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More Offshore Wind Energy (€620 Million More) From French Nuke Company

The leading French nuclear energy company Areva is transitioning rapidly into offshore wind energy and other renewables, despite the global oil price crash More Offshore Wind Energy (€620 Million More) From French Nuke Company was originally...Show More Summary

Oil Drillers Under Pressure to Scrap Rigs

Offshore oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs at an unprecedented pace. The post Oil Drillers Under Pressure to Scrap Rigs appeared first on gCaptain Maritime & Offshore News.

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Offshore Drilling: Is Now the Time to Buy Offshore Drillers?

The recent oil price crash has left offshore drillers like Transocean trading at levels not seen since the financial panic. Learn why now is a great buying opportunity.

Offshore Drilling: ExxonMobil-Led Group Bets Record Breaking $559 Million to Find Oil in Canada

Exxon Mobil Corporation, Suncor Energy Inc and ConocoPhillips team up to bid $559 million to lease offshore drilling acreage in Canada’s Flemish Pass.

US Jury Rules in Favor of Apache Corp.

Apache Corp was not in breach of contract in a lawsuit brought by Houston-based oil and gas producer W&T Offshore Inc in 2011, a federal jury found on Monday, according to a court filing.

Eni Performs Production Test in Offshore Congo

Italian oil and gas group Eni estimated the potential of the Minsala Marine discovery offshore Congo Brazzaville at about 1 billion barrels of oil equivalent, after

Crude Seen Falling to $50 in 2015

Crude oil prices are poised to fall below half where they were six months ago, before producers begin dealing with a global glut. The post Crude Seen Falling to $50 in 2015 appeared first on gCaptain Maritime & Offshore News.

Aker Solutions Wins North Sea Contracts

Norwegian oil services firm Aker Solutions won two offshore contracts, including a 120 million pound ($188.82 million) deal to provide engineering, construction

Swiber Wins Big Offshore West Africa

Swiber, the Singapore-based offshore oil and gas contractor, is making a huge leap today into the West African market after winning a US$710 million contract today from an undisclosed Houston-based [...] The post Swiber Wins Big Offshore West Africa appeared first on gCaptain Maritime & Offshore News.

Safeguarding GPS When Global Positioning Doesn’t Work

Suppose the Global Positioning System (GPS) receivers used for your vessel, offshore oil platform, or port facility could not generate position data needed for your operations.

SBM Offshore Cutting 1,200 Jobs Worldwide

Dutch oil platform leasing company SBM Offshore is cutting 1,200 jobs, or slightly more than 11 percent of its global workforce, as part of a cost-saving programme.

Sunset Overdrive is getting a story-based expansion this month that adds an offshore oil rig and two

Sunset Overdrive is getting a story-based expansion this month that adds an offshore oil rig and two new water-based traversal abilities to the game. It's called "The Mystery of Mooil Rig," and it comes out December 23rd. Now might be a good time to take Stephen and Kirk's advice and give the game another shot! Read more...

N’Goma FPSO Achieves First Oil Offshore Angola

Eni announced this week their N’Goma FPSO has commenced oil production from the West Hub Development Project located in deepwater Block 15/16 offshore Angola approximately 350 kilometres northwest of Luanda and [...] The post N’Goma FPSO Achieves First Oil Offshore Angola appeared first on gCaptain Maritime & Offshore News.

Construction of Mermaid Ausana Begins

Mainboard-listed Mermaid Maritime Public Company Limited a leading provider of subsea and drilling services for the offshore oil and gas industry announced that

Fredriksen Boosts Seadrill Stake After Shares Slump

Billionaire John Fredriksen bought shares in Seadrill Ltd. for $33.5 million, boosting his stake in the offshore driller to 23.9 percent as the stock fell close to the lowest in more than five years amid a slump in oil prices. The post Fredriksen Boosts Seadrill Stake After Shares Slump appeared first on gCaptain Maritime & Offshore News.

FPSO Cidade de Mangaratiba Begins 20-Year Charter in Santos Basin

MODEC announced today the FPSO Cidade de Mangaratiba MV24 achieved first oil in October at block BM-S-11 in Santos Basin offshore Brazil.  The vessel is on a 20-year charter to Tupi B.V., [...] The post FPSO Cidade de Mangaratiba Begins 20-Year Charter in Santos Basin appeared first on gCaptain Maritime & Offshore News.

Oil’s Offshore Oddball

As the price of oil drops, America's shale frackers are running scared. But upstart Venari Resources is sitting pretty thanks to deepwater finds in the Gulf of Mexico that should still turn a profit at $60 a barrel.

Statoil Selected to Operate Giant Johan Sverdrup Offshore Oil Field

Statoil has been selected to operate all phases of the giant Johan Sverdrup oil field offshore Norway, Statoil announced Friday. The post Statoil Selected to Operate Giant Johan Sverdrup Offshore Oil Field appeared first on gCaptain Maritime & Offshore News.

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