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IKM Subsea Singapore Starts 2018 with Multiple Contracts

Feb 12, 2018

IKM Subsea Singapore said it has kicked off 2018 with a double contract award. The first is a contract to provide two remotely operated vehicles (ROV) for a floating liquefied natural gas (FLNG) mooring installation in Bangladesh. IKM Subsea…

Diamond Offshore Revenue Beats Estimates

Feb 12, 2018

Diamond Offshore Drilling Inc's fourth-quarter revenue beat analysts' estimates on Monday, helped by higher demand for its ultra-deepwater rigs. The company's revenue from its ultra-deepwater rigs rose more than 24 percent to $288.28 million in the fourth quarter…

Lebanon Will Use Energy Block Disputed by Israel

Feb 09, 2018

Lebanese Energy Minister Cesar Abi Khalil vowed on Friday there would be full exploration in offshore energy Block 9, part of which lies in waters disputed by neighbouring Israel.Lebanon said on Friday it had signed its first offshore oil…

Greenpeace Appeals after Losing Norwegian Arctic Lawsuit

Feb 05, 2018

Environmental groups launched an appeal on Monday after an Oslo court rejected their arguments that Norway's oil and gas exploration in the Arctic violates citizens' right to a clean environment. Greenpeace and Nature and Youth disputed the Oslo District Court's verdict last month…

Alaska Requests Limits on US Offshore Drilling

Jan 30, 2018

Alaska Governor Bill Walker said on Tuesday he has asked U.S. Interior Secretary Ryan Zinke to pare back a Trump administration plan for oil and gas leasing off the state's coast. While Walker supports offshore oil development, he said the…

Norway: We Must Prepare for Arctic Oil Race with Russia

Jan 17, 2018

Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries…

Current News

Shell's Jack-Up Rig of the Year Award Goes to Maersk Convincer

Shell's Jack-Up Rig of the Year Award Goes to Maersk Convincer

Oil Prices Drop To Lowest In a Year

Oil Prices Drop To Lowest In a Year

Coronavirus Delays Three Indonesian LNG Cargoes to China

Coronavirus  Delays Three Indonesian LNG Cargoes to China

Bumi Armada to Appeal Ruling in FPSO Case with Woodside

Bumi Armada to Appeal Ruling in FPSO Case with Woodside

Iran to Boost Gas Output Capacity with New Offshore Platform

Iran to Boost Gas Output Capacity with New Offshore Platform

Saipem in Saudi JV Push

Saipem in Saudi JV Push

Lebanon Set to Spud Its First Offshore Well

Lebanon Set to Spud Its First Offshore Well

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