DOF Subsea Group has been awarded a contract from a major operator within the U.K. Continental Shelf (UKCS) sector to decommission subsea infrastructure in third-quarter 2019, the company said on Aug. 8.
The work will be undertaken by the Skandi Skansen together with DOF owned AHTS vessels. This is the second award with the same operator in as many months in the decommissioning segment.
China's crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
Iran's president presented a draft state budget of about $39 billion to parliament on Dec. 8, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports.
Freeport LNG Trains 2 and 3 remain on schedule with Train 3 initial production of LNG scheduled for first-quarter of 2020.