This will be more certain in case of those focused on deepwater and ultra-deepwater activities as significant overcapacity precludes OFS companies from negotiating prices much higher than today’s depressed levels, the agency stated.
In response to an anticipated executive order from President Donald Trump that may reopen offshore oil leases on the Atlantic Coast, two local environmental groups will hold a rally and press conference.
U.S. President Donald Trump this week will sign new executive orders before he completes his first 100 days in office, including two on energy and the environment , which would make it easier for the United States to develop energy on and offshore.
AkzoNobel, a leading global paints and coatings company, is underlining its commitment to invest in the country and expand its presence by participating in the Iran Oil Show 2017
AkzoNobel will be presenting a selection of its innovative protective coatings products at the show, which takes place from 6 - 9 May in Tehran. These include its international brand of innovative products from Chartek, Interchar, Ceilcote and Enviroline product ranges, used in industries including oil and gas, mining and power – all high-growth sectors in Iran.
The move paves the way for Iran to surpass the production levels of neighbouring Qatar, which shares half the offshore gasfield
German’s electricity grid regulator approved bids to build what will be the first offshore wind farms that depend entirely on market prices instead of government support and subsidy.
A public-sector undertaking of the government of India headquartered in Dehradun, ONGC is a multinational corporation and the country’s largest oil and gas exploration and production company. It began oil exploration and production offshore India in 1976, and today operates 265 fixed platforms in water depths ranging from 25-90 m (82-295 ft). Most of the jacket-type platforms designed for 25 years of service had outlived their design lives. Some platforms underwent modifications to meet changing conditions or to enhance oil recovery, while others were considered noncompliant with Oil Industry Safety Directorate (OISD) requirements.
Trump’s cabinet picks include a host of oil industry veterans and allies, including former ExxonMobil CEO Rex Tillerson as Secretary of State, former Texas governor Rick Perry as Secretary of Energy and climate change sceptic Scott Pruitt as head of the Environmental Protection Agency. With the oil lobby pushing for more access to offshore oil licences and regulatory reform, could this be the cooperative cabinet that the industry has been hoping for?
President Donald Trump is seeking more money to expedite permitting of oil and gas facilities and open federal acreage to drilling, even as he seeks billions of dollars in cuts to environmental oversight.
Azerbaijan, Kazakhstan and Turkmenistan offer attractive proposition to companies affected by oil sector slowdown
Since its establishment in Dubai in 2003, Al Suwaidi Marine has achieved a remarkable position in the boating industry. ASM is expanding to new markets and is presenting a new line of passenger boats, especially for Oil & Gas petroleum companies and touristic projects that require marine transportation.
The outlook for the global independent oil and gas exploration and production (E&P) sector remains positive, Moody’s Investors Service says in a new report.
Production from the oil layer of South Pars, the giant gas field shared between Iran and Qatar in the Persian Gulf, has exceeded 1 million barrels in less than two months, managing director of Petroiran Development Company (PEDCO) said.
U.S. Rep. Dave Reichert, R-Auburn, this week led a bipartisan group of more than 100 members of the House of Representatives in urging Department of Interior Secretary Ryan Zinke to reject proposals to open the Atlantic and Pacific Outer Continental Shelf Regions to new offshore drilling and oil exploration.