Offshore News


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First Gas from Karish-Tanin Development On Track
Thursday, November 15, 2018 Energean Oil and Gas plc is on track to deliver first gas from its 2.4 trillion cubic feet Karish and Tanin development offshore Israel.

Strong Interest in Latest UK Licensing Round
Wednesday, November 14, 2018 The UK's latest offshore licensing round has attracted 36 applications covering 164 blocks.

Wood Wins Mega Project Services Deal
Tuesday, November 13, 2018 Wood secures multi-million dollar contract extension from ADNOC Offshore.

Less Appetite for Exploration Drilling
Monday, November 12, 2018 There's less appetite for exploration drilling, according to Rystad Energy.

Welcome to a Renter's World
Friday, November 09, 2018 One trend that emerged from the latest downturn this looks set to last: the traditional customer's conversion to a leasing model.

Major Tanker Port Restarts After Vessel Collision
Friday, November 09, 2018 The Sture terminal and the Kollsnes plant resumed operations Thursday afternoon.

Sub-Saharan Africa Capex Could Hit $24B in 2019
Friday, November 09, 2018 CAPEX among Sub-Saharan Africa national oil companies and SSA-focused international oil and gas companies is set to register a 13.1% growth in 2019.

UKCS Reserves Could Sustain Output for 20+ Years
Thursday, November 08, 2018 The OGA's estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent.

Further Talks Planned to Avoid North Sea Strike
Wednesday, November 07, 2018 The OCA and UK union representatives agree to meet on November 20 for further talks.

Serica Boosts Stake in North Sea Assets
Tuesday, November 06, 2018 Serica UK signs a deal to buy additional interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea.

Strike Action on the Cards for UK GMB Union?
Tuesday, November 06, 2018 UK union GMB confirms that most of its members covered by the Offshore Contractors Association agreement have voted for industrial action.

Israel Launches 2nd Offshore Bid Round
Monday, November 05, 2018 Israel announces the launch of its 2nd offshore bid round.

Thousands of UKCS Workers Edge Closer to Strike
Monday, November 05, 2018 The 'vast majority' of UK union Unite's 2,500 members covered by the Offshore Contractors Association agreement have voted for industrial action.

Oil & Gas UK Awards Winners Revealed
Friday, November 02, 2018 Industry body Oil & Gas UK reveals the winners of the 2018 Oil & Gas UK Awards.

Apache Plans to Fast Track North Sea Find
Thursday, November 01, 2018 Apache plans to accelerate initial production from the Garten discovery from the first quarter of 2019 to the fourth quarter of this year.

Norwegian Firm Wins $100MM Johan Sverdrup Work
Wednesday, October 31, 2018 Kvaerner signs a contract worth approximately $107 million with Equinor.

OGA Gives Its View on Autumn Budget
Wednesday, October 31, 2018 The Chief Executive of the UK's Oil and Gas Authority, Andy Samuel, has responded to the Chancellor of the Exchequer's Autumn Budget.

North Sea Columbus Development Gets Green Light
Wednesday, October 31, 2018 The Field Development plan for the North Sea Columbus Development has been approved.

GOM Drillship Contract Goes to Rowan
Tuesday, October 30, 2018 Fieldwood Energy LLC has awarded a GOM contract to Rowan for the R-Class ultra-deepwater drillship Rowan Reliance.

Total Gets Nod to Extend Skirne and Byggve Lifespan
Tuesday, October 30, 2018 Total E&P Norge gets consent to extend the operational life of Skirne and Byggve to March 2024.

UK Must Increase Cost Effective Drilling Activity
Tuesday, October 30, 2018 The UK offshore oil and gas industry needs to make a concerted effort to increase cost effective drilling activity, according to the OGA.

What the Autumn Budget Means for UK Oil and Gas
Tuesday, October 30, 2018 The Chancellor of the Exchequer delivers the 2018 Autumn Budget, which included several points relevant to the UK oil and gas industry.

European Majors Team Up to Explore Algeria Offshore
Monday, October 29, 2018 Eni, Total and Sonatrach sign 2 agreements which include an exclusive partnership for offshore exploration in Algeria.

Important Oil Discovery in Barents Sea
Monday, October 29, 2018 A new oil discovery has been made though the Barents Sea Skruis exploration well, which is located in the Johan Castberg license.

