Offshore

This page features Offshore news, offshore drilling companies, offshore work and other components pertaining to the maritime offshore industry.

Offshore

July 10, 2020

Wave of North American Oil and Gas Bankruptcies to Continue at $40 Oil

A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a new surge...

July 6, 2020

Total Sends Oil Rig to South Africa for Rare Frontier Drilling

Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in...

July 3, 2020

Pirates kidnap 9 in attack on vessel off Nigeria

Pirates attacked an oil production vessel off Nigeria in the early hours of Thursday and kidnapped nine Nigerian nationals, the ship’s owner BW Offshore said....

June 23, 2020

Keppel Corporation Announces Termination Of Contract With Awilco

Keppel Corporation Limited refers to the announcement dated 9 June 2020 on the receipt of the Notice from Awilco purporting to terminate the Contract. Unless...

June 18, 2020

U.K. Offshore Oil and Gas Industry Pledges to Cut Emissions in Half Over Next Decade

The U.K. offshore oil and gas industry pledged to cut emissions from its operations by half in the next decade, and eliminate them completely by...

June 9, 2020

Awilco Drilling cancels rig order with Keppel

Awilco Rig 1 Pte. Ltd. (“AR1”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”) that it has...

June 2, 2020

Subsea 7 announces cost reduction measures

Subsea 7 issued further details of the cost reduction programme, following initial guidance provided on 30 April. (more…)

May 27, 2020

Coronavirus spreads in Brazil’s oilfields

Norway’s Equinor ASA, Brazil’s Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees...

200507-N-PL200-0274 SOUTH CHINA SEA (May 7, 2020) The Independence-variant littoral combat ship USS Montgomery (LCS 8) conducts routine operations near Panamanian flagged drillship, West Capella, May 7. Montgomery is on a rotational deployment to USINDOPACOM, conducting operations, exercises and port visits throughout the region and working hull-to-hull with allied and partner navies to provide maritime security and stability, key pillars of a free and open Indo-Pacific. (U.S. Navy photo by Naval Aircrewmen Helicopter 3rd Class Christopher Fred)

May 13, 2020

Malaysian oil exploration vessel leaves South China Sea waters after standoff

An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South...

May 5, 2020

Keppel Corp appoints Evercore Asia as IFA

Keppel Corp has appointed Evercore Asia (Singapore) as independent financial adviser (IFA) on the partial offer by Temasek Holdings. (more…)

April 29, 2020

U.K. Oil and Gas Industry May Lose 30,000 Jobs

The U.K.’s oil and gas industry could lose as many as 30,000 jobs over the next 12–18 months and see drilling levels plunge by a...

April 27, 2020

Maersk Drilling takes steps to adapt offshore crew pool to the changing market environment

The COVID-19 pandemic and the lower oil price environment are impacting offshore drilling activity. Some tenders and projects are being delayed or cancelled which adversely...

April 27, 2020

Diamond Offshore Files for Bankruptcy

Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking demand for...