ConocoPhillips is pulling some of its assets off the market as a prolonged industry downturn makes it harder to get the desired prices. Source link
Premier Oil plc completes the acquisition of UK North Sea assets from E.ON. Source link
Det norske reports 1Q operating earnings in line with expectations and repeats its outlook guidance for 2016. Source link
Fugro will reduce its headcount by around 600 employees in "the coming quarters" as it continues to adjust its cost base and capacity to "the market reality". Source link
Eni beats operating profit expectations in 1Q despite swinging to a net loss because of weak oil prices and a charge on its Saipem holding. Source link
Wood Group secures a new 5 year contract with BP-operated projects, valued at $500 million, to deliver engineering, procurement and construction management services to 8 facilities, offshore Azerbaijan. Source link
Tullow Oil reduces its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices. Source link...
Singapore's Viking Offshore and Marine names Low Jooi Kok as chief executive officer to succeed Ong Choo Guan. Source link
Singapore-based Calm Oceans is building 2 heavy-lift semisubmersibles for the construction and decommissioning of offshore platforms at Blue Island Shipyard in China. Source link
Wood Group wins 4 subsea contracts with Statoil on the Norwegian Continental Shelf, with the latest award comprising a study to deliver subsea field concept engineering for the Snorre expansion project. Source...