Offshore News By Categories

Offshore News By Categories

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,…
The price of Brent crude dropped towards $97 a barrel today despite talks of lower output from the Organization of the Petroleum Exporting Countries (OPEC).   Reuters reported that Brent declined 20 cents to $97.50 a barrel, while US crude was down 40 cents at $93.12.   OPEC secretary General…
  Maersk Drilling has sold its drilling barge activities in Venezuela to Panama-based investment company Barrystar Holding.   The activities, registered to Maritime Contractors Venezuela (MCVSA), include the ownership and operation of ten cantilevered offshore drilling barges working on Lake Maracaibo.   All the drilling barges are on contract with…
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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