News
Oil prices rise on Wednesday following fall in US stockpiles
Oil prices increased on Wednesday following a decline in crude stockpiles at Cushing, Oklahoma in the US. Brent crude rose...
Read moreTGS to carry out 2D surveys offshore Eastern Canada
Norwegian seismic contractor TGS has announced plans to carry out 2D surveys offshore Eastern Canada, under which it will gather...
Read moreOcean Victory rig set to commence operations at BP’s $2.1bn offshore Juniper project
BP Trinidad and Tobago (bpTT), a subsidiary of UK-based oil company BP, has announced the arrival of the Ocean Victory...
Read moreSubsea 7 to cut 2,500 jobs globally
Offshore engineering company Subsea 7 has announced plans to cut 2,500 jobs globally by early 2016, citing tough business and...
Read moreShell obtains conditional approval from US regulator to drill for oil off Alaska
The Anglo-Dutch company Royal Dutch Shell has received conditional approval from the US regulator Bureau of Ocean Energy Management (BOEM)...
Read moreTechnip chosen for BP’s Thunder Horse South oil field project in Gulf of Mexico
BP Exploration & Production has selected Technip for the Thunder Horse South drilling quarters unit expansion project in the Gulf...
Read moreEnvironmental groups oppose Belize’s new draft proposals for offshore drilling
The Government of Belize's new draft proposal allowing companies to conduct offshore exploration for oil and gas near the Great...
Read moreOil prices dip on Tuesday over Saudi Arabia’s strong crude production reports
Oil prices dropped on Tuesday following reports of rise in crude production by oil exporter Saudi Arabia which pumped 10.308...
Read moreWintershall awards $300m contract to Subsea 7 for Maria field development in Norway
Wintershall Norge has awarded a $300m contract to Subsea 7 for the company's Maria field development located in the Norwegian...
Read moreOil price slips below $65 over signs of shale oil production recovery in US
Oil price fell below $65 a barrel on Monday amidst fresh oversupply concerns with some US shale oil operators looking...
Read more
