Offshore News


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Saipem Bags Deals Worth Approximately $1.3B
Friday, January 18, 2019 Saipem has secured 2 EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.

Bureau Veritas Wins Offshore Norway Contract
Thursday, January 17, 2019 Bureau Veritas will provide second- and third-party inspection services for the Fenja development.

Offshore Australia Project Marks Step-Change
Wednesday, January 16, 2019 Subsea 7 and Schlumberger's OneSubsea will deliver a new subsea flowline to an existing natural gas pipeline. PHOTO SOURCE: Subsea Integration Alliance

Offshore Service Spending to Outpace Onshore Shale
Wednesday, January 16, 2019 Research from Rystad Energy reveals that we'll see spending in the offshore service sector outgrow spending on onshore shale this year.

Largest Licensing Award on NCS
Wednesday, January 16, 2019 The Norwegian Ministry of Petroleum and Energy has offered 83 production licenses on the Norwegian Continental Shelf as part of its latest APA round.

UK-Based Energy Services Firm Changes Name
Tuesday, January 15, 2019 Fabricom Offshore Services has announced the launch of a new name and corporate identity.

Ensco Proposes Sweeter Deal for Merger with Rowan
Monday, January 14, 2019 Ensco proposes to increase the exchange ratio for its merger with Rowan Companies.

No Firm Decision on Chevron Asset Bid for Premier
Monday, January 14, 2019 Premier Oil says no firm decision has been taken to bid for 'all or any of the assets currently being marketed by Chevron'.

Equinor Buys Chevron's Rosebank Stake
Friday, January 11, 2019 Equinor completes the acquisition of Chevron's 40% operated interest in the Rosebank project.

Winners and Losers of Offshore Spending Revival
Friday, January 11, 2019 After 4 years of cutbacks, oil companies are poised to open their wallets again and develop new offshore fields, but the benefits won't be spread equally.

ConocoPhillips Contracts Rowan Jackup
Thursday, January 10, 2019 The ultra-harsh environment jackup rig boasts a maximum drilling depth of 35,000 feet.

GOM Subsea Contract Goes to TechnipFMC
Wednesday, January 09, 2019 BP and BHP's deepwater Atlantis field is located approximately 150 miles south of New Orleans.

Venezuela Will Remap its Caribbean Oil, Gas Prospects
Wednesday, January 09, 2019 Venezuela will remap its Caribbean oil and gas prospects.

Unite Members Accept New OCA Offer
Wednesday, January 09, 2019 UK union Unite has revealed that its 2,500 members covered by the Offshore Contractors Association have accepted a revised pay offer from the OCA.

North Sea Exploration is Back
Tuesday, January 08, 2019 North Sea exploration is back in 2019, according to Wood Mackenzie.

North Sea Oda Field Gets Green Light
Monday, January 07, 2019 Norwegian authorities approve the application for the start up of the Oda field in the Norwegian sector of the North Sea.

Aberdeen Services Firm to Create 80 Jobs
Monday, January 07, 2019 Aberdeen-based offshore support vessel specialist Sentinel Marine says it will create 80 new jobs by adding 3 multi-role ships to its fleet.

Equinor Wraps Up $470MM NCS Sales
Friday, January 04, 2019 Equinor completes the sales of 2 'non-core' discoveries on the Norwegian Continental Shelf for a combined total of almost $500 million.

$123B of Offshore Projects May be Sanctioned in 2019
Friday, January 04, 2019 $123 billion of offshore projects could be sanctioned in 2019 if Brent rebounds to $60 per barrel and further cost reduction efforts are successful on current non-economic projects up for sanctioning.

Deepwater Nigeria Field Starts Production
Wednesday, January 02, 2019 Total reported Wednesday that it has achieved first oil from the deepwater Egina Field.

Total Spuds Well Offshore South Africa
Thursday, December 27, 2018 Drilling has commenced on the Brulpadda re-entry well offshore South Africa.

Global Drilling And Well Services Activity Sees An Upswing
Friday, December 21, 2018 More than 72,000 wells are expected to be drilled and completed in 2019, representing a 3% growth compared to 2018.

Oil Tanker Owners Scrap Record Number of Ships
Friday, December 21, 2018 Oil tanker owners scrapped a record number of ships this year.

Total to Start Crude Exports From New Field Offshore Nigeria
Thursday, December 20, 2018 Total is poised to start exports of crude from a major new offshore field in Nigeria.

