Offshore News


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Does Private Equity Have a Future in Deepwater Gulf of Mexico?
Wednesday, September 19, 2018 New analysis by Wood Mackenzie takes a look at private equity in the US Gulf of Mexico, exploring operational strategies and potential risks.

The $13 Billion Offshore Jobs Engine
Wednesday, September 19, 2018 There's plenty of work available sunsetting offshore platforms.

First Oil Production Begins at Tortue Field
Wednesday, September 19, 2018 Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.

Faroe Set to Ramp Up Exploration and Appraisal Activity
Wednesday, September 19, 2018 Norway and UK focused Faroe is set to 'ramp up' its exploration and appraisal activity in 2018 and 2019, according to a joint statement by the company's chairman and chief executive.

Shell UK Outlines New Work Rota for Central North Sea Assets
Tuesday, September 18, 2018 Shell UK reveals Tuesday that it will change its offshore operating model on its central North Sea assets.

UK West Shetland Seismic Survey Acquisition Commences
Monday, September 17, 2018 CGG commences the acquisition of a seismic survey in the UK West Shetland basin.

UK Union Postpones North Sea Strike
Monday, September 17, 2018 UK union Unite postpones a 12-hour strike scheduled for Monday on the Alwyn, Dunbar and Elgin platforms in the North Sea.

Lyon Well Offshore UK Deferred Until 2019
Thursday, September 13, 2018 The drilling of the offshore UK Lyon exploration well has been deferred until 2019, Siccar Point Energy has revealed.

Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.

Oil and Gas Sales Value in Scotland Rises Almost 20 Percent
Wednesday, September 12, 2018 The approximate sales value of oil and gas produced in Scotland in the 2017-18 financial year is estimated to be $26 billion (GBP 20 billion), according to a new report released Wednesday.

UK Union Members Emphatically Reject Revised Total Pay Offer
Wednesday, September 12, 2018 UK union Unite says its members have 'emphatically rejected' a revised pay offer by Total.

Free Cash Flow on UKCS Could Be Over $12.9B in 2018
Tuesday, September 11, 2018 Free cash flow on the UK Continental Shelf could be more than $12.9 billion (GBP 10 billion) this year, for the first time since 2010.

Shippers Fear Engine Failures as Industry is Forced to Upgrade its Fuel
Tuesday, September 11, 2018 Add oil tankers breaking down at sea to the list of things shipping companies are worrying about as they brace for a once-in-a-generation overhaul to the kind of fuel the industry must consume.

Oceaneering Sees Reason for More Offshore Confidence
Monday, September 10, 2018 Oceaneering and Subsea 7 will supply an umbilical and flying leads for Shell's deepwater Vito development.

Norway's Largest Oil Pipeline Now in Place
Monday, September 10, 2018 The last pipe of what is now Norway's longest and largest oil pipeline has been installed next to the riser platform at the Johan Sverdrup field in the North Sea.

Zohr Field Now Producing 2 Bcf Per Day
Monday, September 10, 2018 Eni announces that the Zohr field offshore Egypt is now producing 2 billion cubic feet per day.

New Report Predicts When Gas Will Become Dominant Energy Source
Monday, September 10, 2018 New report from DNV GL outlines when gas will overtake oil demand to become the dominant energy source.

UK Offshore Oil Industry Welcoming Over 100 Apprentices in September
Friday, September 07, 2018 A total of 105 students will join the industry in September through the Oil and Gas Technical Apprentice Program.

New Study Reveals UKCS Could Save $1.9B Annually through Data Analytics
Friday, September 07, 2018 Adopting data analytics and digital technologies for asset maintenance and operations could increase production and lower maintenance costs worth $1.9 billion annually to the UKCS, according to a new study.

EnQuest Launches $138MM Rights Issue To Buy All Of Magnus Oilfield
Friday, September 07, 2018 EnQuest, which already owns a quarter of the Magnus oilfield, launches a rights issue to help it buy the rest from BP.

Flush with Cash, Majors Seek to Tap Africa's Vast Resources
Wednesday, September 05, 2018 Africa is entering the oil-hunt spotlight as drillers are turning their attention back to the continent's potentially vast resources.

Transocean Banks on Ultra-Deepwater Recovery with Ocean Rig Deal
Tuesday, September 04, 2018 Transocean and Ocean Rig's merger could wrap up early next year.

Guyana Can Become Richest Corner of the Continent
Friday, August 31, 2018 Analysis from WoodMac says ExxonMobil's latest discovery offshore Guyana will help the country create the greatest value of any offshore basin.

Aker Energy To Submit Plan For Ghana Offshore Field In 2019
Thursday, August 30, 2018 Aker Energy will delay submitting a plan for development of its block off Ghana.

Report Envisions 30,000 New Offshore Brazil Jobs
Tuesday, August 28, 2018 Wood Mackenzie contends that Brazil's mature Campos basin oil fields could produce an extra 230,000 boepd with the right investment.

ExxonMobil Starts Deepwater Drilling Off Southeastern Australian Coast
Monday, August 27, 2018 ExxonMobil says it has commenced offshore exploration drilling off Australia's southeast coast.

