Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slump that could dramatically rewrite market supply predictions.
A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico and off of South America significantly boosting...
MacGregor, part of Cargotec, has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater Floating Production Unit (FPU) located on the China Sea Lingshui 17-2 gas field.
The order is booked into Cargotec’s third quarter of 2019 order...
ENI and Total will explore Caspian oil and gas blocks in offshore Kazakhstan, targeting Abay and Kashagan, plus onshore Karachaganak and Dunga. ENI is focused on exploration offshore in Kazakhstan while Total works onshore.
Kazakhstan’s state-owned KazMunayGas and Eni Isatay, a subsidiary of the Italian energy company Eni, plan to...
Plastic waste and microplastics pollutes the entire Northern Sea Route, Russian scientists have confirmed. The results of a recent expedition may provide crucial information about how some of the world’s most remote ocean areas are affected by the global issue of microplastics.
The Russian newspaper Izvestiya this week reported about...
The Malampaya gasfield guarantees Philippine energy security, but it runs dry soon and gas producers fear new fields are too near to the South China Sea.
About 80 km off the northwest coast of Palawan Island in the South China Sea is the Malampaya natural gas field, the Philippines’ main...
A joint venture between Novatek and Sovcomflot will develop and run a powerful new fleet of Arctic tankers. The two companies signed the deal that formally establishes the new joint venture during this week’s Eastern Economic Forum in Vladivostok.
The vessels will all have top Arc7 ice standards and be...
Lukoil has closed on its $800 million purchase of a 25% non-operating interest in the Marine XII License area operated offshore Congo by ENI. African Global energy was the seller.
New Age (African Global Energy) Limited (‘New Age’ or ‘the Company’) announces that its subsidiary New Age M12 Holdings Limited...
Baker Hughes, a GE company, announced the newest launch of its Bently Nevada Business business unit. Bently's Orbit 60 Series is its next-generation condition monitoring and protection platform.
Advantages of the Orbit 60 series according to a BHGE press release includes the following:
• ...
Turkey will drill offshore in the EastMed (Eastern Mediterranean) and press its claims to hydrocarbon deposits offshore Cyprus despite EC (European Union) restrictions.
Turkey has the longest coastline of any Mediterranean country. It has on every possible occasion conveyed its commitment to the protection of its sovereign rights in the...
Greek Cyprus on Tuesday rejected a proposal by the Turkish Republic of Northern Cyprus (TRNC) to establish a cooperation mechanism to address sharing of hydrocarbon resources in the Eastern Mediterranean.
TRNC President Mustafa Akıncı presented the proposal through the United Nations last week, calling for the joint use of Cypriot...
