Offshore Energy

Deep Sea Supply takes Delivery of 'Sea Triumph'

  The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L

Keystone XL Costs to Nearly Double - TransCanada

  The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

U.S. Crude Falls on Worries About Glut, Brent Flat

Front-month expires Monday, long liquidation seen; dollar index highest in more than four years.   U.S. crude oil fell on Friday, on track for its fourth daily

Oil Firms Keep Drilling as Price Drops

A 13 percent slide in crude oil prices since June has eroded some of the allure of drilling U.S. shale resources and raised investor concerns, but companies are

Billionaire Fredriksen Commits to Seadrill

Shipping billionaire John Fredriksen reaffirmed on Friday its commitment to Seadrill, the world's largest rig company by market capitalisation, whose shares have

Oil Steady at $98 on Oversupply Worries

Talk of OPEC cuts, lower Libyan output support prices; Dollar index highest in more than four years. Middle East tensions remain a big focus.   Brent crude oil

Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration

Statoil Finds Gas in Arctic Norway

Norwegian energy firm Statoil has found gas in the Pingvin prospect in the Norwegian Arctic, one of its partners said on Friday. "The well has identified gas in a sandstone reservoir,

FPSO Petrojarl Knarr Delivered to Norway

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest

Egypt Awards Oil & Gas Exploration Blocks

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said on Friday. The

Lukoil CEO: Russian 2015 Output Will Not Fall

Russia's second-biggest oil producer Lukoil, a target of U.S. sanctions over the Ukraine crisis, will not cut domestic oil output next year but will invest less money in projects,

Shell Russia, Total Continue Russia Work

The head of Shell Russia said on Friday that the company's strategy in Russia remained unchanged, although the firm is evaluating the implications of sanctions

Exxon, Rosneft May Halt Arctic Operations

Russia's natural resources minister said on Friday that it was highly likely that U.S. oil major Exxon Mobil Corp and its Russian counterpart Rosneft had halted

Wild Well Extends Reach with Subsea Capping Stack in Singapore

Wild Well Control, Inc., a Superior Energy Services company and a global leader in firefighting and well control, has unveiled its new subsea capping stack for

LQT Delivers Accommodation Facility and Helideck in Gulf of Mexico

LQT Industries , a full-service provider of accommodation facilities, design-build construction services, and support services to the oil and gas industry, has

Ricardo to Support Kongsberg WFMS Development

Ricardo and Kongsberg have signed a framework agreement that will see Ricardo support the development of the Kongsberg Wind Farm Management System (WFMS) as well

Chevron: 'lessons learned' after Angola LNG missteps

A string of missteps at a $10 billion Angolan liquefied natural gas venture has hurt Chevron Corp's reputation as a top-notch operator of profitable energy projects around the world.

World Leaders Urged to Act on Carbon Pricing

More than 340 institutional investors representing $24 trillion in assets on Thursday called on government leaders attending next week's United Nations climate

Cheaper Oil Boon for North Africa, Gulf Exporters Unfazed

Arab economies could face biggest shift since global crisis; oil price far from levels that would hurt Gulf exporters. Falling oil prices may prove the best

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