Offshore drilling market faces an uncertain year

As a slew of newbuild drilling rigs hit the market in 2015, coupled with budget cuts, it is speculated that the industry will see an acceleration in the rate of marginalization of legacy assets.


Online exclusive: Mexico’s bidding round for shallow water kicks off

The Mexican National Hydrocarbons Commission recently published the bidding and contract term.


Seismic companies steel themselves for a challenging year

This year's annual global seismic vessels survey was undertaken during one of the greatest periods of uncertainty the oil and gas industry has seen in recent years.


Pipelay vessel Ceona Amazon made ready for deepwater field development

Recently, the two main cranes and vertical lay system were fitted on Ceona's new deepwater field development vessel Ceona Amazon at the Huisman yard in Schiedam, the Netherlands.


Red Hawk stands as first spar ever decommissioned in GoM

The Red Hawk spar made history throughout its design life, commissioned and decommissioned as the first of its kind. 


Lewek Constellation heads to the Gulf of Mexico

EMAS AMC has introduced the Lewek Constellation, a unique vessel that finds itself in an increasingly unique situation. 


Exclusive: BSEE chief discusses SEMS audits, new reporting initiative

Bureau seeks industry input on SEMS implementation, KPIs (Photo courtesy BSEE)


Ultra-deepwater to capture most of Brazil's offshore capex

Brazil's forecast capex over the next five years on ultra-deepwater developments is expected to constitute 84% of the 2015-2019 offshore spending.


Sub-Sahara Africa booms in oil exploration, natural gas finds

Sub-Sahara Africa is expected to outpace Russia as a global gas supplier by 2040.


Deepwater Gulf remains active amidst low oil prices

E&P activity in the deepwater Gulf of Mexico is proving to be resilient in the face of a sharp decline in oil prices.


Gas demand driving mega projects off Asia/Pacific

This year will see an industry first operating off the coast of Malaysia. 


Arctic E&P activity on the rise

The potential of the offshore Arctic oil and gas market is substantial. 


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Latest News

Capital markets, M&A activity down despite mega-merger, says GlobalData

May 29, 2015

88 Energy exits acreage offshore Morocco

May 29, 2015

Moroccan government officials have granted approval for 88 Energy’s country subsidiary to divest from its interests in the Tarfaya block.

UK Energy Bill puts oil and gas development ahead of onshore wind

May 29, 2015 The UK will emphasize domestic oil and gas production rather than onshore wind farms as the government seeks energy security ahead of reduced carbo...

North Sea Cladhan heading for mid-summer startup

May 29, 2015

Statoil awarded four licenses offshore Nicaragua

May 29, 2015

Statoil has secured operatorship of four frontier licenses offshore the Nicaraguan Pacific coast.

Campos basin offshore Brazil

Offshore photo of the day

Offshore Learning Center

Volume 75, Issue 5
Special Reports
Commodity Index

Interview Videos

88 Energy exits acreage offshore Morocco

Moroccan government officials have granted approval for 88 Energy’s country subsid...

Petronas starts production from Bukit Tua offshore Indonesia

Petronas has delivered first oil achieved from the Bukit Tua field development in ...

UK Energy Bill puts oil and gas development ahead of onshore wind

The UK will emphasize domestic oil and gas production rather than onshore wind far...

First North Sea Cat D rig scheduled to sail in June

Songa Offshore has issued an update on construction of its newbuild Cat D drilling...

Latest Carcará well offshore Brazil proves light oil extension

Galp Energia says a second well on the Carcará discovery in the presalt Santos bas...

Technical Brief

Advances in Subsea Recovery

Subsea processing technologies enable offshore fields to reach their full potential. Subsea ...
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Falling oil prices and the offshore oil and gas industry: assessing the state of the market

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