Offshore Energy

Mobil Says Oil Discovery off Guyana is 'Significant'

 Unlike almost all its neighbors, Guyana isn’t an oil producer yet. But the energy giant Exxon Mobil recently announced it had discovered “significant” oil off the coast.

US Oil Platform on Fire in Gulf Of Mexico

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.

US Weekly Oil Rig Count Decline Slows

U.S. drillers cut the number of rigs by just one this week, data showed on Friday, signaling that higher crude prices may be starting to steady the sector after

Viper Subsea JIP Partner Commits to V-LIM

One of the sponsors of Viper Subsea’s Join Industry Project (JIP) to develop the company’s V-IR Subsea Integrity Monitoring System, has committed to deploy V-LIM

Protea to Launch Heavy-Lift Cranes at Nor-Shipping

Protea, a global manufacturer of offshore handling equipment, will launch two types of heavy lift cranes at Nor-Shipping 2015 in Oslo, June 2-5. Tomasz Paszkiewicz,

Prosafe, BG Group to Re-phase Safe Bristolia Work

Moored semi-submersible accommodation vessel Safe Bristolia sustained damage to lifeboats after experiencing bad weather during work at the Everest field in UK in October 2014,

Statoil Comes up Dry in Norwegian Sea

Oil and gas firm Statoil hit a dry well in the Southern part of the Norwegian Sea, the Norwegian Petroleum Directorate said on Friday. The well was drilled in

Talks Fail, Norwegian Drillers Call in Mediator

Wage talks involving thousands of Norwegian offshore oil workers broke down late on Thursday, unions and employers said, raising the risk of a strike that could

Brent Slips Towards $66 Before Long Weekend

Islamic State advances in Iraq, Syria raise supply worries; U.S. crude futures set for 10th consecutive weekly rise. Oil prices slipped on Friday as worries

Total Hosts Climate Talks with Big Oil

French oil major Total is hosting a meeting of the world's biggest oil companies over the sector's action plan ahead of U.N. climate talks in Paris at the end of the year.

Pentair Announces Quarterly Cash Dividen

  Pentair plc today announced that it will pay a regular quarterly cash dividend of $0.32 per share on August 7, 2015 to shareholders of record at the close of business on July 24, 2015.

Ferguson Expands Tanks Range in Norway

Ferguson Group, a global specialist in the provision of offshore DNV 2.7-1/EN12079 containers, freezers, workspace and accommodation solutions, has increased its

Two Hurt in Petrobras Platform Accident; Output Halted

Brazil's state-led oil company Petrobras was forced to stop output at its P-56 offshore oil production ship on Wednesday in the Marlim Sul field after an explosion

Vestas Giant Turbine the Preferred Choice for Big UK Wind Project

Vestas' largest offshore wind turbine yet has been made the preferred choice for a huge wind park in British waters as the Danish firm strives to catch rival Siemens.

Jee to Support Enhanced Oil Recovery Project

Aberdeen based Jee Ltd, an independent multi-discipline subsea engineering and training firm, has been awarded a contract from Amec Foster Wheeler for the front

BP Suspends West Azeri Platform for Planned Maintenance

British oil major BP has suspended operations at West Azeri, one of its platforms in the Caspian Sea, for planned maintenance, Tamam Bayatly, a spokeswoman for BP Azerbaijan,

US: South China Sea Reclamations Stoke Instability

China's land reclamation around reefs in the disputed South China Sea is undermining freedom and stability, and risks provoking tension that could even lead to conflict, U.

Oil Nears $66 on U.S. Inventories, Iraq Violence

U.S. crude stockpiles fall for third week; Islamic State attacks in Iraq support prices. Oil rose towards $66 a barrel on Thursday, gaining for a second day,

PSC, BP Claims Against Transocean Resolved

  Transocean Ltd. announced that it has reached two separate settlement agreements, with the Plaintiffs' Steering Committee (the "PSC") and with BP Exploration & Production Inc.

Trelleborg Provides Floatover Tech to Project in West Africa

Trelleborg’s engineered products operation has completed its supply of floatover equipment for Phase 3 of the DSO Escravos Gas Project; the operation’s first floatover in West Africa.

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