Offshore

RIO DE JANEIRO (Dow Jones)–Brazil’s offshore oil industry could tap $1.1 billion in funding for research and development in 2012 to meet the

As offshore drilling operations reaching into deeper water, further from shore, the duration of helicopter flights also increases along with the risk that the

Technip and Aker Solutions have recently announced they both have been awarded front-end engineering design (FEED) contracts by Statoil ASA for the development

Petrobras announces that on Tuesday (13/03) around 14:30, the drilling rig SS-39 (Alaskan Star), a semi-submersible drilling rig owned by Queiroz Galvao

Brazilian oil regulators will not allow U.S. oil major Chevron to resume offshore drilling because the company has not proved that the risk of accidents has

THE WOODLANDS, Texas (Dow Jones)–Anadarko Petroleum Corp. (APC) expects natural gas prices to rebound significantly from their current depressed status

Oil and gas will remain the backbone of the world’s energy supplies for a long time to come, and the offshore sector continues to expand in every

Prosafe has received a Notice of Award for a minimum nine-month contract by Shell Philippines Exploration B.V. (‘SPEX’) using the Safe Astoria for

HOUSTON (Dow Jones) — Royal Dutch Shell (RDSA) remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska

This is one of the many issues facing the engineers at Shell who are creating the world’s largest man-made floating object, the Prelude FLNG.  This

Exxon Mobil Corp. (XOM) plans to spend roughly $185 billion over the next five years to develop new energy supplies in anticipation of growing demand. In a

COPENHAGEN (Dow Jones)–Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday its oil exploration services unit Maersk

LONDON (Dow Jones)–The April loading program for North Sea Ekofisk crude oil is scheduled at 337,788 barrels a day, up from 296,832 barrels a day

HOUSTON (Dow Jones)–Saudi Aramco, the world’s largest oil producer, plans to drill its first deepwater exploratory well in the Red Sea by year-end,

Maersk Supply Service has won three new contracts with the Brazilian state owned oil company Petrobras (SAO:PETR3) for anchor handling tug supply (AHTS)

The drilling engineers and geoscientists at Chevron Nigeria (CNL) knew that there was a good chance the unimpeded flow from the blown-out Funiwa 1A natural gas

Fugro Geoteam, the marine seismic data acquisition arm Fugro, has been awarded contracts with four major international oil companies for 3D and 4D seismic

SINGAPORE (Dow Jones)–Ezra Holdings Ltd. (5DN.SG) said Monday its subsea construction division, EMAS AMC, has won a contract from Statoil (STL.OS) worth

The Marine Spill Response Corporation (MSRC) says it has completed its Gulf of Mexico expansion program, known as Deep Blue, and is now fully prepared to

BP PLC (BP, BP.LN) has agreed to a no-cap settlement with thousands of individuals and businesses affected by the Deepwater Horizon disaster, but the oil giant