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offshore oil and gas

Wednesday, May 15, 2024
Seadrill drillship on the horizon

Seadrill Sets New Record with Cycle-High Dayrate of $545,000

Offshore drilling contractor Seadrill Limited (NYSE & OSE: SDRL) reported a record dayrate of $545,000 for a one-well contract in the first quarter of

23 mins ago
Total Views: 82

Wednesday, May 8, 2024
Photo of the Johan Castberg FPSO courtesy Equinor

Giant Johan Castberg FPSO Prepares to Set Sail

By Stephen Treloar and Kari Lundgren (Bloomberg) — The vessel that will tap Norway’s newest oil field is now undergoing final checks before setting

May 8, 2024
Total Views: 2297

Tuesday, April 16, 2024
FILE PHOTO: An oil and gas drilling platform stands offshore in Alabama, October 5, 2013. REUTERS/Steve Nesius/File Photo

New Rule Aims to Protect U.S. Taxpayers from Bearing Offshore Decommissioning Costs

The Department of the Interior has announced a new rule aiming to ensure that costs related to the decommissioning of offshore platforms are covered by the oil

April 16, 2024
Total Views: 1046

Monday, March 11, 2024
An illustration showing the Goliat FPSO powered by floating offshore wind turbines. Photo courtesy Odfjell Oceanwind

Odfjell Oceanwind Secures Major Funding for Barents Sea Floating Wind Project

Odfjell Oceanwind, in partnership with Source Galileo Norge and Kansai Electric Power Company, has been awarded a significant grant amounting to around US $190

March 11, 2024
Total Views: 1122

Friday, March 1, 2024
Wind of Change for Shetland Oil Hub, But Who Will Benefit?

Wind of Change for Shetland Oil Hub, But Who Will Benefit?

LONDON, March 1 (Thomson Reuters Foundation) – When storms batter Scotland’s Shetland Islands, as they frequently do, the force

March 1, 2024
Total Views: 1139

Thursday, February 29, 2024
offshore oil rig

Exxon Plays Hardball With Chevron Over Guyana’s Oil Riches

By Kevin Crowley and Rachel Graf (Bloomberg) — It’s rare for disputes between any of the world’s supermajor oil companies to spill out in public.

February 29, 2024
Total Views: 2361

A Sikorsky S-92 helicopter hovering

Norway May Ground Sikorsky Helicopters After North Sea Crash

OSLO, Feb 29 (Reuters) – Norway on Thursday halted all helicopter traffic to its offshore oil and gas fields after a deadly crash, and said it was

February 29, 2024
Total Views: 3641

Tuesday, February 20, 2024
FILE PHOTO: An oil and gas drilling platform stands offshore in Alabama, October 5, 2013. REUTERS/Steve Nesius/File Photo

Interior Department’s Poor Oversight of Offshore Decommissioning Increases Risks, Government Report Finds

The U.S. Department of the Interior is facing criticism over its failure to adequately enforce the decommissioning of aging offshore oil and gas wells and

February 20, 2024
Total Views: 1327

Monday, February 19, 2024
Illustration of the world's first methanol-powered Construction Support Vessel

Norwegian Shipowners Partner on World’s First Methanol-Powered Subsea and Offshore Wind Vessel

Norwegian shipowners Eidesvik Offshore and Agalas are partnering on the construction an innovative Construction Support Vessel (CSV) designed for subsea and

February 19, 2024
Total Views: 1054

Wednesday, February 14, 2024
The multi-purpose support vessel (MPSV) Siem Day. Photo courtesy DeepOcean

DeepOcean Secures Major Subsea Contract with ExxonMobil in Guyana

Norway-based DeepOcean, a leading provider of ocean services, has secured a major contract from ExxonMobil Guyana for subsea construction and inspection,

February 14, 2024
Total Views: 4099

Tuesday, January 16, 2024
offshore worker in the foreground looking out at a production platform in the background

Norway Awards New Oil and gas Production Licenses

Norway’s state-controlled energy company Equinor has been granted 39 new production licenses by the Ministry of Energy in this year’s licensing

January 16, 2024
Total Views: 696

Thursday, December 28, 2023
The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. Houthi Military Media/Handout via REUTERS

The Maritime Stories That Made 2023

This year proved once again that the maritime industry is one of the most important and exciting industries on the planet. As 2023 comes to a close,

December 28, 2023
Total Views: 6002

Tuesday, December 26, 2023
Seadrill drillship on the horizon

Seadrill Secures $1.1 Billion Contracts with Petrobras

Offshore drilling contractor Seadrill Limited (NYSE & OSE: SDRL) has been awarded fixed-term contracts by Petrobras for its drillships, West

December 26, 2023
Total Views: 1330

Thursday, December 21, 2023
FILE PHOTO: An oil and gas drilling platform stands offshore in Alabama, October 5, 2013. REUTERS/Steve Nesius/File Photo

Gulf of Mexico Lease Sale Nets $382 Million, Most Since 2015

Dec 20 (Reuters) – A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies

December 21, 2023
Total Views: 1267

Tuesday, December 5, 2023
Chunk of Norway’s Offshore Gas Discoveries Risk Going Untapped

Chunk of Norway’s Offshore Gas Discoveries Risk Going Untapped

(Bloomberg) — A swath of Norway’s offshore gas discoveries risk remaining untapped due to challenges ranging from complex reservoirs to costs of

December 5, 2023
Total Views: 1496

Wednesday, November 15, 2023
Rem Offshore's subsea vessel Rem Inspector. Photo courtesy Rem Offshore

Rem Offshore Secures New Contracts Worth $140 Million, Doubling Backlog

Norway-based Rem Offshore (OSE: REM) has announced new long-term contracts worth US $140 million (NOK 1.5 billion), doubling the offshore vessel

November 15, 2023
Total Views: 950

Tuesday, November 7, 2023
Tidewater offshore vessel at sea

Tidewater Shares Tumble as OSV Day Rates Hit New High-Water Mark

Shares of Tidewater Inc. (NYSE:TDW) fell more than 10% on Tuesday after the company reported impressive revenue of nearly $300 million in the third quarter

November 7, 2023
Total Views: 3752

Thursday, October 26, 2023
offshore rig north sea

Offshore Drilling Rigs Seeing Longer Contracts

The increasing utilization of offshore drilling rigs is causing a decrease in availability and longer contract awards and tender opportunities, according to

October 26, 2023
Total Views: 2658

Monday, October 23, 2023
File photo of an offshore drillship

Chevron Wins Piece of Exxon’s Guyana Oil Riches With Hess Deal

By Kevin Crowley (Bloomberg) — The crown jewel of Chevron Corp.’s $53 billion acquisition of Hess Corp. is a piece of larger rival Exxon Mobil

October 23, 2023
Total Views: 1069

Stock image of the Chevron logo

Oil Mega-Merger: Chevron to Buy Hess Corp for $53 Billion

By Sabrina Valle and Mrinalika Roy HOUSTON, Oct 23 (Reuters) – Chevron Corp agreed to buy Hess for $53 billion in stock to gain

October 23, 2023
Total Views: 3110


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