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BHP, ExxonMobil to Retain Aussie Oil & Gas Assets

Feb 23, 2018

BHP Billiton Ltd and ExxonMobil Corp's Esso Australia said on Friday they have dropped a sale process started 20 months ago for some of Australia's oldest and largest oilfields. 'BHP and Esso have reached a decision to not progress with…

Fugro Returns to China for Gas Hydrate Research

Feb 21, 2018

Dutch survey and geotechnical services firm Fugro said it has been awarded a contract by China’s Guangzhou Marine Geological Survey (GMGS) to perform gas hydrate investigation on the Northern Continental Slope of the South China Sea. The…

Seadrill Nears Comprehensive Restructuring Deal

Feb 12, 2018

Rig firm Seadrill, which last year filed for bankruptcy protection in a U.S. court, is working towards a comprehensive deal with all its creditors that could be concluded this week, it said in a court filing late on Friday. Once the largest drilling rig operator by market value…

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

Philippines Defends Malampaya Gas Deal with Duterte's Ally after Graft Complaint

Philippines Defends Malampaya Gas Deal with Duterte's Ally after Graft Complaint

Seismic Survey: Bluepulse from Sercel Designed for 'Sensitive' Marine Areas

Seismic Survey: Bluepulse from Sercel Designed for 'Sensitive' Marine Areas

Intellian, Inmarsat Launch New FleetBroadband Terminals

Intellian, Inmarsat Launch New FleetBroadband Terminals

Indonesia Cuts Oil and Gas Production Targets

Indonesia Cuts Oil and Gas Production Targets

Report: As Power Crisis Worsens, India Presses Qatar for Delayed LNG Cargoes

Report: As Power Crisis Worsens, India Presses Qatar for Delayed LNG Cargoes

Opinion: Global Oil Market is Tight, Despite what Producers Say

Opinion: Global Oil Market is Tight, Despite what Producers Say

Several Workers Injured in Refinery Fire in Kuwait

Several Workers Injured in Refinery Fire in Kuwait
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