Reach thousands of offshore professionals!

World’s most visited offshore industry news platform

EMGS, TGS Invest in EM Survey Programme in Hoop Area, Norway

Electromagnetic Geoservices ASA (EMGS) and TGS have signed an agreement to jointly invest in a 3D electromagnetic ...

read more →

Japanese Invest in Estaleiro Atlantico Sul (Brazil)

JGC Corporation has announced that along with IHI Corporation and Japan Marine United Corporation (JMU), it has ...

read more →

DUC to Invest $800 Mln in New Danish North Sea Platform

DUC to Invest $800 Mln in New Danish North Sea Platform

A new unmanned platform in the Danish North Sea has been approved by partners of the Danish Underground Consortium ...

read more →

Mitsui, MOL and Marubeni Invest into Modec’s FPSO ...

Japan’s FPSO builder Modec has announced that Mitsui, MOL and Marubeni today entered into definitive ...

read more →

LLOG, Blackstone to Invest $1.2 Bln in GoM Offshore ...

LLOG, Blackstone to Invest $1.2 Bln in GoM Offshore Operations

LLOG Exploration Company L.L.C. and Blackstone today announced the formation of a long-term, strategic partnership ...

read more →

Petronas, Partners to Invest USD 5.2 bln in North Malay ...

PETRONAS signed three main contracts with PETRONAS Carigali Sdn Bhd and Hess Exploration and Production Malaysia ...

read more →

UK: KUFPEC to Invest USD 500 Mln in Alma/Galia Development

UK: KUFPEC to Invest USD 500 Mln in AlmaGalia Development

EnQuest PLC has entered into an agreement with the Kuwait Foreign Petroleum Exploration Company (‘KUFPEC’), by ...

read more →

Australia: Supermajors Invest Big in Spill Response System

Australia: Supermajors Invest Big in Spill Response System

Building on the Australian oil and gas industry’s capacity to rapidly respond to an offshore well incident, the ...

read more →

Mitsui, MOL and Marubeni to Invest in FPSO Charter ...

Mitsui, MOL and Marubeni to Invest in FPSO Charter Business (Brazil)

MODEC, Inc., Mitsui & Co., Ltd. , Mitsui O.S.K. Lines, Ltd.  and Marubeni Corporation have agreed that Mitsui, ...

read more →

Congo: Chevron to Invest USD 1.9 bln in Lianzi Development

Congo: Chevron to Invest USD 1.9 bln in Lianzi Development

Chevron, one of the U.S. largest oil producers, plans to invest $1.9 billion in the development of Lianzi oil ...

read more →

Norway: Ulstein Launches New Platform Supply Vessel for ...

Ulstein Group, a group of companies mainly known for its ship building and ship design activities reported today ...

read more →

Petrobras CEO Invites Japanese Businessmen to Invest in ...

Petrobras CEO Invites Japanese Businessmen to Invest in Brazil

Petrobras’ CEO, José Sergio Gabrielli de Azevedo, gave a presentation this Monday (Nov 7) at the Brazilian Chamber ...

read more →

Russia Aims to Invest USD 225 Billion in Offshore ...

Russia hopes to invest up to $225 billion in offshore oil and gas exploration through 2030 and may introduce tax ...

read more →

Delek Group Receives Licence to Invest in Cypriot ...

Yitzhak Tshuva-controlled Delek Group Ltd.  units Avner Oil and Gas LP and Delek Drilling LP  have received a ...

read more →

Norway: Statoil, Partners to Invest USD 1.9 Billion in ...

Statoil and its partners in the Troll licence have decided to invest NOK 11 billion (approximately USD 1.9 Billion) ...

read more →

UK: Swire Plans to Invest USD 82 Million in Rental ...

Swire Oilfield Services is investing £50 million over the rest of this year in its rental fleet and support ...

read more →

Qatar to Invest “Tens of Billions” into Oil ...

Qatar is planning to pump a staggering $170 billion into projects in the next 11 years and nearly $140 billion will ...

read more →

PGS Strengthens Capital Base to Invest in Fleet Expansion

Petroleum Geo-Services ASA (“PGS” or the “Company”) has decided to effect a private ...

read more →

Iran: More than $13 bln to be Invested in South Pars ...

The managing director of the Pars Oil and Gas Company (POGC), Dr. Ali Vakili says during the current Iranian ...

read more →

UK: EnerMech Invests $3.2 Million in New Valves Division

Mechanical engineering company, EnerMech, has launched a new business division which will target the valve supply, ...

read more →

CNOOC to Invest Billions to Expand Oil Production ...

China National Offshore Oil Corp. or CN OOC Group, parent of CNOOC Ltd. , plans to invest 250-300 billion yuan ...

read more →