Offshore

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

Offshore

January 28, 2020

Exxon’s new discovery boosts Guyana oil estimate to over 8 billion barrels

Exxon Mobil Corp on Monday raised its Guyana oil estimates by 2 billion barrels with disclosure of a new discovery, as it continues to develop...

January 20, 2020

Cyprus blasts ‘pirate state’ Turkey’s new gas drilling bid

Cyprus has denounced Turkey as a “pirate state” that flouts international law as Turkey’s bid to drill for natural gas in waters where Cyprus has...

January 3, 2020

POSH suspends trading after close of Kuok group’s offer

PACC Offshore Services Holdings (POSH) has requested the suspension of trading in its shares with effect from 9am on Friday. (more…)

A worker stands in front of the Floatel Triumph, a semi-submersible accommodation rig operated by Floatel International Ltd. and developed by Keppel Offshore & Marine Ltd.'s deep water technology group, during a media tour in Singapore, on Friday, March 11, 2016. Keppel Corp., parent company of Keppel Offshore & Marine, is the world's biggest builder of oil rigs. Photographer: Nicky Loh

December 17, 2019

Keppel delivers another jackup rig to Grupo R with sale and leaseback deal

Keppel Offshore & Marine Ltd (Keppel O&M) through its wholly-owned subsidiary Keppel FELS Limited (Keppel FELS) has delivered the KFELS B Class jackup rig, Cantarell...

December 15, 2019

Daewoo Shipbuilding clinches major order from Chevron

Daewoo Shipbuilding & Marine Engineering Co., the world’s third-largest shipbuilder by orders, said Friday it has received a $200 million offshore facility order from a...

December 10, 2019

Brazil will drill massive oil find despite climate concerns: minister

Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in spite of growing global concerns about...

November 22, 2019

Fredriksen Leaves Board of Struggling Seadrill

Billionaire John Fredriksen stepped down as chairman of Seadrill Ltd., raising the question of whether he could become less supportive of an offshore-rig company struggling...

November 18, 2019

Italy’s Saipem to Consider Combining With Rival Subsea 7

Saipem SpA is considering a combination with rival Subsea 7 SA in what could rank as one of the European oil services industry’s biggest-ever deals,...

November 6, 2019

Green groups return to court to stop Arctic oil drilling in Norway

Environmental groups urged a Norwegian appeals court on Tuesday to take emissions from the country’s oil and gas exports into account when ruling on the...

November 1, 2019

Sembcorp Marine Secures Contract for Shell’s Whale Field Development

Sembcorp Marine Rigs & Floaters Pte. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a...

November 1, 2019

Giant Brazil Offshore Oil Find Might Be Expensive for Exxon

Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the giant Buzios field up...

October 25, 2019

Norway’s New Crude a Threat to Rivals in Prized Asia Market

Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America. (more…)

October 22, 2019

Temasek Offers to Buy Control of Keppel for About $3 Billion

Singapore’s Temasek Holdings Pte plans to take control of Keppel Corp. for about S$4 billion ($3 billion) and undertake a review of the oil-rig builder’s...

October 18, 2019

Keppel delivers fourth jackup rig to Borr Drilling

Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), delivered the state-of-the-art jackup rig, Hermod, to Borr...

October 8, 2019

Keppel, Sembcorp Marine Reach Rig Settlement with Sete Brazil

Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build...