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Schlumberger posts revenue bump, but lower profit

Oilfield services provider Schlumberger recorded a 38% drop in its fourth quarter 2019 profit and an increase in ...

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Petrobras launches sale of two Brazilian offshore assets

Brazilian oil giant Petrobras has started the opportunity disclosure stage for the sale of its entire stake in two ...

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Israel starts piping gas from Leviathan field to Egypt

Noble Energy has started exporting natural gas from its operated Leviathan field located offshore Israel to Egypt. 

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Incident on Terra Nova FPSO results in safety order

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued an order to Suncor Energy ...

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BW Energy IPO slated for first quarter of 2020

Norwegian FPSO operator BW Offshore is targeting 1Q 2020 for the IPO and listing of its 68.6% owned exploration and ...

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Rystad: O&G industry entering new offshore investment cycle

A strong 2019 provided telltale signs that the industry was entering a new offshore investment cycle, stated Espen ...

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More time to Tullow for drill or drop decision in Jamaica

Tullow Oil has amended the production sharing agreement on the Walton Morant license, located offshore Jamaica, to ...

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FPSO Polvo gets another extension in Brazil

BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo.

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U.S. weekly offshore rig count down third time in a row

The number of offshore rigs in the U.S. dropped for the third time in a row, according to weekly rig count reports ...

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Popular news, January 6 – 12, 2020

Offshore Energy Today's most popular news of the past week.

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'Energy transition not impacting exploration drilling'

The energy transition and extinction rebellion led the energy news agenda and discussions in company boardrooms in ...

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Noble takes Maersk drillship for Colombian well

Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant which will be employed ...

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Stena drillship arrives in Peru ahead of Karoon well

Karoon Energy has said that the Stena Forth drillship has arrived in the Port of Callao Lima Peru ahead of drilling ...

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Rystad: Oil & gas discoveries reach four-year high in 2019

The world’s oil and gas explorers have discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest ...

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Deep Down hired for two emergency umbilical repairs

Houston-based oilfield services company Deep Down has received orders from two independent oil and gas operators ...

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Call for nominations issued for areas offshore Newfoundland

Canadian offshore regulator has issued a call for the nominations of areas of interest located in the Eastern ...

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One dead, five injured in incident on Brazil-bound vessel

One worker has died and five others have been injured in an incident on board the Boskalis-owned vessel, which was ...

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Worldwide offshore rig count in December up 22 rigs Y-o-Y

The worldwide offshore rig count in December 2019 increased by 11 units sequentially and 22 units year-over-year, ...

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Transocean wins $352.9M in new backlog

Transocean has secured a $352.9 million of contract backlog from new contracts and extensions. The company sees ...

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Rystad: UK emerges as cost-cutting powerhouse

Operational production costs in the oil and gas industry have fallen across the globe, with the United Kingdom ...

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Premier hires Valaris drillship for Brazil well

Oil and gas company Premier Oil has hired a Valaris-owned drillship for operations on Block 717 located offshore Brazil. 

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Three injured in fire on Pemex platform

Three people were injured in a fire on the Pemex-operated offshore platform, located in the Southern Gulf of ...

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Independent evaluation of Zama exceeds Talos range

Results from an independent, third-party contingent resource evaluation of the Talos Energy-operated Zama discovery ...

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Apache cheers 'significant oil discovery' off Suriname

Apache has announced it has made a significant oil discovery at the Maka Central-1 well drilled offshore Suriname ...

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New player joins Premier's Sea Lion project

Rockhopper Exploration and Premier Oil have signed a detailed heads of terms with Navitas Petroleum to farm in for ...

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BPC creates fund for Bahamian investors

Bahamas Petroleum Company (BPC) has incorporated a Bahamas-based mutual investment fund with the aim of owning BPC ...

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U.S. weekly offshore rig count down to 22 units

The number of offshore rigs in the U.S. dropped to 22 units last week, according to weekly rig count reports on ...

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