Teekay Offshore Partners L.P. has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) to provide a floating production,
Lamprell delivers its 11th Super 116E jackup drilling unit
Lamprell has completed the construction of jackup drilling rig, the Shuwehat, and has delivered the
Saudi Arabia's powerful oil minister said on Thursday that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked.
Royal Dutch Shell said on Thursday it had resumed production of Nigerian EA crude oil and lifted its force majeure on the grade after completing repairs to a mooring platform.
More companies cut upstream investments around world; strong U.S. production continues to drag on prices.
Brent crude jumped 3 percent to above $63 a barrel on Thursday,
China's Sinopec has joint venture with Sonangol; Angola cash-strapped after oil price slump.
China will lend Angola's Sonangol $2 billion to expand oil and gas projects,
The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are
Measures take effect on Saturday; aim is to keep pressure on Russia over Ukraine.
The European Union banned investment in Crimea on Thursday, halting European
Mermaid has secured a 2-year contract for its dive support vessel, ‘Mermaid Commander’, to provide subsea construction support in the Gulf of Thailand for a
Commercial inflows of oil, gas and condensate have been acquired in four exploration wells on Rosneft’s licensed blocks, which were handed over to Verkhnechonskneftegaz
Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.
Imperial Oil Ltd's plans to drill for oil in the Beaufort Sea in Canada's Arctic have not changed despite the recent slide in oil prices, spokesman Pius Rolheiser said on Wednesday.
On Tuesday, U.S. President Barack Obama designated Alaska’s Bristol Bay area off limits for oil and gas leasing, the White House said.
National Ocean Industries
SPS Overlay has yet again been used for side impact protection on three FPSOs for a major player in the offshore industry. The work was carried out at Enseada do Paraguaçu S.
Ivory Coast's state oil company Petroci and Vioco Petroleum will invest $255 million to bring into production the Gazelle oil and natural gas field on the West African nation's CI-202 offshore block,
Senior management at Brazil's state-run oil company Petroleo Brasileiro SA may have to resign to avoid further delays of the company's audited third-quarter earnings report,
SBM Offshore, the Dutch oil platform leasing company, has maintained its sales guidance for 2014 but said it would take $146 million in one-off charges.
In a trading update on Wednesday,
The big change in many commodity markets this past year was that demand is no longer king, with supply becoming the key driver, a dynamic that's likely to persist in 2015.
Ivory Coast has signed production sharing agreements with oil giant Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, the West African nation's oil minister said.
OPEC, Russia unwilling to cut supply, spurring weakness. Crude stockpiles in U.S. rise in latest week.
Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/2-year lows,