Around a fifth of the oil consumed globally passes through the nearby Strait of Hormuz.
An offshore platform, operated by Pars Oil and Gas Compan (POGC), caught fire in the Persian Gulf offshore Iran on Wednesday.
Iran has completed the construction of the topside for the second main platform which is part of Phase 14 of the South Pars gas field development.
As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new projects. However, hasty sanctioning can lead to less certainty of what the ultimate cost of any given project will be, according t
Energy services company Shawcor has scored contracts to provide pipe coating services across projects operated by Shell, Petrobras, ConocoPhillips, BP, Neptune. Shawcor, listed on the Toronto Stock Exchange, said on Tuesday that the contracts were signed with an international EPC contractor. The com
China’s Shanghai Waigaoqiao Shipbuilding (SWS) has launched a jack-up rig being built for Northern Offshore, under the order signed back in 2014.
Offshore Energy Today’s most popular news of the past week.
The worldwide offshore rig count in May 2019 dropped by 11 units sequentially but was up 43 rigs year-over-year, according to monthly rig count reports by Baker Hughes.
Offshore Energy Today’s most popular news of the past week.
Gulf Marine Services has secured more work and says it sees an uptick in demand for its vessels
Qatar Petroleum has awarded the FEED contract for the North Field Expansion Project’s offshore pipelines and topsides facilities to McDermott.
Offshore Energy Today’s most popular news of the past week.
Recent long-term offshore drilling contract awards might not fit with investors’ expectations, but it’s the expectations that are the problem, not the reality.
Israeli utility Naphtha Israel is set to buy Isramco, a company with oil and gas assets in offshore Israel and onshore in the U.S.
