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.
The company is gearing up to roll out its “rig of the future” next year as its Cameron Group looks for further subsea tieback growth opportunities.
Finding new cost-saving, quicker subsea solutions for deepwater projects are part of the quest for most oil and gas companies.
The two companies have teamed up to push out a modular well completions system for the offshore oil and gas industry.
Karoon Gas Australia is the latest company to be granted an exploration permit for Australia’s Bight Basin.
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.