The Trump administration will hold off on issuing its plan to expand offshore drilling as it weighs what to do after a March court ruling that blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt told The Wall Street Journal…
Maersk Supply Service said it has been selected to deliver an integrated floating production storage and offloading (FPSO) mooring installation and replacement solution for an American oil major in the Gulf of Guinea. The offshore services company…
Brazilian state-run oil firm Petroleo Brasileiro SA will record a 1.3 billion-real ($326 million) provision in its first-quarter results due to an ongoing dispute with a bankrupt rig lessor, it said on Thursday.In a securities filing, Petrobras…
Tullow Oil downgraded its 2019 output guidance to 90,000-98,000 barrels of oil per day (bpd) due to problems at its Ghana fields and sees final go-aheads for its Uganda in the second half while its Kenya project timeline was 'ambitious'.'(Ghana)…
The European Union executive on Thursday said its stance on Nord Stream 2 is law and will not change, despite receiving letter from the gas pipeline threatening legal action if it is not exempt from new energy rules.The bloc amended its energy…
Hess Corp reported a surprise profit on Thursday, supported by higher production at the U.S. oil and gas producer's oilfields in the Bakken shale and Gulf of Mexico regions.The company said production from Bakken rose 17 percent to 130,000 barrels of oil equivalent per day (boe/d)…
Political instability, insecurity and marine boundary disputes pose some of the major challenges constraining progress of Africa's upstream offshore oil and gas exploration ambitions at a time when the continent expected to ramp up production from its deep and ultra deepwater investments…
Deepwater drilling is back and targeting ever deeper waters, from South Africa to Pakistan.Deepwater exploration is starting to get serious, again. If fact, French oil major Total is lined up to drill what will be a new deepwater drilling record later this year…
TUV SUD, the provider of inspection and product certification services, has allocated a certificate to Esteyco for the floating foundation used for the 5MW Elisa self-installing telescopic offshore wind turbine in Spain.Offshore wind-turbine…
Aberdeen-headquartered drilling and engineering contractor KCA Deutag confirmed Wednesday that it has been awarded an extension to its existing contract with CNOOC for the Scott platform, which it operates in the UK North Sea.The contract extension…
Malaysia's offshore energy vessels and services provider Bumi Armada has refinanced US$660m of its short-term debts to improve its balance sheet and is looking to sell some vessels.In a statement today, the offshore energy facilities and services…
Norwegian offshore support vessels provider Simon Møkster Shipping said that it has has signed a contract with the compatriot oil and gas company Equinor for a platform supply vessel (PSV) Stril Pioner.Equinor has hired the 2013-built Stril Pioner supply vessel on a four-month firm contract…
S.D. Standard Drilling (SDSD), a player in offshore supply and offshore drilling sector, is acquiring the Havyard 832 platform supply vessel (PSV) vessel Olympus through a wholly owned subsidiary Wanax AS.The PSV has been acquired for a total consideration of USD 8…
ExxonMobil has grown its footprint in the deep waters offshore Namibia, adding approximately 28,000 square kilometers of exploration acreage in in the frontier region, the supermajor said on Wednesday.ExxonMobil said it signed an agreement with…
For years, “maintenance and modifications” were catchwords for nearly everything that wasn’t greenfield activity offshore. Two economic slowdowns later, subsea “M&M” might be seen as inspection, maintenance and repair (IMR), a segment that includes light well intervention…
Subscribe
