Offshore Energy

Fugro Performs Offshore Wind Farm Review

Fugro has been contracted by Cefas, the scientific advisor to the Marine Management Organization, to undertake a review of post-consent monitoring at 19 U.K. offshore

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

Offshore: Seacor Raises the Bar Again

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest

Kazakhstan "Disappointed" Over Kashagan Setback

Kazakhstan's oil and gas minister said on Thursday he was disappointed over the slow development of the giant Kashagan oilfield, but he saw no legal reasons to

Goldman, Morgan Report Strong Commodity Results

Goldman says commodity revenue significantly higher; Morgan Stanley says "strong performance" bolstered FICC. Both banks may be benefiting from rivals scaling back.

US 2014 Petroleum Production: Why Hubbert was Wrong

Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972. The

Schlumberger Profit Jumps 33 pct

Schlumberger Ltd, the world's largest oilfield services company, reported nearly 33 percent rise in quarterly profit from continued operations. Net income from continuing operations rose to $1.

North American Margins Drive Baker Hughes Profit

Baker Hughes Inc, the world's third-largest oilfield services company, posted a 23 percent jump in quarterly profit, helped by improved margins at its North American operations.

POSH raises $311m in Singapore IPO

POSH prices IPO at S$1.15 per share, near bottom of indicative range. POSH focuses on service to production, maintenance and is keen on growing offshore accommodation business.

North Sea Crude-Forties eases, VLCC options narrow

Forties trades at parity with dated Brent; Competing Libyan barrels returning to market. Refining margins under pressure as capacity ramps up. North Sea Forties

Shell Finds Gas in New Site Offshore Malaysia

Anglo-Dutch oil and gas major Shell announced on Thursday it had found gas in a new drilling area off Malaysia. It found more than 450 metres of gas column at

Ultra-deepwater Drillship 'Maersk Valiant' Delivered

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea.

POSH may raise $311 Mln in Singapore IPO

PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier,

Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues.

Fugro to Host Technical Sessions at OTC

“Life-of-Field” will be the theme of Fugro’s technical presentations during the upcoming Offshore Technology Conference, May 5-8 in Houston. A variety of timely

Keppel Q1 Profits Dip Slightly

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million,

US: $4B in Loan Aid for Renewable Energy

The U.S. Energy Department on Wednesday unveiled a plan for up to $4 billion in loan aid for renewable energy companies to help rejuvenate a program that faced

Brent Oil Up to $110 on Ukraine Tension

Brent crude rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, while prices for U.S. oil fell after a report showed a huge build in stockpiles

North Sea: Potential VLCC Moves to South Korea

North Sea Forties crude differentials were unchanged on Wednesday in very quiet pre-Easter trade, with dealers still watching two potential VLCC shipments to Asia

EDF Opens Gas Plant and Wind Farm in Britain

EDF said it had opened its West Burton combined cycle gas turbine power station and its Teesside offshore wind farm in Britain on Wednesday. The West Burton

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