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

Spectrum starts 1,800km² 3D seismic survey off Norway
23 September, 2016
Spectrum, a global company which provides seismic surveys and high-quality seismic imaging services to the global oil and gas industry, has started acquisition of 1,800 km2 Multi-Client 3D...
> read more

Deals this week: Royal Dutch Shell, Sinopec, AKOFS Offshore Friday, September 23, 2016 Shell plans to sell its royalty interests in 17 leases in Ewing Bank, Garden Banks, Green Canyon, Main Pass Area, Mississippi Canyon, and Walker Ridge areas in the US Gulf of Mexico....

Report: Low crude oil prices to continue to impact capex spending on planned projects Friday, September 23, 2016 Capex spending on planned oil and gas projects is expected to fall further due to low crude prices, with estimated decreases from $299.2bn in 2016 to $167.61bn by 2020, according to a...

Lundin Norway wins drilling permit for well 7219/12-1 in North Sea Thursday, September 22, 2016 Lundin Norway has secured a drilling permit from the Norwegian Petroleum Directorate (NPD) for well 7219/12-1 in the North Sea....

Veolia's MPPE unit chosen for Inpex’s Ichthys LNG project Thursday, September 22, 2016 French firm Veolia's MPPE unit has been selected to treat the gas/condensate-produced water stream from Inpex-operated Ichthys LNG project’s floating production storage and offloading...

Oil prices rise as US crude stocks drop Wednesday, September 21, 2016 Oil prices have increased by more than 1% following a fall in US crude stocks and striking oil workers in Norway....

Akastor and Mitsui sign deal to form subsea JV Wednesday, September 21, 2016 Norway-based oil service investment company Akastor and subsidiary Akofs Offshore have signed an agreement with Japanese trading and investment company Mitsui to create a joint venture (JV)...

NPD receives 33 applications for exploration licences off Norway coast Wednesday, September 21, 2016 The latest exploration licensing round offering acreage in mature areas off the coast of Norway has received 33 applications from oil...

Sovcomflot's Shturman Albanov shuttle tanker delivers first load of crude oil Tuesday, September 20, 2016 Sovcomflot Group's Shturman Albanov Arctic shuttle tanker has delivered its first batch of crude oil to the port of Murmansk in Russia....

Indonesia's Medco Energi to buy ConocoPhillips’ subsidiaries Tuesday, September 20, 2016 Medco Energi has signed an agreement to acquire ConocoPhillips Indonesia (CIIL) and ConocoPhillips Singapore Operations (CSOP)....

Engie finds oil and gas near Gjøa field in North Sea Monday, September 19, 2016 Engie E&P Norge and its PL636 (Cara) partners have discovered oil and gas in well 36/7-4 close to the Gjøa field in the North Sea's Norwegian region....

Oil prices increase as Venezuela hopes new deal to stabilise market Monday, September 19, 2016 Oil prices have increased after Venezuela said Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC producers were close to announcing a deal aimed at stabilising the market....

Nopsema urged to reject BP’s proposal to drill in Great Australian Bight Monday, September 19, 2016 Australian non-profit land conservation organisation the Wilderness Society has urged Australia’s offshore oil and gas authority Nopsema to refuse BP's application to drill in the Great...

Report: Barataria project in Gulf of Mexico scheduled to be online by Q4 2016 Friday, September 16, 2016 Gulf of Mexico deepwater project Barataria is planned to come online by the fourth quarter of 2016, according to a report by GlobalData....

RGU to help skills development for Mexico's oil and gas industry Friday, September 16, 2016 Scotland’s Robert Gordon University (RGU) has secured funding to create a skills development framework for Mexico's oil and gas industry....

Nexans to supply umbilicals for BP’s West Nile Delta project in Egypt Friday, September 16, 2016 Nexans has secured a contract to supply 100km of static umbilicals for the next stage of BP's Exploration West Nile Delta project in...

Deals this week: ExxonMobil, Anadarko Petroleum, Petoro AS Friday, September 16, 2016 Exxon Mobil Corporation (ExxonMobil) is to acquire a 40% stake in PPL 374 and PPL 375 licences in the Gulf of Papua, Papua New Guinea, from Gini Energy Limited for an undisclosed amount....

Oil prices increase due to fall in US crude inventories Thursday, September 15, 2016 Oil prices have experienced a rise due to a drop in US crude stocks by 559,000 barrels in the week ending 9 September. ...

BOEM to launch lease sale for oil and gas development in US Gulf of Mexico Thursday, September 15, 2016 The US Bureau of Ocean Energy Management (BOEM) is to offer around 47 million acres in offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in the Gulf of...

Kvaerner gains contract extension for Statoil's Njord A platform Thursday, September 15, 2016 Engineering, procurement and construction (EPC) services provider Kvaerner has secured a Nkr350m ($42.4m) contract from Norway's Statoil for the Njord A platform....

Aker Solutions, Det norske and Subsea 7 to team-up Wednesday, September 14, 2016 Aker Solutions, Det norske oljeselskap and Subsea 7 are set to establish a development alliance in Norway....


News Archive