Offshore

Billionaire John Fredriksen bought shares in Seadrill Ltd. for $33.5 million, boosting his stake in the offshore driller to 23.9 percent as the stock fell

MODEC announced today the FPSO Cidade de Mangaratiba MV24 achieved first oil in October at block BM-S-11 in Santos Basin offshore Brazil.  The vessel is on

Technip SA, Europe’s largest oil-and- gas services company, will probably raise its 1.47 billon-euro ($1.8 billion) offer for rival, CGG SA, according to UBS

Malaysian FPSO and OSV conglomerate Bumi Armada says their CEO Mr Hassan Basma has requested an early release of his contract of employment according to a

Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data

The giant Pieter Schelte pipeline installation/rig decommissioning ship has lost its 2015 summer job laying pipe for the $40 billion-euro South Stream

Brazil’s biggest money laundering and corruption scandal just got bigger with a high-level executive’s pledge to return $100 million and testify against

Chevron made the official announcement today that oil and natural gas production has begun at their massive Jack/St. Malo floating production

ExxonMobil Corp. and OAO Rosneft terminated contracts for five service vessels operated by Norway’s Siem Offshore Inc. and Rem Offshore ASA as sanctions

SBM Offshore announced today they have sold their new Diving Support and Construction Vessel (DSCV) SBM Installer for US$150 million in cash, however

Statoil has been selected to operate all phases of the giant Johan Sverdrup oil field offshore Norway, Statoil announced

"Having a dividend cut is a concrete sign that things are as bad as people fear ... it's another confirmation to how hard it is out there to be an offshore

Helix ESG’s light well intervention/dive support vessel MSV Seawell will be back up on blocks next month at Damen Shiprepair Vlissingen for a major

After at least 4 years under construction and decades of planning, the giant Pieter Schelte catamaran has set sail from the shipyard in South Korea for

Maersk Drilling reports today its jack-up rig Maersk Resolute will continue to be employed by Hess until April 2016 after four one-well contract options were

An explosion at oil and gas operator Fieldwood Energy's Echo Platform in the Gulf of Mexico on Thursday killed one person and injured at least one, but no

It’s going to cost them upwards of USD $350 million, however Norwegian energy major Statoil has decided to cancel the Stena Carron rig contract after

China Oilfield Services Limited (COSL) accepted delivery today of the COSLProspector, their fourth deep-water semi-submersible drilling rig built by CIMC

Norway faces more delays in offshore oil and gas projects and reduced exploration next year after the value of crude slumped by a third, according to the

A year after being detained by Russian authorities, Greenpeace’s vessel Arctic Sunrise is once again under the control of government authorities.  This