Petrobras Likely Lost More Than $5 Bln to Corruption

Corruption-related losses at Brazil's state-run oil firm Petroleo Brasileiro SA will likely surpass 20 billion reais ($5.3 billion), federal prosecutor Deltan Dallagnol said on Friday.

US Senators Introduce Bill to Limit Offshore Drilling

A group of U.S. Senators on the West Coast have introduced a bill Wednesday aiming to prohibit offshore drilling on the outer continental shelf of California, Oregon and Washington.

Delek Buys $66 mln Stake in Ithaca Energy

The investment arm of Israeli gas firm Delek Group has acquired a near 20 percent stake in North-Sea focused oil producer Ithaca Energy for $66 million, the companies said on Friday.

Oil Strengthens, Discounts Goldman Gloom

Timespreads for West Texas Intermediate (WTI) and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.

NOVATEK 3Q Operational Update

  OAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2015. In the third quarter 2015, NOVATEK’s marketable production totaled 17.

Danish-South Korean Co-operation Strengthened

  The Danish-South Korean Green Growth Alliance met for roundtable talks yesterday. The Minister for Business and Growth's meeting with the South Korean Minister

Borets Appoints Business Development Manager

Borets, a company that engineers, manufactures, sells and services electric submersible pump (ESP) systems, has appointed Nicholas P. Boyaci as the business development manager,

Injecting 45 Years of New Life

When the Dan Bravo Complex came on stream in 1972, the facility – Denmark’s first producing offshore oil field – was expected to produce for 25 years. Now, thanks to a complex,

Extreme Sampling: Hadal Trenches

Deep-sea trenches represent one of the most extreme marine environments in the world. Although a subject of fascination for many scientists and ocean explorers,

Tackling Subsea Blockages

Subsea blockages are a common industry challenge that can be so complex and costly to treat that some operators are known to leave multiple flow lines blocked for over a decade.

Seadrill Hopes to See Market Turn in 2017

Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.   Rig rates have more

Oil Up, Shrugs Off U.S. Stockpile

Crude oil futures rose in early Asian trade on Thursday, shrugging off a surprise build in U.S. inventories as some Chinese traders returned following a weeklong National Day holiday period.

Eni Arctic Service Rig Extension Okayed

Italian oil company Eni has received permission from Norway's Petroleum Safety Authority to extend the use of a service rig on its troubled Arctic Goliat oil field offshore Norway until Nov.

Oil Spill Statfjord North Sea Field - Statoil

Loading of tankers suspended, unclear when it will resume. Oil spilled into the North Sea during the loading of a tanker at Norway's Statfjord field on Thursday, operator Statoil said.

Statoil Contracts for Two Johan Sverdrup Jackets

  On behalf of the Johan Sverdrup licence, Statoil is today awarding contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A. The

MacGregor Wins Deck Machinery Order in China

  MacGregor, part of Cargotec, has signed contracts with Chinese shipyard Guangzhou Shunhai Shipyard Ltd to deliver anchor handling/towing winch packages for five

NOV Awards Contract to Pulse for Mooring Line Monitoring

Pulse Structural Monitoring, an Acteon company, has been awarded a contract with National Oilwell Varco (NOV) Arendal in Norway to provide an acoustic mooring line

SBM Offshore Says Petrobras Discussions Ongoing

Floating production services provider SBM Offshore responded to media reports of a potential settlement with Petrobras regarding tenders in Brazil, stating the

Shell Starts Bonga Phase 3 in Nigeria

Shell Nigeria Exploration and Production Company Ltd (SNEPCo) announced the start-up of production from the Bonga Phase 3 project.   Bonga Phase 3 is an expansion of the Bonga Main development,

Workers Evacuated After Gas Leak at Mexico Platform

Mexico's state-owned oil company Pemex said on Tuesday that it was working to control a gas leak at the Sihil A platform in the Gulf of Mexico.   Eighty-five workers have been evacuated,

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