Norway and Russia Sign Seismic Deal
Friday, October 26, 2018 Norway and Russia sign an agreement on mutual rights to seismic acquisition in the Barents Sea.

Total Finds Congo Pleasant Surprise
Friday, October 26, 2018 Total's oil production in the Republic of Congo has exceeded expectations, a company official said.

Australian Firm Takes 1st Step in North Sea Push
Friday, October 26, 2018 Talon Petroleum Limited enters into an agreement with Corallian Energy Limited to earn a 10% stake in License P2396.

$43B Slated for North Sea Projects Through 2025
Thursday, October 25, 2018 Sixty-seven oil and gas projects offshore four North Sea countries should start up through 2025, representing $43.1 billion in investment, according to a new report from GlobalData.

Plan Submitted for 2014's Largest Oil Find
Thursday, October 25, 2018 The development and exploitation plan for the SNE field offshore Senegal has been submitted on schedule to the government.

Saudi Aramco Signs Deals Worth Over $34B
Wednesday, October 24, 2018 Saudi Aramco signs 15 Memoranda of Understanding and strategic and commercial collaborations valued at more than $34 billion.

Upstream Players Must Boost Spending
Wednesday, October 24, 2018 Global oil and gas development spend needs to increase by around 20%.

Aker Wins $200MM CNOOC Subsea Order
Tuesday, October 23, 2018 Aker Solutions receives a notification of award for orders valued at more than $205 million from the China National Offshore Oil Corporation.

More UK FIDs Before End of Year?
Tuesday, October 23, 2018 There could be 2 more UK final investment decisions before the year is over, Sillimanite and Columbus.

Green Light for North Sea Alligin Field
Monday, October 22, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Alligin development west of Shetland.

OGA Starts New Plan for 300MM Barrel North Sea Area
Friday, October 19, 2018 The OGA initiates a new area plan to maximize economic recovery from the Greater Buchan area of the North Sea, which it says is estimated to contain between 150 and 300 million barrels of oil equivalent.

Aker BP Buys King Lear Find
Tuesday, October 16, 2018 Aker BP enters into an agreement with Equinor to acquire its 77.8% interest in the King Lear gas/condensate discovery.

Saipem Seals Services Deals Worth $400MM
Monday, October 15, 2018 Saipem signs new offshore engineering and construction contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of approximately $400 million.

110MM Barrel North Sea Field Comes Online
Monday, October 15, 2018 The North Sea Oseberg Vestflanken 2 field came online on October 14.

Oil Majors Offload Gulf of Mexico Fields to Hunt Bigger Finds
Friday, October 12, 2018 Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it's home runs or bust.

How to Negotiate a Pay Rise as an Experienced Oil Pro
Friday, October 12, 2018 Rigzone talks to several experts to find out how experienced oil and gas professionals can negotiate a pay rise.

Up to 6 More UK North Sea FIDs in 2018
Thursday, October 11, 2018 Up to 6 more final investment decisions can be expected within the UK North Sea this year, according to Wood Mackenzie.

11 Tcf Discovery Made in Russia
Thursday, October 11, 2018 PJSC Novatek announces the discovery of a new gas field in the Ob Bay area.

Trump Rerouting World's Oil Tankers
Thursday, October 11, 2018 US President Donald Trump is redirecting global oil flows.

Chevron Quits Norway
Wednesday, October 10, 2018 Chevron Corp is selling its last remaining oil exploration license in Norway.

FID Taken on UK North Sea Field
Wednesday, October 10, 2018 A final investment decision has been made to develop the UK central North Sea Arran field.

Ensco and Rowan to Merge in $12B Deal
Monday, October 08, 2018 The companies have entered into a definitive transaction agreement to create an offshore drilling powerhouse.

Norwegian Sea Gift Keeps on Giving
Friday, October 05, 2018 In production since 1997, the Equinor-operated Norne oil field in the Norwegian Sea just got a major boost in its recoverable reserves estimate.

Offshore Guyana Pipe Coating Contracts Go to Shawcor
Friday, October 05, 2018 Shawcor to provide thermal insulation and anticorrosion pipe coating services.

UK Offshore Sees Continued Safety Improvement
Thursday, October 04, 2018 The UK's offshore oil and gas industry continued to see improvement across a range of health and safety indicators last year, according to a new report.

Subsea Contract Features Made-in-India Element
Wednesday, October 03, 2018 India's ONGC has awarded it largest single subsea contract.