Only three years ago, China National Offshore Oil Corporation (CNOOC), China’s third-largest national oil company (NOC), launched the largest-ever Chinese overseas takeover bid, offering $15.1 billion to buy Nexen Inc., Canada’s ninth-largest oil company. Show More Summary
By Christopher Jasper (Bloomberg) — Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline continues to weigh on demand for the specialist offshore vessels that the business helps power. The cutbacks will save 40 million pounds ($61 million) a year, with incremental benefits from 2016 […] .
RigNet, Inc., a global provider of remote managed offshore communications solutions, telecoms systems integration services and collaborative applications to the oil and gas industry,
After billions of dollars invested over several years, Royal Dutch Shell said September 28 it would end oil exploration offshore Alaska after “disappointing” results. But industry efforts to drill for oil and natural gas in the Arctic are unlikely to end with Shell’s decision to abandon the Chukchi...
Gulf Marine Services the provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors,
Venezuela: The heated diplomatic crisis between Guyana and Venezuela stemming from offshore oil finds thawed after leaders of both states agreed to restore their respective ambassadors. Colombia: “I was very happy and felt like I was...Show More Summary
In a surprising announcement, multinational oil and gas company Shell has announced it has ceased exploration drilling in offshore Alaska. In an announcement made Monday, Royal Dutch Shell (Shell) provided an update on its Alaska exploration activities, specifically the Burger J exploration well, located in Alaska’s Chukchi Sea. Show More Summary
Shell has abandoned its Arctic drilling operations, yesterday announcing it will cease further exploration activity in offshore Alaska for the foreseeable future. The decision comes as the oil giant has been under increasing pressure from environmentalists and businesses to halt its drilling operations in the Arctic Ocean. After exploring the Burger J well site located […]
SOFIA (Reuters) - Bulgaria has picked Royal Dutch Shell to carry out deepwater oil and gas exploration off its Black Sea coastline and plans to sign the contract by the end of October, energy minister Temenuzhka Petkova said on Tuesday. Show More Summary
As the Washington Examiner noted: A little more than a month after getting permission from President Obama, Shell announced Monday it will cease drilling in the Arctic after disappointing results. In a statement released Monday morning, the company announced drilling to 6,800 feet in the Burger J well, about 150 miles from Barrow, Alaska, didn’t […]
A look at the tough economics of oil extraction behind the decision by Shell to end its Arctic offshore quest for the "foreseeable future."
Nothing brightens a Monday morning like this kind of news: "Shell pulls the plug on Arctic exploration." With a single headline, the fight to protect the Arctic from a major offshore oil spill has reached the best kind of ending. With hindsight, though, maybe the news isn't really that surprising. Show More Summary
Hello, Slatest readers! Here's what's news on the Internet and in the real world on Monday. Shell announced that it would cease offshore drilling in the Arctic in what Slate's Eric Holthaus described as a "stunning reversal" and a huge win for environmentalists. President Obama, speaking at the United Nations, said the U.S. Show More Summary
Now that Shell's canceling its Arctic plans, there will "probably be some work to unwind the project" at the Port of Seattle's Terminal 5. Kelly O After a $7 billion hunt for offshore oil in the Alaskan Arctic, Shell announced last night...Show More Summary
In a pretty stunning reversal, Royal Dutch Shell announced on Monday that it would abandon its offshore oil drilling activities in the Alaskan Arctic “for the foreseeable future.” Shell’s Arctic exploration had become a favorite target...Show More Summary
Norwegian offshore vessel owner Havila Shipping ASA says it has decided to lay up two anchor handling tugs (AHTS) amid weakened demand for offshore vessels driven by low oil prices. The vessels impacted are the Havila Mars and Havila Neptune. Havila Shipping says the lay ups will lead to layoffs for the crew of […] Havila Shipping Lays-Up Anchor Handling Tugs
Royal Dutch Shell will stop drilling for oil and gas in Arctic waters off Alaska's coast following disappointing results from an exploratory well backed by billions in investment and years of work.The announcement represents a big change of heart from Shell, which was counting on offshore drilling...
Royal Dutch Shell is ending its controversial offshore exploration in Alaska after failing to find sufficient amounts of oil and gas, the energy giant said Monday. It comes as the world’s biggest energy companies slash investment while grappling with tumbling oil prices. Shell said in a...
Oil giant Royal Dutch Shell on Monday announced that it would cease its oil and gas exploration in offshore Alaska because of poor results and the project's high costs.
ANCHORAGE, Alaska (AP) — Royal Dutch Shell PLC says it's ceasing exploration in offshore Alaska for the foreseeable future. The company says an exploratory well drilled to 6,800 feet found oil and gas but not in sufficient quantities. Show More Summary