UMW to buy Icon Offshore

Malaysian offshore drilling services company UMW Oil & Gas (UMW-OG) has entered into a deal to buy the ...

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Oil rises from one-week low

By Libby George and Christopher Johnson LONDON (Reuters) – Oil bounced back from a one-week low on Thursday ...

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CNOOC eyes three more fields on stream in 2017

China’s offshore oil company CNOOC is targeting three more offshore oil and gas projects coming on stream in ...

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Rystad: 2016 offshore discoveries 90% lower than in 2010

The 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in ...

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Prosafe to sell 'Safe Lancia' for scrap

Prosafe, an owner and operator of semi-sub accommodation rigs, has decided to sell one of its units for scrap after ...

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MISC begins FSO conversion for Chevron

Maritime solutions and services provider MISC Berhad has begun the FSO Benchamas 2 conversion work for Chevron at ...

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CNOOC produces first oil from Enping 23-1

Chinese oil producer CNOOC has started production from the Enping 23-1 oilfields, in the South China Sea.  The ...

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Popular news, January 9 - 15, 2017

Read the most popular news from last week.

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Woodmac: Deepwater will spring back to life in 2017

Energy intelligence group Wood Mackenzie sees the deepwater upstream oil and gas sector springing back to life in ...

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Oil prices dip on doubts over planned crude output cuts

By Henning Gloystein SINGAPORE (Reuters) – Oil dipped on lingering doubts that crude production cuts would go ...

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CNOOC kicks off at Penglai 19-9

Oil company CNOOC has started production at the Penglai 19-9 comprehensive adjustment project, offshore China.  The ...

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Oil prices rise as details of Saudi supply cuts emerge

By Henning Gloystein SINGAPORE (Reuters) – Oil rose on Wednesday, lifted by reports of Saudi supply cuts to ...

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SapuraKencana, Proserv in subsea technology pact

Malaysia’s SapuraKencana Petroleum and UK’s Proserv are teaming to provide enhanced technology services ...

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December knocks down more rigs in international rig count

The international offshore rig count for December 2016 was down both sequentially and year over year.  According to ...

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SapuraKencana bags $300M in new deals

Malaysian oilfield services company SapuraKencana Petroleum has been awarded contracts with a combined value of ...

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NADL in another 'West Rigel' delay

Drilling contractor North Atlantic Drilling Ltd. (NADL) has once again postponed the delivery of a newbuild ...

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Popular news, January 2 - 8, 2017

Popular news, January 2 – 8, 2017.

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Platts: Oil stock overhang could disappear by 3Q 2017

With 2016 behind us, energy intelligence groups have begun dishing out their takes on the energy sector for 2017. ...

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Oil prices post gains on OPEC hopes, but doubts linger

Oil prices edged higher on Friday as output cuts by OPEC members met with lingering concern that other producers ...

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Cosco delays jack-up delivery

Chinese offshore rig builder Cosco has agreed with an Asian client to delay the delivery of a newbuild rig by a ...

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Maersk Drilling takes delivery of 'Maersk Invincible'

Danish offshore driller Maersk Drilling has taken delivery of its fourth XLE jack-up rig, the Maersk Invincible, ...

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Vallianz closes yard in Singapore

Singapore-based offshore services provider Vallianz has closed its shipyard in Singapore as part of its strategic ...

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IKM pens Johan Sverdrup service contract

IKM Testing Thailand has been awarded a service contract by Aibel for the drilling platform which will be used on ...

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'Norce Endeavour' in Gulf of Thailand campaign

Norway’s Solstad Offshore has been awarded a contract with CUEL Limited, Thailand for the derrick lay barge ...

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UMW lands jack-up work with Petronas

Malaysia’s UMW Oil & Gas has received a conditional letter of award from the Malaysian energy giant ...

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Oil hits 18-month highs as markets eye output cuts

Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC ...

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ONGC splashes $1B on Deen Dayal West field acquisition

India’s ONGC will buy Gujarat State Petroleum Corporation’s stake and operatorship in NELP-1II Block KG-OSN-2001/3 ...

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