Monday, January 25, 2021
offshore rig

BP Drastically Cuts Oil Exploration

BP ($BP) cuts in oil exploration could hurt struggling offshore exploration companies like Transocean ($RIG). UK oil major BP has drastically scaled back the team that looks for more oil...

January 25, 2021
Total Views: 2620

Monday, August 29, 2016

Exploratory Drilling Hits 70-Year Low Water Mark

by Mikael Holter (Bloomberg) Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they’ll probably find even less, spurring new fears...

August 29, 2016
Total Views: 25

Sunday, May 31, 2015

Rare run of oil finds offers little respite offshore

(Reuters) Exploration firms have made a rare run of oil and gas discoveries in recent weeks as more targeted search strategies bear fruit, but they offer little respite to a sector...

May 31, 2015
Total Views: 3

Monday, July 15, 2013
Seadrill Semi-Rig West Pegasus

Italy and Malta Sign Accord on Mediterranean Offshore Oil and Gas Exploration

Italy and Malta’s prime ministers reached an agreement today for joint oil and gas exploration in the Mediterranean Sea between the islands of Sicily and Malta.

July 15, 2013
Total Views: 4

Saturday, June 8, 2013

Miracle In Myanmar: Can Offshore Energy Bring A Miracle?

(Bloomberg) Myanmar’s opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to emulate Vietnam. How those views pan out...

June 8, 2013
Total Views: 1

Tuesday, May 14, 2013
boa galatea brazil exploration offshore emgs

$5 Billion of Brazilian Seafloor Up for Auction, Offshore Drillers Flock to Brazil

For the first time in five years, more than 60 oil companies are set to bid on exploration permits offshore Brazil, taking on risks of drilling in virgin waters.

May 14, 2013
Total Views: 3

Wednesday, January 23, 2013
offshore morocco chevron

Chevron Signs Agreement to Conduct Deepwater Exploration Offshore Morocco

By Saabira Chaudhuri Chevron Corp. (CVX) has signed petroleum agreements related to three offshore areas in Morocco, a push to expand its footprint in frontier basins. The oil and gas...

January 23, 2013
Total Views: 10

Monday, November 19, 2012
NS12-1 Parcels canada nova scotia offshore

BP Gains Exploration Foothold Offshore Nova Scotia

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) announced late last week that BP and Shell were the successful bidders for exploration licenses offshore Nova Scotia.  These blocks are located approximately...

November 19, 2012
Total Views: 7

Friday, October 12, 2012

Call It Senkakudiaoyu? China & Japan Agree To Share Vast Offshore Oil Reserve

China and Japan sat down for talks and agreed to jointly develop a natural gas field under the East China Sea, defusing a dispute between Asia’s biggest economies over who owns the reserves. That...

October 12, 2012
Total Views: 21

Saturday, October 6, 2012

Uruguay Signs $1.65 Billion in Offshore Exploration Contracts

BUENOS AIRES–Uruguay’s government on Friday signed offshore exploration deals with four oil and gas companies that have committed to invest $1.65 billion over the next three years. The companies include...

October 6, 2012
Total Views: 0

Tuesday, June 26, 2012
Polar Pioneer barents sea statoil

After Recent Big Discoveries, Norway Looks to Award Offshore Exploration Licenses in Arctic Oil Patch

TRONDHEIM, Norway–Norway Tuesday pushed ahead with plans to award oil and gas drilling licenses mainly in the vital Arctic area, in a bid to open up new sea acreage for...

June 26, 2012
Total Views: 0

Wednesday, June 20, 2012

Textbook Frontier Play: Chevron Joins Kosmos to Find Oil Offshore Suriname

Chevron Corp. (CVX) said it would join with Kosmos Energy Ltd. (KOS) to explore for oil off the coast of Suriname, as the oil giant seeks an entry into what...

June 20, 2012
Total Views: 1

Tuesday, June 12, 2012
Babcock Island Enforcer

Shell Mobilises Offshore Vessel in North Sea

Babcock has successfully completed the first phase of a contract awarded by Shell, to integrate a novel self-stabilizing gangway system onboard the subsea construction vessel MV Island Enforcer, providing pedestrian access...

June 12, 2012
Total Views: 5

Sunday, May 6, 2012
pyrenees fpso western australia

Investing in LNG: Australia Awards a Dozen Offshore Exploration Permits

SYDNEY (Dow Jones)–Australia’s government on Sunday said it has awarded 12 new petroleum exploration permits for off the coast of Western Australia and Victoria state. Among the eight companies to...

May 6, 2012
Total Views: 3

Thursday, February 16, 2012

Falkland Islands 2.0 – London Promises To Share In Offshore Windfall

The United Kingdom has stated they will share in a large discovery of oil off the coast of the once disputed Falkland Islands.  With royalties from the offshore well discovered by...

February 16, 2012
Total Views: 2

Friday, December 30, 2011
north sea oil platform ocean

North Sea Oil Exploration Continues with the Award of 46 New Licenses

LONDON (Dow Jones)–The U.K. has awarded 46 new licenses to explore for oil and gas in the North Sea, the Department of Energy and Climate Change announced on its website...

December 30, 2011
Total Views: 16

Thursday, February 10, 2011

Oil-Drilling Boom Under Way

Oil-drilling activity in the U.S. has accelerated to a pace not seen in a generation as energy companies, oilfield contractors and landowners rush to exploit newly profitable sources of crude....

February 10, 2011
Total Views: 3

Wednesday, February 2, 2011

Marathon Oil sets $5.267 billion capital, investment and exploration budget

HOUSTON, Feb. 2, 2011 – Marathon Oil Corporation (NYSE: MRO) announced today a $5.267 billion capital, investment and exploration budget for 2011, consistent with prior guidance and a 9 percent...

February 2, 2011
Total Views: 1

Tuesday, September 21, 2010

Discoverer Americas – A 6th Generation Drillship Leaves the Gulf of Mexico

For Statoil and Transocean’s crew assigned to the Discoverer Americas, heading to Egypt had always been part of the long term plan, however in this case, the schedule got moved...

September 21, 2010
Total Views: 1

Wednesday, September 8, 2010

“Skandi Aker” named ‘ship of the year’ at SMM

Aker Solutions’ new deepwater intervention vessel, Skandi Aker, has today been announced winner of the coveted international “Ship of the Year 2010” award. The award was presented today to Stig...

September 8, 2010
Total Views: 2