Offshore

The Future of Arctic Drilling: 90 Billion Barrels & Counting

Royal Dutch Shell announced at the end of January that it would suspend all drilling activity in Arctic waters off Alaska due to a “multibillion-dollar scaling back of new projects.

Offshore Oil & Gas: Brazil’s Northern Frontier

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon

Safety the Focus as Heavy Lifting Picks Up

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that

Azeri Shipyard, BP Sign Vessel Construction Contract

Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project,

New Malaysian Offshore Gas Pipeline Safely Tested

T.D. Williamson (TDW) announced that as the result of a pressure isolation carried out on a major export gas pipeline offshore Malaysia, the pipeline was safely

Rosneft Mulling Angola Oil Projects

Russia's oil producer Rosneft said on Wednesday its delegation in Angola has discussed possible participation of the Kremlin-controlled company into exploration

BP Gulf Spill Trial Set For January

  The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday,

AAE-1 Cable System Comes into Force

The AAE-1 Consortium, owners of the Asia-Africa-Europe-1 submarine cable spanning approximately 25,000 km connecting Asia, Middle East, Africa and Europe; and TE SubCom, a TE Connectivity Ltd.

North Sea Maintenance Offsets Lack of Sales to Asia

North Sea Forties crude differentials were unchanged on Tuesday in light trade, supported by upcoming North Sea maintenance, but the forward curve weakened due

MTR April 2014: Editor's Note

While the Offshore Oil & Gas markets continue to push further from shore in ever-deeper waters, the need for proven technology to work more efficiently in increasingly

Decom North Sea Appoints New Chief Executive

The Board of Directors at Decom North Sea (DNS), the offshore oil and gas decommissioning forum, announced the appointment of a new chief executive to lead the

Helix “Off to a Good Start” in 2014

Helix Energy Solutions Group, Inc. reported net income of $53.7 million, or $0.51 per diluted share, for the first quarter of 2014 compared to net income of $1.

Saipem: A Fleet Grows in Brazil

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems.

Ocean Installer Contracted to Work in Dunlin Field

Fairfield Energy Limited has awarded Ocean Installer a contract for air diving services and light subsea construction work at the Dunlin field. The work scope

Arctic Energy Exploration Efforts Heat Up

Oil and gas—and also mining—are the drivers today propelling Arctic maritime operations and the construction of new vessels able to operate in extreme latitudes.

Fred. Olsen Rig Upgrade Delayed; Costs Eyed

Rig to cost $195 mln to upgrade vs earlier $125 mln; upgrade to be completed in June vs earlier view April. Firm's down 5.6 percent. Norwegian rig firm Fred.

Gassco: Norway Gas Output to be Reduced on April 23

Norway's gas output will be cut by 26 million cubic metres (mcm) per day on April 23 due to preparations to drill a new well in a gas field, gas system operator Gassco said on Tuesday.

Baker Hughes, Aker Solutions form Subsea Alliance

Oil services firms Baker Hughes and Aker Solutions agreed on Tuesday to form an alliance to develop subsea production solutions to boost recovery rates at a lower cost in offshore fields.

UK: Cut Dependence on Russian Gas

Britain said on Tuesday Russia was using it status as an energy superpower to hold other countries to ransom and that a meeting of the G7 group of countries next

China Shipyards Win US$100-Million OSV Contracts

COSCO Corporation (Singapore) Limited says that its subsidiary Dalian and Guandong shipyards in China have won the following offshore vessel construction contracts: 1.

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