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A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling…
Monday, 14 January 2019 18:28

Barclays Rejects Arctic Drilling

U.K.-based international bank Barclays  announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction…
Sinking oil prices are turning distressed US energy companies into takeover targets for opportunistic private investors who are prepared to…
Singapore-based upstream oil and gas company KrisEnergy has shut-in its producing Wassana oilfield off Thailand due to tropical storm Pabuk…
While the late 2018 oil price swoon has put a damper on an otherwise positive year for offshore energy markets,…
Wednesday, 26 December 2018 05:10

SOCAR Installs New Platform at Bulla-Deniz

A new stationary drilling platform was commissioned on Monday at the Bulla-Deniz offshore field in Azerbaijani sector of the Caspian…
Wednesday, 26 December 2018 03:16

Exxon Continues Drilling Offshore Guyana

Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela's navy…
Wednesday, 12 December 2018 07:54

Parker Drilling Files for Bankruptcy Protection

Parker Drilling files for pre-arranged Chapter 11 reorganization © Namthip / Adobe Stock Oilfield services provider Parker Drilling Co said…
Moroccan focused upstream gas company Sound Energy confirmed that the drilling at TE-10, the second well of a planned three…
The largest driller in Canada Precision Drilling Corp said it is entitled to a $20-million break fee after Ensign Energy…