Small-Bore Tubing System Solutions for Offshore Enviroments

At OTC 2015, Parker will unveil new solutions for building tubing systems capable of meeting the immense challenges posed by higher pressures and corrosion mechanisms

Top Drillers Face Pain, Tackle Costs

Transocean reports loss, Seadrill profit falls; Moody's cuts Transocean to junk. The world's biggest offshore drillers reported plunging earnings and orders

Transocean Takes $992 mln Charge as Oil Slumps

Offshore rig provider Transocean Ltd wrote down the value of its contract drilling business by $992 million in the fourth quarter as demand slumped due to a steep fall in oil prices.

Seadrill Reports Robust 4Q 2014 Results

Seadrill Limited reported its fourth quarter results for the three months ended December 31, 2014.  Financial Highlights     ·           The Seadrill Group*

Statoil Contracts for Asco

  Statoil (U.K.) Limited has on behalf of the Mariner co-venturers awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK Limited.

Further Delay on Greater Stella

  Ithaca Energy is facing a further delay of almost a year to start-up of its Greater Stella Area (GSA) development hub project off the UK due to stalled modification

Ulstein Verft Delivers 'Blue Queen’

  On 24 February 2015, ‘Blue Queen’ a platform supply vessel of the PX121 design, was delivered to Blue Ship Invest from Ulstein Verft. This vessel is the first

Indonesia Upbeat Ahead of IORA Chair

 Indonesia is gearing up to turn its foreign policy focus westward when its role as Indian Ocean Rim Association (IORA) chair begins later this year, reports Jakarta Post.

Petrobras Scandal About to Hit Brazil's Political Class

Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal, a political bombshell that

Brazil Sees No Need to Capitalize Petrobras

Brazil currently has no plans to capitalize Petrobras despite market fears the state-run oil company could need fresh capital after Moody's cut its credit rating to junk,

Encana CEO: Ready if Right Asset Sale Opportunities Arise

Canada's largest natural gas producer Encana Corp is prepared to respond if the right opportunities to sell assets come along, Chief Executive Doug Suttles told

OSCC to Focus on Safety

OPITO Announces Date for 2015 Safety and Competence Conference. The “economics of safety at $50 oil” is the topic for this year’s OPITO Safety and Competence

Gulf OPEC Delegate: $60 is OK for Now

Oil prices have started to stabilise around current levels of $60 a barrel and demand is showing signs of improving in Asia and other regions, a senior Gulf OPEC delegate said on Tuesday.

Brent Steady at $59, Saudis Say Demand Up

Saudi Arabia's oil minister says markets are calm; Fed may not rush to raise interest rates. Brent crude held steady around $59 a barrel on Wednesday as Saudi

Senecio-3 Flow Test Update

  AWE Limited as the Operator of the L1/L2 joint venture, provides the following update on the flow testing program at the Senecio-3 well, in the onshore Perth Basin, Western Australia.

Transocean Shares Poised for Big Move

Transocean Ltd shares are expected to move about 8 percent in either direction following its earnings results on Wednesday, options data showed, but positioning among traders suggests some worry.

Lime Petroleum Takes Stake in Lundin Norway Well

Rex International Holding Limited’s jointly-controlled entity, Lime Petroleum Norway AS has signed an agreement with Lundin Petroleum Norway AS to acquire a 30

Keith Promoted to VP at Tesla Offshore

Offshore survey service provider Tesla Offshore LLC has promoted Matt Keith to vice president, geoscience manager and an officer with the company, as announced by the company’s president C.

BSEE Issues Alert on DP System Failure

Dynamic positioning system failures on offshore supply vessels engage in oil and gas operations in the U.S. Outer Continental Shelf   The U.S. Bureau of Safety

USCG: Oil Spill in US Waters Averted

The United States Coast Guard and the U.S. Bureau of Safety and Environmental Enforcement released a joint safety alert today in response to an incident in which

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