Lower demand, a flood of newbuilds, reduced rig rates and spending cutbacks by oil and gas companies have cast a cloud over the offshore drilling market.
Oil and gas companies are pursuing E&P plans in the Mediterranean Sea from the Spanish shores to the Israeli coast.
The Eastern Gulf of Mexico and the Pacific Outer Continental Shelf have vast potential, NOIA and API surveys conclude.
Apache Energy's ambitious plans include a major investment in the subsea fields, primarily Ness...
Noble Corp., in the midst of receiving the last in the chain of its newbuild rigs this year, is pushing ahead with its plans to pursue the development of a ...
GE Oil & Gas is to supply Petronas of Malaysia with turbomachinery for the operator’s second Floating LNG facility, the PFLNG II.