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It's hard to make money in deepwater, even with billions of barrels to produce

After oil prices plunged in 2014, the Libra discovery, which could be the largest in Brazil’s prolific pre-salt offshore play, looked like an iffy proposition. “We worried at that time: Do we have a future for a deepwater project?&rdqu...

26/06/2017 Read

Maersk’s offshore business pushes delivery of nine ships

Maersk Supply Service, a part of Danish shipping and offshore energy conglomerate Maersk Group, has entered into agreements with two yards to postpone delivery of a total of nine newbuildings. The vessels in question include five anchor handling v...

26/06/2017 Read

Trump to call for U.S. oil ‘Dominance’

Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance. The president also plans to emphasize that after decades of relying on foreign...

26/06/2017 Read

Shell picks up Aban jack-up for Brunei work

India’s Aban Offshore has been awarded a five-year contract plus options for one if its jack-up rigs by Shell in Brunei.  According to a Friday statement by Deep Drilling 1 PTE. LTD, Aban’s subsidiary, the contract has b...

23/06/2017 Read

Ritz-Carlton launching luxury cruise line with three new ships

By Nikki Ekstein (Bloomberg) — Want to cash in your SPG and Marriott points for a yacht cruise? That may soon be possible, as Ritz-Carlton, Marriott International Inc.’s flagship luxury brand, announced a seafaring expansion Thursday....

23/06/2017 Read

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