Offshore Energy

Chevron Budgets $35.0 Bi for Capital, Exploration

Chevron Corporation (NYSE:CVX) today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates,

Innova Acquires Stake in Neptune Oceanograhics

Innova AS informs it has acquired a substantial shareholding in Neptune Oceanograhics Ltd., a provider of specialized technology for subsea pipeline leak detection

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement

Statoil: No Barents Sea Drilling in 2015

Norwegian energy firm Statoil will not drill exploration wells in the Arctic Barents Sea this year after a failed campaign in 2014, exploration chief Tim Dodson told Offshore.

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

Brent Rises Despite 7th Straight Monthly Drop

Brent headed for seventh month of losses; renewed violence in Iraq supports prices. Oil rose above $49 a barrel on Friday, supported by renewed violence in Iraq

Ensco Tops in Offshore Drilling

  For the fifth consecutive year, Ensco plc earned first place for total customer satisfaction in the Oilfield Products & Services Customer Satisfaction Survey.

Petrobras Plans to Raise $3b from 2015 Asset Sales

Brazilian state-run oil company Petroleo Brasileiro SA plans to raise $3 billion from asset sales in 2015, according to a presentation of its unaudited third-quarter financial results on Thursday.

EDF Commissions Wind Farm in South Africa

French utility EDF commissionned a 61.5 megawatt (MW) wind farm near Port Elizabeth in South Africa, its EDF Energies Nouvelles division said in a statement on Thursday.

DNV GL Wins Contract for Maria Development

DNV GL has been selected by Wintershall Norge AS as the sole supplier for the combined role of Independent Verification Body (IVB) and Third Party Design Verification scope for the subsea,

Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic, Shell Chief

Brent Above $48 After U.S. Stocks Soar

U.S. crude futures remain close to six-year lows; Crude buying for storage supporting prices. Brent oil futures held above $48 a barrel on Thursday as speculator

Norway's Oil Sector Repeating Mistakes of last Downturn?

Some 10 pct of oil workers laid off; Energy sector at risk of cutting too much. Norway's offshore energy sector may be repeating the mistakes of the last big oil slump,

Conoco Reports Q4 Loss, Cuts CapEx Again

ConocoPhillips, the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices.

Shell Eyes Arctic Drilling this Summer

Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high.

Shipping Pollution Will Skyrocket -Study

International freight volumes will grow fourfold by 2050 while the average length of haul will increase by 12 percent over that time, trends that will cause a spike

GE, Statoil Partner for Sustainable Energy Development

GE and Statoil announced a new collaboration which intends to accelerate the development of more environmentally and economically sustainable energy solutions.    This

ClassNK Invests in the Wind Energy Institute of Tokyo

ClassNK has agreed to form a capital alliance with the Wind Energy Institute of Tokyo Inc. (WEIT), a move which aims to strengthen the classification society’s renewable energy activities.

Chevron to Partner with BP, Conoco for Gulf of Mexico Leases

Chevron Corp said it would work with BP Plc and ConocoPhillips to explore and appraise 24 jointly held offshore leases in deepwater Gulf of Mexico. Chevron will

Yinson Wins $2.5 bln Ghana Oil & Gas Contract

Yinson Holdings Bhd , Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54 billion floating production, storage and offloading (FPSO) vessel

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