Offshore Energy

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

Changing Direction of Pipeline Flow

Most pipelines only flow in one direction, usually from an oil or gas source to a market hub. But what happens if contingencies change, with source and hub effectively

Somalia Aims to Get Oil Flowing by 2020

Call for oil majors to lift force majeure Petroleum ministry talking with regional governments Improved offshore security should enable exploration Somalia

Cyprus: Turkish Vessel Encroaching on its Offshore Gas Areas

Turkish research vessel, frigate south of Cyprus coast Cypriot govt says research attempt violates sovereignty Turkey doesn't recognise Greek Cypriot

Rocksource Soars on Arctic Securities Bid

Norwegian brokerage Arctic Securities has been mandated by a financial investor to buy at least 20 percent of oil and gas explorer Rocksource at an 80 percent premium,

Songa Offshore Rig Suffers Engine Failure

Norwegian offshore driller Songa Offshore suffered an engine failures on its Songa Dee rig during a yard stay and the vessel will not leave the yard until Nov. 7,

Genel, Partners Find Oil off Morocco

Genel Energy and two partner firms said on Monday they had discovered oil off Morocco, giving a boost to the region whose oil and gas drilling results have so far been mixed.

Halliburton Profit Beats Street, N.America Drilling Strong

Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America.

Autonomous Technology for Offshore Wind Farm

  ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

KBR, Daewoo win Eni FLNG FEED

  KBR Inc. announced today that the KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, Ltd, has been awarded a front end engineering

A2SEA Signs for Dudgeon

  Dudgeon Offshore Wind Limited has awarded the Charter for WTG transport and installation to A2SEA A/S. A2SEA shall provide the jack-up vessel Sea Installer

GeoSea acquires HOCHTIEF Offshore Assets

DEME’s marine engineering specialist GeoSea acquires offshore assets of HOCHTIEF, one of Germany’s leading international construction groups. HOCHTIEF is selling

Ballast Nedam Wins Subsea Inspection and Maintenance Contract

Ballast Nedam has been awarded the contract for the subsea inspection and maintenance of Offshore Wind Farm Butendiek by OWP Butendiek GmbH & Co KG, a company managed

BP to Restart North Sea Gas Field Half-Owned by Iran

BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions, a BP spokesman said on Friday.

Charity Selected for 2015 OTC Dinner

The Offshore Technology Conference (OTC) announces the 2015 beneficiary of the Annual OTC Dinner—the Independent Petroleum Association of America (IPAA) and the

Enviro Activists Push Protest Pace

As hundreds of protesters joined environmental activists from South Pacific nations trying to blockade ships at the world's largest coal export terminal in Australia on Friday,

Schlumberger Beats Street on North American Activity

3rd-qtr profit $1.49/share, vs estimate of $1.46; total revenue rises 9 pct to $12.65 bln. Reports strong drilling activity in North America. Schlumberger Ltd,

Brazil Blocks Maersk Polvo Sale

Brazil's oil regulator ANP rejected the sale of a 40 percent stake in the Polvo offshore oilfield to HRT Participacoes em Petroleo SA by the oil unit of Danish energy and shipping group A.

Pacific Rubiales, Pemex Ink 3-Year Pact

Pacific Rubiales Energy Corp, Colombia's largest private oil producer, on Friday said it had signed a three-year deal to analyze potential oil and gas cooperation in Mexico with Pemex,

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