Offshore - Oil & Gas

  • Oil at $50: what it means for offshore companies

    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.

  • Why Trump's offshore drilling order could...

    US President Donald Trump signed an executive order to extend offshore oil and gas drilling to areas that have been off limits - a move meant to boost domestic production but which could fall flat due to weak industry demand for the acreage.

  • Trump to Sign Executive Orders That Enable...

    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.

  • Introducing AkzoNobel's innovative...

    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.

  • ONGC uses offshore design and analysis software...

    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.

  • Flying drones generate power from wind

    Technology that uses flying drones to generate electricity from the wind is getting a boost from the Germany utility EON SE, which is backing a test project that may show if it can help cut the costs of producing power offshore.

  • Trump’s energy team: a big win for big oil?

    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?


Aramco pushes for more Saudi localisation by signing world’s largest shipment yard

Saudi Aramco signed a shareholder agreement with Lamprell plc (“Lamprell”), the National Shipping Company of Saudi Arabia (“Bahri”), and Hyundai Heavy Industries Co. Ltd (“HHI”) to enter into a joint venture (“JV”) partnership with respect to the establishment, development and operation of a world-class maritime yard, which is the anchor project within the King Salman International Complex for Maritime Industries and Services located in Ras Al-Khair, near the Jubail Industrial City on the Kingdom’s east coast.