Offshore News By Categories

Exploration & Development

India-based ONGC Videsh has agreed to participate in the exploration of oil and gas offshore Vietnam.   ONGC Videsh signed a letter of intent (LOI) with PetroVietnam as part of the plans.   Under the LOI, ONGC Videsh will expand its exploration activities in Vietnam by considering its participation in…
GE Oil & Gas has secured a subsea equipment contract worth more than $300m from Brazilian energy firm Petrobras.   Under the contract, GE Oil & Gas (GE) will deliver the subsea manifold systems for Petrobras' pre-salt fields, located offshore Brazil in water depths up to 6,500ft.   The deal…
Eni has made the tenth commercial oil discovery at the deepwater Ochigufu exploration prospect in Block 15/06 offshore Angola.   The company estimates the new discovery holds 300 million barrels of oil in place.   Eni said it will bring the Ochigufu 1 NFW well, which led to the discovery,…
Italian energy firm Eni has made an oil discovery in Ecuador that could hold around 300 million barrels in place.   The company has discovered oil at the Oglan-2 exploration well located in Block 10, about 260km south-east of Quito.   Drilling encountered a 236ft column of crude oil and…
The price of Brent crude declined below $98 a barrel today due to weak demand and strong supplies.   Chances of a reduction in oil production by the Organization of the Petroleum Exporting Countries (OPEC) could not deter the price fall.   Reuters reported that November Brent traded 67 cents…
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