OPEC could extend or deepen supply cut if oil glut persists

By Rania El Gamal RIYADH (Reuters) – OPEC could extend its oil supply-reduction pact with non-members or even ...

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Wood Group scores service deal with BP

Oil and gas services company Wood Group has been awarded a global agreement with the UK oil major BP for the ...

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Iran berates Total for delaying gas field development deal

DUBAI (Reuters) – Iran’s oil minister has criticised French oil company Total <TOTF.PA> for its ...

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Rowan retires jack-up pair, lands extensions

Offshore drilling contractor Rowan Companies has cold stacked one rig, sold two, and received several extensions ...

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Sky-Futures' drones to inspect Eni's facilities

Sky-Futures, a provider of drone inspection services for the oil and gas industry, has been awarded a global ...

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Noble Energy narrows quarterly loss

Noble Energy narrowed its net loss and increased revenues during the fourth quarter of 2016. The company also said ...

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Oil rises as OPEC-led output cuts trim oversupply

By Christopher Johnson LONDON (Reuters) – Oil strengthened slightly on Tuesday, supported by an OPEC-led ...

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DW: Troublesome outlook for heavy lift vessels

Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price ...

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Vallianz posts 4Q profit of $3 million

Vallianz post 4Q profit of $3 million

Singapore’s Vallianz has reported a net profit of $3.1 million for the three months ended December 31, 2016, ...

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Popular news, Feb 6 – 12, 2017

The most popular articles of the week.

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Impact of Saudi Aramco, Rowan JV on Middle East rig market?

The joint venture between Saudi Aramco and Rowan is very significant, and will undoubtedly have implications in all ...

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IEA: OPEC delivering on its promise to cut output

The estimated OPEC production in January was at 32.1 mb/d and the cuts achieved a record initial compliance rate of ...

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When is a FID not a FID?

Large upstream projects are more often delivered by a group of partners rather than a single 100% owner.

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Global Maritime surveys giant semi-sub heavy lifter

Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and ...

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Baker Hughes, Saudi Aramco launch new ESP system

Oil giant Saudi Aramco and oilfield services provider Baker Hughes have introduced what the companies say is the ...

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Moelis wins advisory role for Saudi Aramco IPO

Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on what is ...

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International offshore rig count sinks in January

The international offshore rig count for the first month of the year was down both sequentially and year over year, ...

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Interview: Global offshore rig fleet worth $56.6 billion

Interview VesselsValue now provides valuations for offshore rigs

VesselsValue, a website providing intel on offshore and shipping world including the valuations of the various ...

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Popular news, Jan 30 – Feb 5, 2017

The most popular articles of the week

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EY: Upstream deal value fell in 2016

Global oil and gas deal activity in 2016 recovered from a slow start to the year with help from the announcements ...

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Israel: TechnipFMC gets to work on Energean's FPSO

Greek oil company Energean Oil & Gas has appointed TechnipFMC as the contractor for Concept and Front End ...

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Oil prices stabilise as Russia joins OPEC in production cut

By Henning Gloystein SINGAPORE (Reuters) – Oil steadied on Wednesday as Russia joined OPEC in cutting ...

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Genesis to provide engineering support to BP

TechnipFMC’s subsidiary and a provider of engineering services for the oil & gas industry, Genesis, has been ...

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Popular news, January 23 – 29, 2017

Read last week’s most popular news from the offshore energy sector.

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Bassoe: The art of rig stacking and reactivation

With over 70 ultra deepwater floating rigs stacked and waiting for contracts and over 20 newbuilds sitting ...

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Oil prices dip as rising U.S. output offsets OPEC-led cuts

By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Friday as rising crude output from the United ...

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Lebanon offers five blocks in first O&G licensing round

Lebanese government has re-launched its first offshore oil and gas licensing round after a three-year delay.  ...

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