offshore drilling

The Obama administration on Tuesday proposed allowing for the first time oil and gas exploration in a wide swath of U.S. waters off the Atlantic

The U.S. Interior Department will lay a framework as soon as Tuesday for oil exploration in the nation’s coastal waters in a five-year plan that is expected

Offshore oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs at an

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

Norway's Statoil risks millions of dollars in extra costs in Canada - a test case that could spell problems for other oil firms too as coastal states extend

In a bold move of aggression on Saturday morning, Spanish Navy rigid-hulled inflatable boats repeatedly slammed into Greenpeace protesters off the Canary

For the Transocean Spitsbergen and the Songa Trym, 2014 will end mid-November. Due to overcapacity in Statoil’s rig portfolio, the company has decided

For the past 70 to 80 days, a meander of the North Atlantic gyre has put offshore drilling on hold for many deepwater drilling rigs within the Green Canyon,

Platform drilling firm Archer Limited announced today that it will continue drilling operations at the Greater Ekofisk area for at least another five years as

ST PETERSBURG, Russia/OSLO, May 24 (Reuters) – Russia’s Rosneft could buy a controlling stake in the world’s largest offshore driller,

By Balazs Koranyi OSLO, May 22 (Reuters) – The global offshore drilling market’s dip could be longer than previously expected and charter rates

By Tom Bergin LONDON, May 13 (Reuters) – A planned change in the way Britain taxes North Sea drillers exposes the loophole in a system that allowed an

Bergen-based drilling contractor Norshore has secured work for its first newbuild mini-drillship Norshore Atlantic as part of a top-hole drilling contract with

By Aziz El Yaakoubi MARRAKESH, Morocco, April 29 (Reuters) – Morocco will drill 30 oil and gas wells in 2014 as part of the North African kingdom’s

According to data obtained by gCaptain, a dozen newly-built offshore drilling rigs will commence operations in the Gulf of Mexico (GoM) this year while five

March 12 (Bloomberg) — Repsol SA, Spain’s biggest oil producer, will spend about $95 million drilling its first well offshore from Namibia as the

The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling said, providing

Feb. 11 (Bloomberg) — Total SA began life as Cie Francaise des Petroles, or CFP, almost a century ago. Thirty years since changing its name, the French

Drillers face a year of pain as they take delivery of a slew of new vessels ordered during boom times just as oil companies ruthlessly tighten spending on

When geologist Robert Ryan started his career in the 1970s, 600 feet was considered “deep water,” shale was useless rock and oil didn’t