Offshore News


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Aker BP Makes New Discovery
Thursday, March 21, 2019 Aker BP has made a discovery at the Froskelar Main exploration well.

Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thursday, March 21, 2019 Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.

Offshore Jackets and Topsides Contract Goes to McDermott
Thursday, March 21, 2019 The work is expected to take 34 months to complete.

$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019 Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.

$264B Needed to Realize UK's Oil and Gas Vision
Wednesday, March 20, 2019 $264 billion will need to be spent by exploration and production companies in existing operations and new opportunities to realize the UK oil and gas industry's Vision 2035.

When Will the Oil Service Market Match 2014 Highs?
Tuesday, March 19, 2019 When will the global oilfield service sector return to previous highs?

Spirit Energy Brings Oda Online
Tuesday, March 19, 2019 Spirit Energy has started oil production on the Oda field almost 5 months earlier than originally planned.

Algeria NOC Enlists WorleyParsons' Help to Boost Output
Friday, March 15, 2019 Sonatrach wants to command a Top 5 NOC position.

Rowan Jack-up Heading to Guyana
Thursday, March 14, 2019 Repsol plans to spud its first exploration well in the offshore Kanuku block this year.

Eni Finds Gas Offshore Egypt
Thursday, March 14, 2019 Eni has made a gas discovery at the Nour prospect offshore Egypt.

Strikes Begin at Shetland Gas Plant
Wednesday, March 13, 2019 Unite union members at Shetland Gas Plant have commenced industrial action.

Gulf of Mexico Lease Sale Set for August
Wednesday, March 13, 2019 Lease Sale 253 will be the fifth of 10 offshore lease sales under BOEM's 2017-2022 OCS leasing program.

Deepwater Angola JV Hits Oil Pay
Wednesday, March 13, 2019 Early estimates indicate up to 650 million barrels of light crude in place.

What Does an Election Mean for UK Oil and Gas?
Wednesday, March 13, 2019 If there was a general election in the not too distant future, what would it mean for the UK oil and gas industry?

US Slashes Oil Production Forecast
Tuesday, March 12, 2019 While crude output is still expected to reach record levels, the EIA trimmed its 2019 forecast.

UK Oil and Gas Production Rises in 2018
Tuesday, March 12, 2019 UK oil and gas production increased by more than 4 percent last year, according to a new report by the Oil and Gas Authority.

KCA Deutag Unit Wins Design Contract
Tuesday, March 12, 2019 Unit of drilling contractor achieves something it hasn't done in five years.

Chevron CEO Talks Permian, Diversity at CERAWeek
Tuesday, March 12, 2019 Chevron's Mike Wirth speaks about the surge in Permian production and why the company hasn't forgotten about its other resources.

First Day of UK Strike Begins
Monday, March 11, 2019 UK union Unite's offshore membership on the Total Elgin-Franklin platforms and the Total North Alwyn and Dunbar platforms has gone ahead with a 24-hour strike.

BP West Africa Contracts Go to McDermott and BHGE
Monday, March 11, 2019 The contracts cover SURF and SPS equipment.

Eni Inks Farmout Deal with Qatar Petroleum for Mozambique Block
Monday, March 11, 2019 Eni and Qatar Petroleum have entered into a farmout agreement which will allow Qatar Petroleum a 25.5 percent participating interest in Block A5-A offshore Mozambique.

Petrobras Hires Transocean Drillships
Monday, March 11, 2019 The total estimated firm backlog for both drillships amounts to more than $240 million.

PTTEP Makes Gas Discovery Offshore Australia
Friday, March 08, 2019 PTT Exploration and Production Public Company Limited has made a new gas discovery offshore Australia.

Deepwater Egypt Contract Goes to ADES-Vantage JV
Friday, March 08, 2019 The Tungsten Explorer drillship. PHOTO SOURCE: Vantage Drilling International

One Killed, Two Injured at Eni Gas Platform Offshore Ancona
Wednesday, March 06, 2019 A crane fell at the platform, killing the operator and injuring two others.

Aker Energy Strikes Oil at Offshore Ghana Well
Tuesday, March 05, 2019 Aker Energy, operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, has struck oil in the Pecan South-1A well offshore Ghana.

