U.S. offshore rig count stable

Following an increase by two units in the week before, the number of U.S. offshore rigs remained the same last ...

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PGS, TGS in Canada seismic shoot

Norway’s seismic data specialists Petroleum Geo-Services and TGS have started the fourth 3D seismic project ...

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Interview: Jones Act decision alarming, OMSA CEO says

Interview Jones Act decision is not only disappointing – it is alarming

U.S. Customs and Border Protection recently withdrew its proposed changes to the Jones Act that would have deemed ...

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Wood Group in decade-long agreement with Hess

U.S. oil giant Hess has signed a non-exclusive 10-year global agreement with Wood Group to provide engineering, ...

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Statoil sells shares in IPC

Statoil sells shares in International Petroleum Corporation

Statoil has sold its share in the International Petroleum Corporation for C$109 million. IPC is a recently formed ...

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OPEC extends oil output cut by nine months

By Rania El Gamal, Ernest Scheyder and Alex Lawler VIENNA (Reuters) – OPEC decided on Thursday to extend cuts ...

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Oceaneering lands 10-year ROV deal

Oceaneering’s subsidiary, Oceaneering Canada, has entered into an agreement to provide remotely operated ...

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OPEC meets to talk further oil output cut extension

OPEC and several non-OPEC members are meeting on Thursday in Vienna to discuss further strategy on oil production. ...

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Trump allocates $205 million for offshore safety body

U.S. president Donald Trump has proposed a $204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and ...

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KBR in Malaysian joint venture

U.S.-based KBR has signed a joint venture agreement with engineering solutions provider BIV Builders for a ...

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Exxon extends Maersk drillship contract. Dayrate slashed

Danish offshore driller Maersk Drilling has secured a contract extension for the ultra-deepwater drillship Maersk ...

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Trump earmarks $171M for offshore energy department

Trump earmarks $171M for offshore energy department

U.S. president Donald Trump has allocated a budget $171 million for the Bureau of Ocean Energy Management for the ...

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Seadrill promotes CCO to CEO role

Offshore drilling contractor Seadrill has appointed a new chief executive officer of the company, effective July 1, ...

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UK court puts Paragon in administration

A UK court has appointed joint administrators for the drilling contractor Paragon Offshore following the ...

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Observations on the recent MODU market

  By Charlie Hockless, Senior Offshore Analyst at VesselsValue Since 2014 we’ve seen a significant decline in ...

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OPEC set to prolong oil cuts

By Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC will likely agree to extend production cuts for ...

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Woodside expects 15% output growth in next three years

Australian energy giant Woodside Petroleum is directing its efforts in the next couple of years toward production ...

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Seismic duo grows multiclient library off Eastern Canada

Petroleum Geo-Services (PGS) and TGS are further increasing their seismic library offshore Eastern Canada through ...

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Wagenborg's supply vessel to work in Canadian Arctic

International offshore specialist Wagenborg Offshore, a subsidiary of Royal Wagenborg, has been awarded a long-term ...

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Ex-Louisiana state official becomes head of BSEE

Former Louisiana State Official Scott A. Angelle has been named the director of the U.S. Bureau of Safety and ...

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Saudi Aramco inks deals with U.S. companies

Oil giant Saudi Aramco has signed memorandums of understanding (MOUs) with oilfield service provider Schlumberger ...

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Tidewater gets 'relief' from court

U.S. offshore support vessel owner Tidewater has received a court approval of first day motions to continue normal ...

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Talos spuds exploration well off Mexico

Independent E&P company Talos Energy has started drilling the Zama-1 exploration well in Block 7 in the shallow ...

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Popular news, May 14 – 21, 2017

The most popular articles of the week

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U.S. weekly rig count: Offshore rigs up by two

After having risen to 21 active offshore rigs in the U.S. in the second week of May, the offshore rig count has ...

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FPSO Pioneiro De Libra reaches Brazil

Teekay, a marine energy transportation, storage and production company, has informed that the FPSO Pioneiro de ...

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U.S. to offer over 1 million acres in Cook Inlet lease sale

U.S. to offer over 1 million acres in Cook Inlet lease sale

The U.S. authorities will offer more than a million acres for exploration in Alaska’s Cook Inlet in a lease ...

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