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America

Netherlands-based SBM Offshore has secured a contract to work with Noble Energy in the US Gulf of Mexico (GoM) at the Big Bend and Dantzler fields.   SBM signed a $400m production handling agreement (PHA) with Noble Energy to produce the two fields to the Thunder Hawk DeepDraft Semi located…
GE Oil & Gas has secured a subsea equipment contract worth more than $300m from Brazilian energy firm Petrobras.   Under the contract, GE Oil & Gas (GE) will deliver the subsea manifold systems for Petrobras' pre-salt fields, located offshore Brazil in water depths up to 6,500ft.   The deal…
The price of Brent crude slipped towards $98 per barrel today on concerns of a faster hike in US interest rates.   Oil prices remained below $100 for more than a week amid weak demand and ample supplies.   Reuters reported that Brent crude for November delivery declined 51 cents…
The price of Brent crude dropped towards $97 a barrel today despite talks of lower output from the Organization of the Petroleum Exporting Countries (OPEC).   Reuters reported that Brent declined 20 cents to $97.50 a barrel, while US crude was down 40 cents at $93.12.   OPEC secretary General…
  Maersk Drilling has sold its drilling barge activities in Venezuela to Panama-based investment company Barrystar Holding.   The activities, registered to Maritime Contractors Venezuela (MCVSA), include the ownership and operation of ten cantilevered offshore drilling barges working on Lake Maracaibo.   All the drilling barges are on contract with…
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