Offshore driller Ocean Rig UDW Inc is preparing to explore a sale amid pressure from some of its largest shareholders to review its strategic alternatives, according to three people familiar Continue Reading
The oil rig was built mostly in China and drilled its first well in Cuba. Now it’s delivering a victory for Russia in its fight against U.S. sanctions. Italian oil Continue Reading
In a sign that Brazil’s offshore sector is competitive in a world of $50–$60 oil prices, two large oil companies just announced significant investments in oil fields in the South Continue Reading
Surveying the ocean floor for oil and natural gas reserves is gradually emerging from a multi-year slump, everywhere apart from Asia. That’s despite Asia being the world’s biggest consumer of Continue Reading
Syria plans to start gas exploration in its offshore areas in early 2019, and has signed contracts for five offshore blocks with “friendly countries”, local media quoted Syrian Oil and Continue Reading
The subsea sector still supports around 45,000 jobs in the UK, despite the recent downturn in oil and gas, according to Subsea UK’s latest business activity review. The subsea sector Continue Reading
The operator of a damaged North Sea crude pipeline has invoked a clause that exempts it from fulfilling contracts, underlining the scale of the damage that has sent oil and Continue Reading
Moving ahead of the word of a U.S. offshore drilling program for the Atlantic, a Florida Democrat called on his colleagues to pass legislation to block access. U.S. Sen. Bill Continue Reading
Exports of natural gas from one of the North Sea’s key fields have been halted for at least three weeks until early January, after the closure of Britain’s largest oil Continue Reading
The Forties oil and gas pipeline shutdown on Monday, caused energy prices in the United Kingdom to spike in the afternoon, according to a new report by Reuters . Brent Continue Reading
