Offshore News By Categories

Offshore News By Categories

The price of Brent crude oil has steadied at $99 per barrel on Wednesday on expectations that the Organization of the Petroleum Exporting Countries (OPEC) may cut the 2015 output.   Reuters reported that Brent declined 25 cents to $98.80 a barrel and US crude was down 25 cents to…
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…
Netherlands-based SBM Offshore has secured a contract to work with Noble Energy in the US Gulf of Mexico (GoM) at the Big Bend and Dantzler fields.   SBM signed a $400m production handling agreement (PHA) with Noble Energy to produce the two fields to the Thunder Hawk DeepDraft Semi located…
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…
The price of Brent crude slipped towards $98 per barrel today on concerns of a faster hike in US interest rates.   Oil prices remained below $100 for more than a week amid weak demand and ample supplies.   Reuters reported that Brent crude for November delivery declined 51 cents…
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