Total Targets UK Offshore Workers Individually After Union Talks Break Down
Friday, August 24, 2018 Total plans to start individual consultations with workers at three of its UK North Sea offshore platforms.

Sverdrup Was Norway's Lifeline during Oil Crash
Thursday, August 23, 2018 While Norway's oil-service companies had to slash their fees, Sverdrup's timing also proved a godsend for them.

More Layoffs on the Way for Aker Solutions
Thursday, August 23, 2018 Norwegian oil services firm will lay off staff at Agotnes yard.

Shell's Appomattox FPS Reaches Offshore Louisiana Destination
Wednesday, August 22, 2018 Shell's Appomattox has made the journey to its GOM installation site. SOURCE: Crowley Maritime Corp.

One-day Strike at Total's North Sea Oil, Gas Platforms Ended -Union
Tuesday, August 21, 2018 Workers at three of French oil company Total's UK North Sea oil and gas platforms ended a 24-hour strike at 0500 GMT on Tuesday as scheduled, the Unite union said.

Industry Body Responds to Tolmount Sanction
Tuesday, August 21, 2018 Oil & Gas UK responds to Premier Oil's announcement that the development of its Tolmount Main gas field has been sanctioned by joint venture and infrastructure partners.

Energy Minister Warns Losing Lofoten Would Imperil Norway's Arctic Push
Monday, August 20, 2018 Backing down on drilling off Norway's Lofoten islands could also threaten the search for oil and gas that lies beneath the Barents Sea, the country's energy minister says.

Global Oilfield Service Sector to Hit Pre-Downturn Market Levels by 2024
Friday, August 17, 2018 Rystad Energy expects the global oilfield service sector to be back at pre-downturn market levels by 2024.

Dorado-1 has Created Big Exploration Buzz around Perth
Thursday, August 16, 2018 The Dorado-1 discovery offshore Australia 'has created a big exploration buzz around Perth,' according to Wood Mackenzie's Australasia Upstream Senior Analyst Daniel Toleman.

Oil Companies Make Few Bids In US Offshore Lease Auction
Wednesday, August 15, 2018 Oil companies bid on less than 1% of the parcels offered in a sweeping US auction of Gulf of Mexico exploration leases.

Union, Total to Hold Discussions Thursday
Wednesday, August 15, 2018 UK union Unite will hold discussions with Total on August 16 to try and reach a resolution to a dispute which has seen Unite carry out strikes on the Alwyn, Dunbar and Elgin rigs in the North Sea.

Eni Plans More Offshore, Onshore Egypt Drilling
Tuesday, August 14, 2018 Eni has further strengthened its position in Egypt.

Unite Members Accept New Aker Mariner Offer
Tuesday, August 14, 2018 UK union Unite confirms that members working for Aker Solutions on the Statoil Mariner oil platform have accepted an improved pay offer.

Neptune Energy to Acquire North Sea Interests from Apache
Monday, August 13, 2018 Neptune Energy Group agrees to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited.

Unite Carries Out 12-Hour North Sea Strike
Monday, August 13, 2018 UK union Unite is carrying out a 12-hour strike on the Alwyn, Dunbar and Elgin platforms in the North Sea today, a union spokesperson has confirmed.

Take a Virtual Field Trip to An Offshore Platform
Friday, August 10, 2018 A Google Street View depiction of the Alpha platform's helideck. SOURCE: Neptune Energy

Aberdeen Services Firm to Create 24 New Jobs
Thursday, August 09, 2018 Sentinel Marine takes delivery of a new vessel that will create 24 new jobs when it goes into service.

Silvertip Subsea Contract Goes to McDermott
Tuesday, August 07, 2018 Silvertip is one of three fields – the others being Great White and Tobago – in Shell's Perdido development.

Gas Production at Egypt's 9B Field to Begin in October - Minister
Friday, August 03, 2018 The petroleum ministry's statement did not say how much gas the first two wells would initially produce.

Unite Scheduled to Go Ahead with North Sea Strike on Monday
Friday, August 03, 2018 Members of UK union Unite employed by Total E&P working on North Sea oil and gas platforms are scheduled to go ahead with a 24-hour strike on August 6, a union spokesperson confirms.

Exec Sees UKCS Jump with Shell Penguins Contract
Thursday, August 02, 2018 DNV GL will support Shell and ExxonMobil's redevelopment of the Penguins field.

First Oil at Offshore UK Lancaster Field on Track for 1H 2019
Thursday, August 02, 2018 First oil at the Lancaster field, located offshore UK, is on track for the first half of next year, Hurricane Energy plc's chief executive, Robert Trice, announced Thursday.

Bay of Campeche Subsea Tieback Contract Goes to McDermott
Wednesday, August 01, 2018 Pemex has selected McDermott to install two rigid flowlines for its Ayatsil field, which is located in the Bay of Campeche.

Union: Workers to be Balloted on New Pay Offer
Wednesday, August 01, 2018 UK union Unite confirms that members working for Aker Solutions on the Statoil Mariner oil platform are to be balloted on a new pay offer.