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'This will be the first new development for Valeura in Thailand, and is expected to serve as a substantial source of production growth in the second half of this year'.

The Wassana field is back onstream after being suspended due to the deviation of its FSO vessel.

Vallourec said it will continue to supply the complete range of tubes and connections for both conventional and complex applications in onshore and offshore oil and gas fields.

Vallourec has signed two contracts to supply pipelines for Petrobras' Buzios oil field development in Brazil.

Petrobras will use the products in various offshore development wells, mainly off the Brazilian coastline in the Campos pre-salt basin.

Van Oord has been brought in by FSRU Wilhelmshaven to build an FSRU jetty in Wilhelmshaven, Germany.

Var Energi concluded the divestment of its minority interest in the Norwegian field in a cost-cutting effort.

The company's latest Ringhorne North exploration well was successful with estimated recoverable resources of between 13 million and 23 million barrels of oil.

Var Energi ASA has extended its gas sales agreement with VNG Handel & Vertrieb GmbH.

The company increased fourth-quarter production by seven percent.