Sparrows Group has strengthened its operations in the Middle East, securing two crane contracts with Dubai Petroleum, one for maintenance services and the other for the delivery of rental cranes.

Bibby Offshore’s Houston-based division, Bibby Subsea, has successfully completed a significant contract with Shell Pipeline, a subsidiary of Shell Oil US.

Statoil Brasil Oleo e Gas Ltd., a subsidiary of Statoil ASA (OSE:STL, NYSE:STO), ExxonMobil Exploracao Brasil Ltda., a subsidiary of Exxon Mobil Corporation (NYSE:XOM), and PETROGAL BRASIL, S.A., a subsidiary of Galp (NYSE: GALP.LS), were the high bidders for a production sharing contract for the Carcará North block in Brazil’s second pre-salt offshore licensing round held on 27 October.

Aberdeen-based AISUS has invested a six-figure sum in upgrading and developing cutting edge inspection technology as it looks to further broaden its range of services and increase its geographical reach to provide its customers with the most efficient, cost-effective technological solutions.

The Joint Industry Project (JIP), focusing on the development of a new design and certification standard for equipment for pipeline and cable offshore operations, aims to reduce uncertainty, cost, increase efficiency and safety throughout the lifecycle of the equipment.

Shell has completed the sale of a package of UK North Sea assets to Chrysaor for a total of up to $3.8bn, including an initial consideration of $3.0bn and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m for future discoveries.

Hess Corporation (NYSE: HES) has announced several additional steps in the continued execution of its strategic plan to further focus the company’s portfolio and allocate capital to higher return assets:

Leading international oilfield services company, Expro, has successfully accomplished the world’s first proven wireless transmission of reservoir pressure data to surface, from a recently abandoned subsea appraisal well which incorporated a rock-to-rock cement plug.

U.S. Secretary of the Interior Ryan Zinke announced that the Department is proposing the largest oil and gas lease sale ever held in the United States --76,967,935 acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama, and Florida.