Offshore

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

Oil Market Reveals 'Wild Side' - Again

Following OPEC's decision on Thursday to leave production unchanged, Brent crude futures experienced the first three-standard deviation down-move since the flash

OPEC Inaction Sends Brent to Four-Year Low

Brent Crude off 4 year low, but set for 15 pct Nov drop. Brent crude fell to a fresh four-year low on Friday, sending oil-related shares and currencies lower,

Billions Lost from Energy Shares, Investors Exit

$33 billion wiped off sector's market value on Friday; Fund managers call it a "capitulation." A fresh slide in the price of crude wiped tens of billions of

Wärtsilä Integrated Solutions for Maersk's AHTS Vessels

  A new series of six Anchor Handling Tug Supply vessels to be built at the Kleven Verft AS in Norway for the Danish based Maersk Supply Service A/S - part of the A.

Seadrill Says to Resume Dividend When Rig Market Turns Around

Offshore oil driller Seadrill plans to resume dividend payments when the market begins to improve, Chief Financial Officer Rune Magnus Lundetrae said.   Known

Fourth Rig Delivered to Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.

Oceanworks Provides Parts for MWCC SADI System

OceanWorks to provide storage, maintenance and inspection of key components of recently delivered subsea autonomous dispersant injection (SADI) system.   OceanWorks

Crude Futures Plunge after OPEC Stakeholders Meet

U.S. and Brent crude futures declined sharply after Iranian Oil Minister Bijan Zangeneh said on Wednesday he had an "excellent" meeting with Saudi Oil Minister

GAC Pindar Official Logistics Provider for OPGP

GAC Pindar has been appointed the official logistics provider for the new Offshore Powerboat Grand Prix (OPGP) Series. Under the three-year deal, the global provider

Seadrill Shares Dive After Dividend Suspended

No longer world's biggest by market cap. Stock loses premium to peers. Seadrill suspended dividend payments on Wednesday to help it weather a slump in offshore drilling rig market rates,

Oil Dips Below $79 as Market Doubts OPEC

Oil market "will stabilize itself" - Saudi oil minister. Brent crude oil steadied below $79 a barrel on Wednesday after Saudi Arabia signalled it was unlikely

EPA Pressured to Tighten Ozone Standards

The U.S. Environmental Protection Agency is proposing more stringent air quality standards for ground-level ozone, the main culprit in smog, the agency's chief said on Wednesday.

Woodside to Pick up Moroccan Acreage

  Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

Norway's Gas Output Down on Wednesday Due to Aasgard Outage

Norway's gas output will be down by 11.5 million cubic meters on Wednesday due to an unexpected outage at Statoil's Aasgard field, gas system operator Gassco said in a market message on Tuesday.

Video: Untapped Potential in the Gulf of Mexico

The National Ocean Industries Association (NOIA) has released a new web video illustrating the potential energy and economic benefits to the United States if the

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Damen, Palfinger Upgrade North Sea Jack-Up Rig

With the support of Palfinger systems JUMP technology, Damen Shiprepair Vlissingen has completed an upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge

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