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UN Fails to Raise Funds to Remove Oil from Decaying Tanker Off Yemen's Coast

May 05, 2023

The United Nations on Thursday fell far short of raising the money it needs for an operation to salvage 1.1 million barrels of oil from a decaying vessel moored off Yemen's coast and avert an environmental disaster.U.N. officials have been warning for years that the Red Sea and Yemen's coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska…

ONGC, Coast Guard Prevent Disaster as LPG Tanker Goes Adrift Near Offshore Installations

Jul 27, 2021

Indian oil and gas explorer ONGC said Monday it had, together with Coast Guard, helped avert a possible disaster relating to an empty LPG Tanker ‘Gas Yodla’ which went adrift after engine failure in the Arabian Sea on  July 24, 2021. 'At 6:35 PM on that day…

Rescuers Searching for 49 Missing after Cyclone Sinks Oilfield Barge Offshore India

May 20, 2021

Naval vessels and aircraft scoured the waters off India's west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said…

Search Underway for 77 Offshore Workers Missing from Barge Sunk by Cyclone

May 19, 2021

Indian navy ships and aircraft scoured waters off the financial capital Mumbai on Wednesday for 77 workers missing from a barge that sank after a powerful cyclone barrelled into the country's west coast this week.Driving waves of up to 25 feet on the high seas…

China: CNOOC Searching for Three Missing After Fire on Offshore Platform Doused

Apr 09, 2021

China’s offshore oil and gas major CNOOC Ltd has put out a fire at a production platform in Bohai Bay and is focusing its efforts on searching for three people who went missing, the firm said on Friday.In a filing to the Hong Kong stock exchange…

Oz Offshore Regulator Launches Probe after Eni's Subsea Buoy Comes to Surface, Posing Threat to Vessels

Sep 10, 2020

The Australian offshore safety agency NOPSEMA has ordered Eni to 'make safe' a floating mid-depth buoy at the Woollybutt field off W. Australia, after the buoy, normally chained 50 meters underwater, was spotted floating on the surface, posing a navigational threat to vessels passing by…

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

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As the deadline for a trade agreement nears, stocks and the dollar drop as Trump's budget bill passes.
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FT reports that the EU is stockpiling critical minerals in response to geopolitical threats.
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