News, views and contacts from the global Offshore industry
 

News

Stay up to date with the latest industry news from the global offshore industry

Latest News

Oil falls below $87 on expectations that Federal Reserve may lift interest rates
30 October, 2014
The price of Brent crude oil dropped below $87 a barrel on Thursday amid expectations that the Federal Reserve may lift interest rates, putting pressure on the US...
> read more

Technip secures subsea contract for Bangka Development, offshore Indonesia
Thursday, October 30, 2014 Technip has secured a subsea contract from Chevron Indonesia for the Bangka Development, located in the Rapak PSC area, about 70km offshore the province of East Kalimantan,...

Chevron and partners to invest $6bn in Stampede project in US Gulf of Mexico
Thursday, October 30, 2014 Chevron and its partners will invest an estimated $6bn in the development of the Stampede project in the deepwater US Gulf of...

Technip wins contract to work on Kraken development in UK North Sea
Wednesday, October 29, 2014 Technip has secured a large contract from EnQuest to work on the Kraken development in the UK North...

Total to sell stakes in several Norwegian oil fields for $317m
Wednesday, October 29, 2014 France-based Total has agreed to sell stakes in various oil fields in Norway to PGNiG Upstream International for...

Price of Brent crude oil increases above $86
Wednesday, October 29, 2014 The price of Brent crude oil increased above $86 a barrel today ahead of the Federal Reserve statement on the US monetary...

Oil trades below $86 amid decline in US dollar
Tuesday, October 28, 2014 The price of Brent crude oil steadied below $86 a barrel on Tuesday following a drop in the US dollar, which offset issues of weak demand and ample...

Eni discovers gas in Merakes exploration prospect offshore Indonesia
Tuesday, October 28, 2014 Italian energy firm Eni has discovered gas in the Merakes exploration prospect, located offshore...

Ophir Energy to acquire seven PSCs from Niko Resources
Tuesday, October 28, 2014 Ophir Energy has agreed to acquire the interests in seven deepwater production-sharing contracts (PSCs) in Indonesia from Niko...

Statoil secures new Australian offshore exploration permit
Monday, October 27, 2014 Norwegian energy firm Statoil has secured a permit to explore oil and gas off the north-west coast of...

Impact Oil and Gas wins new exploration license offshore of West Africa
Monday, October 27, 2014 Impact Oil and Gas has secured a new exploration license covering the AGC Profond block, which is located offshore of West Africa in the Senegal Guinea Bissau Joint Development Zone...

Oil falls below $86 a barrel in Goldman Sachs forecast cuts
Monday, October 27, 2014 The price of Brent crude oil has declined to below $86 a barrel after US investment bank Goldman Sachs cut its price forecasts earlier...

Norway's high tax challenging commercial viability of Arctic oil opportunities: GlobalData analyst
Friday, October 24, 2014 The high tax burden in Norway is challenging the commercial viability of Arctic oil opportunities, compared with Russian, Canadian and US Arctic fiscal regimes, according to an analyst...

Brent crude oil drops to $86 amid news of first Ebola case in New York, US
Friday, October 24, 2014 The price of Brent dropped towards $86 a barrel on Friday after conformation of the first Ebola case in New York,...

Chevron unveils new oil discovery at Guadalupe prospect in US Gulf of Mexico
Friday, October 24, 2014 Chevron has announced a new oil discovery at the Guadalupe prospect in the deep-water US Gulf of...

Shell finds gas at Leopard-1 well offshore Gabon
Thursday, October 23, 2014 Shell has made a deepwater gas discovery at its Leopard-1 well in license BCD10, offshore Gabon in West...

Statoil discovers more oil near Grane field in North Sea
Thursday, October 23, 2014 Norwegian energy firm Statoil has discovered between 30 million and 80 million barrels of recoverable oil near its operating Grane field in the North...

Ophir Energy flows gas at Fortuna-2 well in Equatorial Guinea
Wednesday, October 22, 2014 UK-based exploration firm Ophir Energy has flowed gas at the Fortuna-2 well in Block R, Equatorial Guinea....

McDermott to support Bukit Tua development project in Indonesia
Wednesday, October 22, 2014 McDermott International has won a contract from Petronas subsidiary PC Ketapang II to support the Bukit Tua development project in the Ketapang block of East Java, Indonesia....

Brent steadies above $86 on expectations of increase in oil demand
Wednesday, October 22, 2014 The price of Brent crude futures steadied above $86 a barrel today on expectations that oil demand may lift in the near term....

Jurong Shipyard to support TEN development project, offshore Ghana
Tuesday, October 21, 2014 Jurong Shipyard, a subsidiary of Sembcorp Marine, has secured a contract from MODEC Offshore Production Systems to support the TEN development project in Ghana, which is expected to cost...


News Archive