Wednesday, January 13, 2021
semisubmersible drilling rig
Offshore

Ocean 100: The 100 Companies That Dominate the Ocean Economy

By Umberto Bacchi Jan 13 (Thomson Reuters Foundation) – Just 100 companies account for most of the profits from the world’s seas, researchers said on Wednesday, calling on them to...

January 13, 2021
Total Views: 4403

Tuesday, January 12, 2021
offshore oil rig
Shipping

Norway Eyes Sea Change in Deep Dive for Metals Instead of Oil

By Nerijus Adomaitis OSLO, Jan 12 (Reuters) – Norway’s oil and gas reserves have made it one of the world’s wealthiest countries but its dreams for deep-sea discovery now center...

January 12, 2021
Total Views: 1873

Tuesday, January 5, 2021
oil tanker loading
Offshore

Oil Tops $50 for First Time Since February

By Andres Guerra Luz (Bloomberg) — Oil surpassed $50 a barrel as Saudi Arabia pledged to voluntarily cut output by an extra 1 million barrels a day from next month, while most of the...

January 5, 2021
Total Views: 1115

Friday, December 4, 2020
offshore oil rig
Offshore

Trump Administration Encourages Offshore Drilling in Final Energy Push

By Jessica Resnick-Ault NEW YORK, Dec 3 (Reuters) – The U.S. Bureau of Safety and Environment Enforcement, which overseas offshore oil and gas production, said it will consider lower royalty payments for...

December 4, 2020
Total Views: 1375

Monday, November 30, 2020
offshore support vessels
Offshore

ADNOC in Talks to Buy Offshore Oil Services Firm Zakher Marine

By Nicolas Parasie (Bloomberg) — Abu Dhabi National Oil Co. is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients,...

November 30, 2020
Total Views: 3840

Wednesday, November 18, 2020
offshore oil rig
Offshore

Final Offshore Lease Under Trump Shows GoM’s ‘Long Future’

By Nichola Groom Nov 18 (Reuters) – The Trump administration’s final sale of oil and gas leases in the Gulf of Mexico generated nearly $121 million in high bids on...

November 18, 2020
Total Views: 1018

Thursday, November 12, 2020
Offshore

Record Hurricane Season Deals Worst Blow to Gulf Oil Production in a Decade

By Sheela Tobben (Bloomberg) –It’s the year of the unprecedented and the hurricane season has been no exception. A record-breaking hurricane season shut in an OPEC-nation amount of oil during...

November 12, 2020
Total Views: 126

Wednesday, November 11, 2020
Offshore

ConocoPhillips Announces Significant Gas Discovery Offshore Norway

Nov 11 (Reuters) – ConocoPhillips said on Wednesday it has discovered gas condensate offshore Norway, sending the oil producer’s shares up 2% in premarket trade. The discovery was made northwest...

November 11, 2020
Total Views: 147

Friday, October 30, 2020
Chevron Big Foot
Maritime News

Chevron Posts Surprise Profit But Outlook is Grim

By Kevin Crowley (Bloomberg) –Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven collapse in crude demand. The California oil titan...

October 30, 2020
Total Views: 23

Thursday, October 29, 2020
Offshore

Active Hurricane Season Weighs on U.S. Energy Production

Oct 29 (Reuters) – As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year’s repeated oil and gas production halts were already hitting energy firms’...

October 29, 2020
Total Views: 27

semisubmersible drilling rig
Offshore

Exxon Mobil to Slash 14,000 Jobs Due to Oil Slump

By Kevin Crowley (Bloomberg) –Exxon Mobil Corp. will slash its global workforce by 15% by the end of 2022, an unprecedented culling by North America’s biggest oil explorer as it...

October 29, 2020
Total Views: 56

Wednesday, October 21, 2020
Offshore

Lawsuit Claims Trump Admin Offshore Drilling Analysis Violates Endangered Species Act

By Christopher Yasiejko (Bloomberg) –The Trump administration was sued by several environmental groups that claim it has violated the Endangered Species Act with a long-awaited assessment of the harm that...

October 21, 2020
Total Views: 25

Maritime News

Turkey Extends Exploration in Disputed Waters with Greece

ANKARA, Oct 21 (Reuters) – Turkey said on Wednesday it extended the stay of its Oruc Reis survey vessel and two other ships in a disputed area of the eastern...

October 21, 2020
Total Views: 20

Tuesday, October 20, 2020
offshore rig
Maritime News

Losing Control? Norway’s Offshore Oil Workers Fear for Future as Rigs Go Remote

By Nerijus Adomaitis OSLO, Oct 20 (Reuters) – A shift to operating oil rigs remotely from land, which has been accelerated by lower crude prices, has rekindled concerns among Norwegian...

October 20, 2020
Total Views: 57

Friday, October 16, 2020
offshore rig north sea
Offshore

BOEM Sets Date for Region-Wide Oil and Gas Lease Sale in Gulf of Mexico

The U.S. Bureau of Ocean Energy Management (BOEM) will offer approximately 78 million acres in the Gulf of Mexico for a region-wide lease sale now scheduled for next month, Acting...

October 16, 2020
Total Views: 25

Offshore

Philippines to Resume Oil Exploration in South China Sea

By Claire Jiao and Cecilia Yap (Bloomberg) –The Philippines lifted its moratorium on oil and gas exploration in disputed areas of the South China Sea, a move that was welcomed...

October 16, 2020
Total Views: 19

Friday, October 9, 2020
johan sverdrup offshore field
Maritime News

Norway Oil Strike Set to End as Wage Agreement Reached

By Nerijus Adomaitis OSLO, Oct 9 (Reuters) – Norwegian oil firms struck a wage bargain with labour union officials on Friday, ending a 10-day strike that had threatened to cut...

October 9, 2020
Total Views: 14

Tuesday, October 6, 2020
offshore drillship
Maritime News

Transocean’s Plan to Avoid Bankruptcy May Cause One Just the Same

By Allison McNeely (Bloomberg) — Measures taken by Transocean Ltd. to stave off a bankruptcy filing could be exactly what ends up sending the offshore drilling company into Chapter 11...

October 6, 2020
Total Views: 37

Maritime News

Norway Union Offers New Proposal to End Offshore Worker Strike

By Nerijus Adomaitis OSLO, Oct 6 (Reuters) – Norway’s Lederne labour union has made a new proposal to oil companies to try to resolve a dispute over wages and end...

October 6, 2020
Total Views: 10

Tuesday, September 29, 2020
Maritime News

Energy Transitions and Zero-Carbon Targets -Opinion

By John Kemp LONDON, Sept 29 (Reuters) – Policymakers in many countries have outlined plans for an ambitious transition from a system dominated by oil, gas and coal in the...

September 29, 2020
Total Views: 20