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UK-Based Oil Company Seadrill Suffers From Anti-Russia Sanctions

Seadrill, an offshore drilling company headquartered in London, is being sued by shareholders due to losses related to an unfinished deal with Russia’s state-owned Rosneft, which is the target of Western sanctions, the Russian newspaper Kommersant reported Friday.

Ecopetrol, JX Nippon Team Up to Explore Brazil Offshore

Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block,

Obama Undermines His Climate Strategy With More Offshore Drilling

So, say you're the leader of the free world and you're trying to figure out how to get your arms around this climate crisis. There are plenty of good options -- but opening up the Arctic and Atlantic oceans to more offshore oil drilling isn't one of them. Show More Summary

CNOOC Profits Nosedives, Eyes South China Sea

 Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year.   Net income dropped to 14.

NNPC Ends Offshore Processing Agreements

Nigeria's state oil company has cancelled its contract for the delivery of crude to the country's refineries in Warri, Port Harcourt and Kaduna, it said on Wednesday.

CNOOC Profit Falls as Oil Collapse Outweighs Cuts

  By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas explorer, said first-half profit slumped as higher output and lower costs were overwhelmed by a collapse in crude prices. Net income dropped to 14.73 billion...Show More Summary

Tidewater to Present at the Pareto Securities Oil & Offshore Conference

  Tidewater Inc. informed today that Jeffrey M. Platt, President and CEO, and Joseph M. Bennett, Executive Vice President and Chief Investor Relations Officer,

Court orders Russia to pay compensation for Greenpeace ship seizure

AMSTERDAM (Reuters) - A court in the Netherlands has ordered Russia to pay compensation for seizing the Greenpeace ship Arctic Sunrise during a protest against an offshore oil platform two years ago, a ruling which Moscow dismissed as lacking legal authority.

Sonangol to Buy Cobalt's Stake in 2 Offshore Blocks

Angolan state oil company Sonangol said it would buy oil and gas producer Cobalt International Energy Inc's 40 percent stake in two oil blocks offshore Angola for $1.

Norway Starts Development of Largest Offshore Oil Field

The Ministry of Petroleum and Energy in Norway on Thursday has given green light to the development and operation plan of the oil group Statoil for Johan Sverdrup field.

Statoil Gets Final Go-Ahead for Giant Johan Sverdrup Field Offshore Norway

  OSLO, Aug 21 (Reuters) – Operator Statoil and its partners have been given the formal approval to develop the first phase of their giant Johan Sverdrup oil field off the coast of Norway, the country’s energy ministry said on Friday. Show More Summary

Why ‘Teddy Roosevelt’ Was Protesting An Offshore Lease Sale In New Orleans This Week

A group of conservationists called on the White House to postpone oil and gas lease sales in the Gulf of Mexico until Congress takes action to save what environmental groups call America’s best parks program. The post Why ‘Teddy Roosevelt’ Was Protesting An Offshore Lease Sale In New Orleans This Week appeared first on ThinkProgress.

Gulf of Mexico Lease Sale Reflects Today’s Depressed Offshore Market

  The Department of the Interior’s latest oil and gas lease sale covering nearly 22 million acres in the western Gulf of Mexico drew little interest from offshore companies on Wednesday, reflecting weakened market conditions driven by the plunge in oil prices. Show More Summary

Oil Goes Down, Bankruptcies Go Up – These 5 Frackers Could Be Next To Fall

Last week Samson Resources and Hercules Offshore showed you need a lot more than a heroic name to avoid bankruptcy.

Shell Arctic Drilling Receives U.S. Approval

  The U.S. Bureau of Safety and Environmental Enforcement has granted Shell its final approval to drill for oil and gas offshore Alaska in the arctic waters of the Chukchi Sea. According to the BSEE, Shell received approval for its Application...Show More Summary

Bulgaria to Look for Offshore Oil, Gas in Black Sea

Bulgaria will start prospecting for offshore oil and gas in the Black Sea early next year, Prime Minister Boiko Borisov announced on Sunday.

Six Killed After Offshore Helicopter Crashes in Nigeria

The Nigerian unit of offshore oil and gas helicopter transport compony Bristow Group has confirmed that six people have died after one of its aircraft crashed in Lagos, Nigeria this week. Bristow Helicopters (Nigeria) Limited confirmed...Show More Summary

Barakah Offshore Gets Contract from Petronas

Barakah Offshore Petroleum’s subsidiary, PBJV Group Sdn Bhd (PBJV), has received a Letter of Award from Malaysian oil company Petronas Carigali Sdn Bhd, for the supply,

Brazil Offshore Subsalt Holds 176 bln bbls of Oil, Gas -study

Brazil's Subsalt Polygon, an offshore area that has already yielded some of the world's largest recent oil finds, may hold enough undiscovered petroleum and gas

Brazil Prosecutors: Charges Pending over Ensco Drillship Lease

Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said.

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