Offshore

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

Offshore

January 14, 2019

Winners and Losers in Big Oil’s Offshore Spending Revival

After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread...

January 9, 2019

BP Uses New Technology to Unlock 1 Billion BOE at Thunder Horse Field

BP said it has discovered two new oilfields in the Gulf of Mexico and has identified an additional billion barrels of oil at an existing...

January 7, 2019

BW Offshore: Contract extension for FPSO Polvo

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

December 21, 2018

Total Poised to Start Exports From Big New Oil Field in Nigeria

Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when...

December 18, 2018

Subsea 7 awarded contract offshore UK

Subsea 7 announced the award of a sizeable contract by Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb Project, located approximately 140 miles east...

December 17, 2018

Norway Postpones Decision on Arctic Oil Terminal to Serve Johan Castberg Offshore Field

The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe...

December 13, 2018

Scorpio takes over Nordic American Offshore

Scorpio Offshore Holdings has taken over Nordic American Offshore (NAO) via a share placement with Emanuele Lauro appointed as chairman and CEO. (more…)

December 13, 2018

Norway Tells Offshore Drillers to Fix Lifeboat Safety

Norway’s Petroleum Safety Authority (PSA) has told Transocean , Maersk Drilling and Odfjell Drilling to beef up emergency evacuation equipment and procedures on 22 offshore...

December 5, 2018

Northern Drilling: Extension of Cobalt Explorer option

Northern Drilling announced that it has agreed to extend the Cobalt Explorer option for approximately four months against a down-payment of $12 million. (more…)

December 3, 2018

500m euros to be invested on hydrocarbon exploration in W Greece

The companies looking for oil and gas on land and sea in western Greece will invest 500 million euros in the next 7-8 years, according...

November 30, 2018

KNOT Offshore’s John Costain stepping down

KNOT Offshore Partners LP announced that John Costain has decided to step down as CEO and CFO of the partnership. (more…)

November 27, 2018

Seadrill posts $245m loss in third quarter

Seadrill, a world leader in offshore drilling, announces its third quarter results for the period ended September 30, 2018. (more…)

November 27, 2018

Subsea 7 awarded frame agreement extension offshore UK

Subsea 7 S.A. announced the award of a sizeable three-year extension of an existing Diving Support Vessel initiative (DSVi) frame agreement, with seven North Sea...

November 26, 2018

BP Sees First Clair Ridge Oil Helping to Double North Sea Output

BP Plc has seen first oil from its giant Clair Ridge development in the North Sea, helping arrest decades of decline in a region where...

November 22, 2018

Equatorial Guinea Bans Subsea 7, Source Says – report

Equatorial Guinea has banned oil-services company Subsea 7 SA from operating in the central African nation over local content rules, according to a person familiar...