President Biden’s Oil and Gas Leasing Freeze Reinstated by Court

By Laurel Calkins and Jennifer A. Dlouhy (Bloomberg) — President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a US appeals court…

By Laurel Calkins and Jennifer A. Dlouhy (Bloomberg) — President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a US appeals court...

Keppel Lands $2.9 Billion Contract to Construct One of the World’s Largest FPSOs

Singaporean shipbuilder Keppel Offshore & Marine has won a $2.9 billion contract to construct one of the world’s largest FPSOs for Brazil’s national oil company Petrobras. The contract covers the…

Singaporean shipbuilder Keppel Offshore & Marine has won a $2.9 billion contract to construct one of the world’s largest FPSOs for Brazil’s national oil company Petrobras. The contract covers the...

U.S. Offshore Oil Output To Restart After Pipeline Fix

By Laila Kearney New York,(Reuters) – A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to…

By Laila Kearney New York,(Reuters) – A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to...

Production Halted at Multiple Gulf of Mexico Deepwater Platforms Due to Pipeline Leak

By Arathy Somasekhar and Laila Kearney HOUSTON, Aug 11 (Reuters) – U.S. offshore oil producers Shell, Chevron and Equinor on Thursday halted operations at facilities pumping hundreds of thousands of barrels of oil per day,…

By Arathy Somasekhar and Laila Kearney HOUSTON, Aug 11 (Reuters) – U.S. offshore oil producers Shell, Chevron and Equinor on Thursday halted operations at facilities pumping hundreds of thousands of barrels of oil per day,...

Keppel Terminates More Contracts Linked to 2010s Offshore Boom

Singaporean rigbuilder Keppel O&M has announced the termination of contracts over failure of clients to make final payments and take delivery. The terminations are the latest linked to abandoned assets…

Singaporean rigbuilder Keppel O&M has announced the termination of contracts over failure of clients to make final payments and take delivery. The terminations are the latest linked to abandoned assets...

Turkey’s Sends New Drillship to Mediterranean

ISTANBUL, Aug 9 (Reuters) – Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two year hiatus, though President Tayyip Erdogan said its new drill ship would operate…

ISTANBUL, Aug 9 (Reuters) – Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two year hiatus, though President Tayyip Erdogan said its new drill ship would operate...

Tidewater Confirms ‘Inflection Point’ in Offshore Support Vessel Market

Houston-based Tidewater Inc. (NYSE: TDW), owner and operators of the world’s largest fleet of offshore support vessels, says this year has marked an inflection point for the industry with ket…

Houston-based Tidewater Inc. (NYSE: TDW), owner and operators of the world’s largest fleet of offshore support vessels, says this year has marked an inflection point for the industry with ket...

Transocean Says Offshore Drilling Market Rebounding After ‘Extremely Challenging’ Eight Years

Offshore drilling contractor Transocean says the market for offshore drilling services is clearly recovering after eight “extremely challenging” years for the industry. Transocean on Monday reported second quarter 2022 results,…

Offshore drilling contractor Transocean says the market for offshore drilling services is clearly recovering after eight “extremely challenging” years for the industry. Transocean on Monday reported second quarter 2022 results,...

Keppel Profit Rises Amid Rebound in Offshore and Marine Unit

By Harish Sridharan July 28 (Reuters) – Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound…

By Harish Sridharan July 28 (Reuters) – Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound...

Subsea 7 and Van Oord Picked to Lay Pipe for Guyana’s ‘Gas to Energy’ Project

Subsea 7 and Van Oord have been awarded a large contract from ExxonMobil affiliate Esso Exploration and Production Guyana Limited for the Gas to Energy project offshore Guyana. The scope…

Subsea 7 and Van Oord have been awarded a large contract from ExxonMobil affiliate Esso Exploration and Production Guyana Limited for the Gas to Energy project offshore Guyana. The scope...