Russian President Vladimir Putin pledged to help revive Cuba’s struggling offshore oil exploration on Friday at the start of a six-day tour of Latin America as Russia aims to reassert its influence on the communist-ruled island. Putin...Show More Summary
Russian President Vladimir Putin said on Friday he was hopeful Russian oil company Rosneft and Cuban state oil company Cupet could begin jointly exploring Cuba's potential offshore oil reserves "in the very near future." The post Rosneft to Conduct Oil Exploration Campaign Offshore Cuba appeared first on gCaptain Maritime & Offshore News.
Transocean Arctic, a harsh environment semi-submersible on contract to VNG Norge AS via Rig Management Norway has discovered more oil while drilling on the Norwegian continental shelf about 33 kilometers south-west [...] The post Hat Trick for Transocean Arctic Offshore Norway, More Drilling Planned appeared first on gCaptain Maritime & Offshore News.
By Street Smart Investor: Initiation Summary I am initiating coverage on Chariot Oil & Gas (OTC: OTCPK:OIGLF), an oil and gas exploration company with giant potential exploration assets offshore Namibia, Mauritania, Morocco and Brazil. Show More Summary
With U.S. domestic production at a 28-year high, the Louisiana Offshore Oil Port's managers are thinking the previously unthinkable: sending North American oil out. The post Shale Seen Shifting Flows at America’s Biggest Oil Port appeared first on gCaptain Maritime & Offshore News.
Statoil shut its oil platform at the Oseberg East field offshore Norway after a collision with a supply vessel but production was expected to restart later the same day, a spokesman said.
For more than 30 years, the Louisiana Offshore Oil Port LLC has been a symbol of U.S. dependence on foreign oil, pumping Nigerian and Saudi Arabian crude from the world’s biggest supertankers into underground storage caverns beneathShow More Summary
Future oil and natural gas production as well as exploration is expected to take place in some of the most remote and inaccessible places in the world. Reservoirs with the highest commercial potential are seen to be located offshore in deep waters or in the Arctic. read more
Investment firm KKR announced today it has acquired a majority stake in Aberdeen-based OEG Offshore Group, a company that supports the offshore oil and gas by manufacturing and leasing Cargo Carrying Units [...] The post KKR Partners With OEG Offshore Group appeared first on gCaptain Maritime & Offshore News.
OEG Offshore, based in Aberdeen, provides cargo containers that are used to supply offshore oil rigs. The terms of the transaction were not disclosed.
Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas and energy sectors, announced the completion of a
The first 740,000 barrel cargo of heavy crude oil from the Papa-Terra FPSO, Chevron’s largest investment offshore Brazil, was successfully offloaded last week via the shuttle tanker Brasil Voyager - a [...] The post Brasil Voyager Sails to Pascagoula With First Cargo from Papa-Terra appeared first on gCaptain Maritime & Offshore News.
Profit at Petrobras, Brazil's state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore NV,
By Arie Goren: Offshore drilling companies have significantly underperformed the market year to date and last year, mainly due to over capacity. However, around 30 percent of the 85 million barrels per day of oil consumed around the world now comes from offshore oil wells, according to the International Energy Agency. Show More Summary
Profit at Petrobras, Brazil's state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore NV The post Petrobras Says End of SBM Contracts Could Cut Profit by $15 Billion appeared first on gCaptain Maritime & Offshore News.
KENC Oil & Gas, specialists in the design, fabrication and supply of custom engineered equipment, will move to new, larger premises to meet growing demand from the on and offshore industries.
A North Atlantic right whale swims off the Georgia coast, an endangered species that would be affected by seismic airgun testing. (Photo: FWC Fish and Wildlife Research Institute / Flickr Creative Commons) Kill Devil Hills, a small coastal town located in North Carolina’s Outer Banks, has joined the mounting opposition towards seismic airgun blasting along the Atlantic Coast.
Singapore-based offshore marine service provider Vallianz Holdings Ltd announced today a collaboration agreement with China Offshore Oil Engineering Co (COOEC), the largest offshore engineering and construction company in China. Under the [...]Show More Summary
Two executives from offshore drilling contractor Noble Corp have agreed to settle civil claims they participated in a bribery scheme to obtain permits for oil rigs in Nigeria,
The German Engineering Federation (VDMA) reported a good order situation for German marine and offshore oil and gas equipment suppliers, but the upsurge in incoming