While cash helps, it will not wipe away all woes for the offshore drilling contractor that is depending on its ‘premium fleet’ among other qualities to weather the downturn.
The import-dependent nation is in the aftermath of its most successful licensing round, with attention on its Atlantic Margin emerging frontier area.
Production from the field is pushing Petrobas closer to its 1-MMbbl/d presalt goal
Unique pairing of a hydraulic jet pump and an automatic downhole master valve provided a safe and economic solution for an offshore Alaska well.
Eni’s Goliat development represents much of what is both best and worst about offshore megaprojects, a technological marvel but with giant-sized budget and schedule challenges.
Fugro has a new AUV (Autonomous Underwater Vehicle) to play with, after recently taking delivery of the Hugin 1000 AUV, E...
BW Offshore has sold the VLCC BW Opal...
An FPSO, export pipeline and floating liquefaction solution is on the drawing board for an ultradeepwater gas discovery in the South China Sea operated by CNOOC.
DNV GL is leading a Joint Industry Project (JIP) aimed at solving the challenges brought about by sour service fluids from wells and the demands it places on pipeline material.
Odfjell Drilling expects the deepwater rig market to remain weak over the next couple of years, due to the continued delivery of newbuild units and oil companies’ increased cost focus and capital discipline.