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offshore oil and gas

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: 1256

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: 960

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: 4041

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: 678

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: 5935

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: 1302

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: 1207

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: 1491

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: 930

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: 3647

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: 2643

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: 1053

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: 3087

Tuesday, October 17, 2023
FILE PHOTO: An oil and gas drilling platform stands offshore in Alabama, October 5, 2013. REUTERS/Steve Nesius/File Photo

Oil Industry Titans Turn on Trump

By Jennifer A. Dlouhy (Bloomberg) — Oil industry leaders contributed top dollar to President Donald Trump in 2020. But now oil and gas titans are

October 17, 2023
Total Views: 42529

Monday, October 2, 2023
offshore drilling rig brazil

Brazil’s Petrobras Gets Permit to Start Drilling at Key Offshore Area

(Bloomberg) — Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks

October 2, 2023
Total Views: 648

Friday, September 29, 2023
offshore rig

US Plans Sharp Reduction in Offshore Oil and Gas Auctions

Sept 29 (Reuters) – The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of

September 29, 2023
Total Views: 524

Thursday, September 28, 2023
offshore rig north sea

Biden Administration Navigates Offshore Oil Leasing Dilemma

By Jennifer A. Dlouhy and Jennifer Jacobs (Bloomberg) — The Biden administration is charting plans to sell offshore oil drilling rights in the Gulf of

September 28, 2023
Total Views: 1463

FILE PHOTO: U.S. President Joe Biden holds up a wind turbine size comparison chart while attending a meeting with governors, labor leaders, and private companies launching the Federal-State Offshore Wind Implementation Partnership, at the White House in Washington, U.S., June 23, 2022. REUTERS/Kevin Lamarque/File Photo

Record Low Sales Expected in Biden’s 5-Year Oil & Gas Lease Plan

By Jarrett Renshaw and Nichola Groom Sept 28 (Reuters) – The Biden administration’s five-year plan for offshore oil and

September 28, 2023
Total Views: 1424

Wednesday, September 27, 2023
The Petrojarl Knarr FPSO. Photo credit: Altera

UK Green Lights $3.8 Billion Rosebank Oil and Gas Project in North Sea

The UK government has granted a development and production license to Equinor and Ithaca Energy for the $3.8 billion Rosebank project northwest of Shetland.

September 27, 2023
Total Views: 916

Thursday, September 21, 2023
Location of Raia Manta and Raia Pintada fields in the area of BM-C-33. Map courtesy Equinor

Equinor Submits Plans for $9 Billion Field Projects Offshore Brazil

Norwegian energy company Equinor has announced the commercial viability and submitted development plans for two major offshore oil and gas fields in

September 21, 2023
Total Views: 862


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