Trend Results : Offshore Oil


Blog Post Results (1-20 of 2017)

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Billionaire Roekke Forces New Merger in Norway Oil Industry with Solstad and Rem Offshore

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

Fossil Fuel Industry Finds a New Way to Stymie Protests

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.

Philippines' Offshore Oil Still in Doubt

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,

Keppel Profit Falls as Oversupply of Oil Rigs Delays Deliveries

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

Dark Cloud of Offshore Storage Looms

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 Launching Rhino Craft in Dubai, Abu Dhabi

Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, will be launching and

BP Raises Deepwater Horizon Spill Liability to $61.6 Billion

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

In World Of $50 Oil, Shale Beats Deepwater

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

Cheapest Offshore Wind Farm In The World, Thanks To Shell

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.

Standardization Results from DNV GL, S. Korean Yards

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).

DNV GL, South Korean Yards Kicks off Standardization

 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

BP Awards Bibby Combined Diving Campaign

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,

Offshore Oil Oscillations In West Africa

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

Gas Plant Fire Halts US Gulf Coast Platforms

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

Fire at Mississippi gas plant halts two U.S. Gulf Coast platforms

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 Loses Qatar

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

Oil Tumbles Amid Bad News For Glut As US Offshore To Hit Record In 2017

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

World’s First Offshore Fish Farm Rig to be Moored Off Norway

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

Russian Oil Giant Rosneft Plans to Build LNG Plant in Venezuela - CEO

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.

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