A subsidiary of TechnipFMC has entered into an agreement with INPEX Operations Australia for Riserless Light Well Intervention (RLWI) services in the Ichthys field, approximately 220-kilometers offshore of Western Australia, for the Ichthys LNG Project.

Shell has reached an agreement with KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), for the sale of subsidiary companies Shell Integrated Gas Thailand Pte Limited and Thai Energy Co Limited, which together hold a 22.222% equity stake held in the Bongkot field, and adjoining acreage offshore Thailand consisting of Blocks 15, 16 and 17 and block G12/48, for USD 900 million.

Xodus Group has won a contract with North Sea operator Apache to deliver subsea engineering services for two new infill well developments at the Nevis and Skene fields in the Northern North Sea.

The world’s largest jack-up vessel Seajacks Scylla, has recently visited the Rotterdam Offshore Group (ROG) terminal in the Waalhaven, after her first successful assignment on phase 1 of the Veja Mate Offshore Windpark project.

The start of every year calls for time to reflect on the last. The offshore and marine industry can look back on 2016 as one of the most bruising in recent memory. The downturn has been tough and drawn out, with increased divestment, more stringent environmental regulations and a prolonged shipbuilding cycle that has resulted in overcapacity.

More Consolidation Required Before Next Leg of Bull Market

Fugro has been awarded a contract from INPEX Operations Australia Pty Ltd for subsea services to be executed across the Ichthys facilities in the Timor Sea, located approximately 220 kilometers from the coast of Western Australia. INPEX is Japan’s largest oil and gas exploration and production company.

GE Oil & Gas (NYSE: GE) announces a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean. The agreement, signed at the end of 2016, aims to further maximize productivity and lower operating costs for Transocean.

Aker Solutions won a contract from Statoil for the hook-up of the riser platform for the Johan Sverdrup field, Norway's largest offshore development in the past three decades.

Deepwater Gulf of Mexico start-up expected to add 50,000 barrels of production, marking latest major investment in U.S. offshore region.

BP Trinidad and Tobago LLC (bpTT) announces that the new Juniper offshore platform has begun its journey towards the southeast coast of Trinidad where it will be installed as bpTT’s 14th offshore installation.

Danos has secured a contract to perform mechanical hook-up and commissioning (HUC) support services for the Hess Stampede tension leg platform (TLP) in the Gulf of Mexico.

New research by DNV GL, the technical advisor to the oil and gas industry, shows oil and gas companies seeking to rebalance business portfolios and reorganizing for a new era. In a period of drawn-out recovery, almost half (49%) of senior oil and gas professionals surveyed expect their businesses to diversify into, or invest more in, opportunities outside of oil and gas. Still, almost eight out of ten see long term opportunities for gas.

Schlumberger is currently delivering integrated drilling and well services at Mariner and Baker Hughes at Johan Sverdrup. They are both important suppliers for Statoil across the drilling and well disciplines. The Norwegian head offices of both companies are located in Stavanger.

CNOOC Limited (the "Company") (SEHK: 00883, NYSE: CEO, TSX: CNU) has announced its business strategy and development plan for the year 2017.

OneSubsea, a Schlumberger company, has announced it has been awarded an engineering, procurement and construction contract by Statoil to supply the subsea production system for the Utgard gas and condensate discovery in the North Sea.