US rig count down 27 units; firms plan to shed more units

The latest drilling dive continued during the week ended Feb. 19, with the US rig count shedding 27 units to bring the current total to 514, Baker Hughes Inc. reported. All but one of those units targeted oil. Source: News


Cyprus planning third licensing round

The government of Cyprus plans a third round of offshore oil and gas licensing, according to press reports. Source: News


Statoil lets contract for Norwegian processing plants

Statoil ASA has let a long-term contract to Prezioso Linjebygg AS of France to provide insulation, scaffolding, and surface treatment (ISO) maintenance services at the Sture and Kollsnes processing plants in western Norway. Source: News