According to a Nov. 29 report from The Wall Street Journal, Maersk Oil has been awarded a license covering Block 9 in Baffin Bay, offshore West Greenland. The frontier exploration block is 11,802 sq km.
(Source: The Wall Street Journal)
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Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.
The oil discoveries are down 47% y-o-y on an annualised basis so far in 2016, global rig utilisation has dropped 22 percentage points to 73% in two years, and 29% of seismic units are inactive,
Revenue falls 30 pct; order book at S$9.7 billion.
Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces
The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share.
The dividend will be paid on June 2, 2016 to all shareholders
The 60-foot fishing boat Paulo Marc was towed by the crew of U.S. Coast Guard Cutter Moray after the fishing vessel became disabled Wednesday about 90 miles east of Portland, Maine.
An Indian-flagged oil tanker is returning to Libya, the North African country's rival oil corporation said on Thursday, after its failed first attempt to export