By Mikael Holter (Bloomberg) — Solstad Offshore ASA, a supply vessel company controlled by Kjell Inge Roekke, will merge with rival Rem Offshore ASA in the latest deal orchestrated by the Norwegian billionaire to take advantage of the collapse in crude prices. Show More Summary
When lease sales for offshore oil and gas drilling are held online, environmental protesters won't have a place to protest. The post Fossil Fuel Industry Finds a New Way to Stymie Protests appeared first on WIRED.
Production of oil still in troubled waters after South China Sea ruling By Enrico Dela Cruz The Philippines, eager to resume development of vital oil and gas reserves off its coast,
By Kyunghee Park (Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, posted a 48 percent drop in second-quarter profit as oversupply led to delivery delays for offshore projects, and said it doesn’t expect demand for rigs to return soon. Show More Summary
Glencore books the STI Grace tanker to store fuel at sea-traders. This has not been the summer many oil traders had expected after last year's bumper profits.
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, will be launching and
By David Wethe and Rakteem Katakey (Bloomberg) — BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in U.S. history, by $5.2 billion to $61.6 billion before tax. Show More Summary
U.S. shale is the lowest cost option for new oil production and is likely to be more competitive than conventional offshore drilling, according to a new report from Wood Mackenzie. The U.S. shale industry has weathered the oil price downturn, tweaking drilling practices and cutting costs in order to stay in business. Show More Summary
The winning bid for a gigantic new offshore wind farm in the Netherlands came in at 2.3 billion euros less than expected. And the oil company Royal Dutch Shell can take at least partial credit.
The first phase of a joint industry project (JIP) to promote a global standard for engineering and construction of offshore oil and gas installations has delivered four recommended practices (RPs).
The first phase of a joint industry project (JIP) to promote a global standard for engineering and construction of offshore oil and gas installations has
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully secured an important contract with BP. The 15 day project, due to commence in August 2016,
Global excess oil supply still looks likely to average 0.5m bpd in 2016 – sufficient, it would seem, to stop oil prices rising much above $50/bbl and therefore
At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a
CALGARY, Alberta/HOUSTON (Reuters) - At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a crucial pipeline that brings output onshore, several companies said.
Maersk Oil says it will be leaving Qatar after losing the contract to operate the country’s largest producing offshore oil field. The news comes as state-owned Qatar Petroleum announced Tuesday that it selected French oil major Total as its parter for the future development of the giant Al-Shaheen oil field. Show More Summary
WTI Crude has tumbled back to a $46 handle this morning (from over $50 on Friday) with Brexit volatility weighing on every asset class and Nigeria and Canada restart production (following rebel attacks and wildfires respectively) but...Show More Summary
You don't need offshore drilling to have an offshore oil spill.
One of the world’s largest salmon producers is looking to the offshore oil and gas industry for inspiration with the development of a semi-submersible fish farm rig designed to move operations further offshore where environmental conditions are best suited for the growth of fish stocks. Show More Summary
Russia's energy company Rosneft will extract gas offshore in Venezuela and build a liquefied natural gas (LNG) plant in the country, company's CEO Igor Sechin said Tuesday.