Towards smarter and greener decommissioning

Project and financing models for decommissioning are moving up oil and gas operators’ agenda worldwide as ‘lower for longer’ oil prices raise questions about how long ageing assets can operate viably beyond their design lives.

Chevron ends Transocean rig contract early

U.S. oil major Chevron has decided to terminate a contract with Transocean for the Discoverer Clear Leader ...

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U.S. court gives full force to Ocean Rig's Cayman debt deal

A U.S. Bankruptcy Court has issued and order giving full force in the U.S. to Ocean Rig’s debt restructuring ...

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Ocean Rig in 1-for-9200 reverse share split

Offshore drilling company Ocean Rig on Wednesday announced a reverse stock split of 1-for-9200 common shares. This ...

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BP evacuates workers from 'Thunder Horse'

BP evacuates workers from Thunder Horse platform amid power outage

British oil giant BP has reportedly evacuated workers from its Thunder Horse platform in the U.S. Gulf of Mexico, ...

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Pemex on the lookout for Gulf of Mexico partner

Mexican state-owned oil company Petróleos Mexicanos (Pemex) is on the lookout for a partner to carry out ...

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GALLERY: Incat Crowther delivers two vessels to Seacor

Australian ship designer Incat Crowther has delivered two CrewZer class catamarans, the Seacor Puma and Seacor ...

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Bassoe: Offshore drilling rig empires to take over industry

Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be ...

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Brazil: 32 oil firms taking part in 14th bidding round

Brazil is organizing a bidding round in which it is set to offer 287 blocks to oil and gas companies for ...

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Petronas hires ultra-deepwater drillship at $170kpd

Cash-strapped Pacific Drilling has reportedly found work for its Pacific Santa Ana drillship which has been out of ...

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Bahamas Petroleum says progress made with farm-in talks

Bahamas Petroleum says progress made with farm-in talks

Bahamas Petroleum is making progress with the farm-out talks for its southern licenses offshore the Bahamas. The ...

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Popular news, September 11-17, 2017

The most popular articles of the week

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U.S. offshore rig count inches up

The U.S. offshore rig count has risen to 17 active drilling units this past week, according to a report by Baker ...

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Ex-Chevron exec joins NOV as director

U.S. oilfield equipment provider National Oilwell Varco (NOV) has appointed a new member of the company’s board of ...

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Qinterra creates new global well service company

Qinterra Group’s North Sea well intervention specialist Altus Intervention and its international technology arm, ...

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Gulf of Mexico duo in pact to drill oil & gas prospects

GulfSlope Energy and Texas South Energy have executed an exclusive letter of intent (LOI) with a ‘large ...

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Pacific Drilling shares suspended from trading on NYSE

Shares of the offshore rig owner Pacific Drilling have been suspended from trading on the New York Stock ...

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Bahamas Petroleum eyes funding partners

Oil and gas exploration company Bahamas Petroleum is looking to secure partners for its licenses offshore The ...

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Seadrill enters restructuring deal to reduce debt

Indebted offshore driller Seadrill Limited has entered into a restructuring agreement with the majority of its ...

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New CFO to join NAO in October

The newly appointed chief financial officer (CFO) of offshore shipping company Nordic American Offshore (NAO) will ...

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Hummer development behind schedule

First production from the Castex Energy-operated Hummer field development in the U.S. Gulf of Mexico has been ...

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Byron picks Ensco rig for GoM drilling

Byron Energy has signed a drilling contract with Ensco for the Ensco 68 jack-up rig to carry out the South Marsh ...

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Anadarko returns staff to Gulf of Mexico

U.S. oil and gas company Anadarko has sent its staff back to offshore facilities in the Gulf of Mexico as Hurricane ...

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UTEC chooses business heads for Americas, Europe and Africa

UTEC, a global survey company in subsea services group Acteon, has elected three business unit directors across its ...

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InterMoor gets Mad Dog 2 mooring gig

InterMoor, a provider of mooring services in subsea services group Acteon, has been awarded a service contract with ...

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BP presses on with pipeline assets IPO

BP’s subsidiary BP Midstream Partners has filed a registration statement with the U.S. Securities and ...

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Petrobras, Shell in E&P tie-up

Brazilian oil giant Petrobras has signed a memorandum of understanding (MoU) with Royal Dutch Shell to establish a ...

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Sembcorp Marine in further hull work on Petrobras FPSO

Offshore rig builder Sembcorp Marine has secured hull carry over works from Tupi B.V. for the FPSO P-68 Tupi ...

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