Offshore Energy

ConocoPhillips puts Some Western Canada Assets up for Sale

  ConocoPhillips said on Friday it is looking to sell about 20 percent of its production in Western Canada, outside the oil sands, as tumbling oil prices have

Nations Convene for Arctic Maritime Discussion

Citing an increasing need to ensure safety, security and stewardship of Arctic waters, member countries of the Arctic Council gathered at U.S. Coast Guard Headquarters

Advanced Drillships a Burden for Owners as Business Slows

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators.

Russia May Allow More Firms to Offshore Oil

Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.   "In general, the access can be extended," Novak told reporters in Moscow.

Statoil: Polarled Pipe-Laying Kicks Off

On 26 March, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas

CNOOC Profit Up, More Cost Cuts coming

China's top offshore oil producer CNOOC Ltd said on Friday its 2014 net profit rose 6.5 percent, beating forecasts, as cost cuts and higher output helped it offset the slide in global oil prices.

Schlumberger Debuts Single Intervention Tool

Schlumberger announced today the release of the ACTive Straddle* coiled tubing real-time multiset inflatable packer. The packer provides all functions needed to

Celtic Sea Portfolio Update

  Fastnet Oil & Gas plc focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, provided an update on its Celtic Sea portfolio. Highlights: ·     

Swire Pacific Offshore Acquires 2 Newbuildings

  Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel,

Changes in Aker Solutions' Top Deck

  Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik

GAIL Seeks 7 LNG Cargoes

 GAIL (India) will buy seven liquefied natural gas (LNG) cargoes for delivery from October 2015 until December 2016, according to the tender document obtained by Reuters.

Petrobras Names Coutinho as New Chairman

Brazil's state-run oil company Petroleo Brasileiro SA said on Thursday Luciano Coutinho, the head of Brazil's state development bank BNDES, will be its new chairman.

SAL Heavy Lift Performs Offshore Windfarm Work

MV Lone proves as project platform for Wikinger wind farm   SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone.

Norway, Britain to Build World's Longest Subsea Power Cable

The world's longest subsea electricity transmission cable is to be laid between Norway and Britain by 2021, Norway's Statnett said on Thursday. The 730km 1.4

Libra Consortium Completes Drilling 2nd Extension Well

 The Libra consortium has finished drilling extension well 3-BRSA-1267-RJS/3-BRSA-1267A-RJS (3-RJS-735/735A). The drilling results confirmed the presence of a hydrocarbon

Swiber Gains $405.6 mi Contracts

  Business momentum is fast picking up at Swiber Holdings Limited despite the downturn in the oil and gas industry as the Group clinches a total of US$405.6 million for a series of contracts,

Rosneft Cancels Rig Contract

  Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd, the Norwegian offshore driller said.

Studies Show U.S. Offshore’s Untapped Potential

  While short-term news emanating from the global energy sector was universally negative in the waning months of 2014 as the price per barrel continued to plummet below $60,

LR Senergy, EnergyOne AS Form Strategic Partnership

LR Senergy and emerging new business EnergyOne AS have formed a strategic alliance to support business development in Norway and internationally.   LR Senergy’s Norway business,

Seattle Fears Arctic drilling, Shell Moves Rigs

 Shell Oil Co is poised to restart oil drilling in the Arctic in the near future once it receives the go-ahead from the U.S. government, which could happen soon.

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