Operators Set to Boost Subsea Spend
Monday, March 04, 2019 Operators are poised to boost expenditure substantially on subsea equipment and installation, according to Rystad Energy.

Equinor Makes North Sea Oil Discovery
Monday, March 04, 2019 Equinor makes an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea.

US Oil Stays Closer to Home
Friday, March 01, 2019 The long-running trade war between the U.S. and China is keeping ships from ferrying American oil far, far away.

BP Starts Up 3rd Major Upstream Project in 2019
Thursday, February 28, 2019 BP Trinidad and Tobago announces first gas production from its Angelin development, located offshore Trinidad.

Diamond Offshore Raising Drillship Dayrates
Thursday, February 28, 2019 The drilling contractor's CEO said the increase involves long-term leases beginning in 2020.

Exxon Boosts Reserves by 4.5B Barrels
Wednesday, February 27, 2019 Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year's production.

Offshore UK Strike Dates Revealed
Wednesday, February 27, 2019 UK union Unite reveals the complete strike schedule for its offshore membership on the Elgin-Franklin, North Alwyn, Dunbar and Shetland Gas Plant assets.

RockRose to Buy Marathon Oil's UK Business
Tuesday, February 26, 2019 RockRose signs an agreement to acquire 100 percent of Marathon Oil U.K. and Marathon Oil West of Shetland Limited from subsidiaries of Marathon Oil Corporation.

$500MM of Oil Sits Off Venezuela
Tuesday, February 26, 2019 Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil.

Husky Energy Cites Alberta Oil Cuts for Lower 2019 Production
Tuesday, February 26, 2019 Canadian oil and gas company Husky Energy has lowered its production forecast due to the Alberta government's mandated oil cuts.

Global Decom Costs Set to Hit New Record
Monday, February 25, 2019 Global decommissioning costs are set to hit a record $36 billion over the next 3 years, according to Rystad Energy.

Offshore UK Workers Vote for Strike Action
Monday, February 25, 2019 UK union Unite's offshore membership votes 'overwhelmingly' for industrial action on the Elgin-Franklin, North Alwyn, Dunbar and Shetland Gas Plant assets.

Offshore Saudi Arabia Contracts Go to McDermott
Monday, February 25, 2019 The EPCI contracts are tied to Saudi Aramco's broader Marjan field expansion.

Ensco and Rowan Merger Given Final Approval
Thursday, February 21, 2019 More than four months after originally announcing their plans to merge, offshore drilling contractors Ensco plc and Rowan Companies plc Rowan Companies plc have been given the final green light.

Norwegian Production Decreases
Wednesday, February 20, 2019 Norwegian output decreased from December to January, according to the Norwegian Petroleum Directorate's latest preliminary figures.

New Brazil Production Adds to OPEC Headache
Wednesday, February 20, 2019 A new Brazilian oil supply boom is poised to challenge OPEC's oil market balancing efforts.

Oil and Gas Stepping Up Its Exploration Game
Tuesday, February 19, 2019 After years of budget cuts, oil and gas companies are finally stepping up their exploration game.

33 FPSOs to be Sanctioned to 2021
Monday, February 18, 2019 Rystad Energy expects 33 FPSOs to be sanctioned from 2019 to 2021.

Kosmos Founding Partner to Retire
Monday, February 18, 2019 Kosmos Energy's chief exploration officer and founding partner, Brian F. Maxted, has decided to retire from the company.

Transocean Makes Automation Deal with Equinor
Monday, February 18, 2019 One harsh-environment semi-submersible was fitted with the ADC system two years ago.

Ampelmann Opens New Office in Russia
Wednesday, February 13, 2019 Dutch offshore service provider Ampelmann has opened a new office in Sakhalin, Russia.

Carnarvon Conducting Placement to Raise $50MM
Wednesday, February 13, 2019 Carnarvon Petroleum Limited is conducting a placement to 'institutional and sophisticated investors' to raise approximately $50 million.

Offshore Texas Oil Export Facility Proposed
Tuesday, February 12, 2019 Port facility would be able to handle VLCCs.

2nd Stage of BP West Nile Delta Project Starts Up
Monday, February 11, 2019 BP announces first gas production from the 2nd stage of its West Nile Delta development offshore Egypt.