Exclusives

Israel, Leviathan, gas, Mediterranean, offshore, Noble Energy, sanction, FID

The company and partners have agreed to spend $3.75 billion for the development, which is set to begin production in 2019. Noble's share is $1.5 billion.

Statoil, costs, breakeven, technology, offshore, Johan Castberg, oil, Margareth Øvrum

The company has initiated cost-saving measures and tackled drilling efficiency among other areas while working toward its goal of developing a remotely operated factory.

Guyana, ExxonMobil, SBM Offshore, Liza, offshore, contract, FPSO

The news is encouraging for the FPSO sector, where activity has drastically slowed. Analyst says FPSO orders will increase in 2017.

Total, Iran, South Pars, natural gas, Persian Gulf

The first part of the two-piece South Pars Phase 11 project in the Persian Gulf could cost about $2 billion.

offshore, oil, production, EIA, Saudi Arabia, Brazil, Mexico, US, Norway

Efforts from more than 50 countries pushed global offshore oil production to more than 27 million barrels per day in 2015, according to the EIA.