Giant North Sea Discovery Progressing
Wednesday, December 19, 2018 Equinor reveals the latest progress on the Johan Sverdrup project.

CNOOC in Cooperation Pact with Majors
Tuesday, December 18, 2018 China National Offshore Oil Corporation signs strategic cooperation agreements with several oil and gas majors.

Strong Outlook for Offshore Service Market
Tuesday, December 18, 2018 The outlook for offshore oilfield service contractors is strong, according to Rystad Energy.

Qatar Petroleum Boosts Offshore Mexico Profile
Monday, December 17, 2018 QP will gain a stake in three Eni-operated fields in Mexico's shallow-water Area 1.

NCS Field Comes Online
Monday, December 17, 2018 Production has started from the Aasta Hansteen gas field in the Norwegian Sea.

Upstream Firms Positioned to Thrive
Monday, December 17, 2018 Upstream companies are positioned to thrive in 2019, according to Wood Mackenzie.

Unite Members to be Balloted on New OCA Offer
Friday, December 14, 2018 UK union Unite says its 2,500 members covered by the Offshore Contractors Association are to be balloted on a new pay offer.

McDermott and BHGE Join Australia Gas Project
Wednesday, December 12, 2018 McDermott and BHGE have struck a deal with Western Gas to be the exclusive development partners for the Equus Gas Project.

New Exploration and Production Company Created
Wednesday, December 12, 2018 Eni announces the creation of Var Energi AS.

OGA Releases More Data to Help UKCS Exploration
Wednesday, December 12, 2018 The UK's OGA is continuing to make more and more data openly available to help revitalize exploration of oil and gas in the UKCS.

Oil Tanker Owners Find Solace in Shale
Wednesday, December 12, 2018 America's shale boom could be about to spare the world's oil tanker owners from a typical OPEC ravaging.

Eni Makes New Oil Discovery
Monday, December 10, 2018 Eni announces a new oil discovery in the Afoxe exploration prospect, located in Block 15/06 offshore Angola.

Equinor Gets Green Light for Troll Phase 3
Friday, December 07, 2018 The Norwegian ministry of petroleum and energy approves the plan for development and operation for the Troll Phase 3 project.

Apache Brings North Sea Garten Field Online
Wednesday, December 05, 2018 Apache Corporation initiates production from its Garten development in the UK sector of the North Sea.

Offshore Mexico Appraisal Well Spuds
Tuesday, December 04, 2018 The Zama discovery appraisal program will include three penetrations: two wells and one sidetrack.

Workers Return to North Sea Platform After Downman
Tuesday, December 04, 2018 All personnel have been safely returned to the North Sea Brent Charlie platform following a downman on November 27.

EnQuest Boosts Magnus Stake to 100%
Monday, December 03, 2018 EnQuest completes the acquisition of a 75% interest in the North Sea Magnus oil field from BP.

Shell Completes Sales Worth up to Almost $2B
Friday, November 30, 2018 Shell has wrapped up sales deals worth up to $1.827 billion.

Four Things Upstream Firms Can Change in 2019
Thursday, November 29, 2018 BCG has identified four domains in which upstream companies can seize opportunities to transform themselves.

BHGE Introduces Cost-Saving Subsea Technology
Thursday, November 29, 2018 Baker Hughes says the new technology can reduce the economic development point of subsea projects by 30%.

UK Expected to Spend $19.5B on Decom in Next Decade
Thursday, November 29, 2018 The UK is expected to spend $19.5 billion on decommissioning over the next decade, according to a new report from industry body Oil & Gas UK.

Offshore Saudi Contract Goes to Boskalis and Lamprell
Wednesday, November 28, 2018 Saudi Aramco has awarded a Long Term Agreement for Offshore Facilities program contract to a consortium.

Contractors' Confidence in UKCS Keeps Rising
Wednesday, November 28, 2018 Contractors' confidence in the UKCS is continuing to improve, according to a new survey.

Oil Exploration Activity Will Pick Up in 2019
Wednesday, November 28, 2018 There will be a pick up in oil exploration activity next year, according to a new report.

GOM Subsea Contract Goes to McDermott
Tuesday, November 27, 2018 McDermott will install new subsea umbilical and flowline at the Great White Frio development.

Cost Inflation Threatens Deepwater Recovery
Tuesday, November 27, 2018 Cyclical cost inflation could threaten an otherwise recovering deepwater industry, according to a new report by WoodMac.