Category: Offshore

FMC Technology profit rises 46 percent

FMC Technologies on Tuesday posted a 46 percent boost to its third-quarter bottom line, largely because of a rise in subsea technology sales and its North American high-pressure fluid control business.  More »

Feds settle Gulf pollution case

A Houston oil and gas company must pay to settle government charges alleging it illegally dumped oil and chemicals into the Gulf of Mexico.  More »

Feds move ahead with central Gulf auction

The Obama administration is moving ahead with plans to sell offshore drilling rights in the central Gulf of Mexico.  More »

Ocean Rig Partners files for $305 million IPO

Offshore oil driller Ocean Rig Partners has filed for a $305 million initial public offering as it anticipates four next-generation deep-water drillships to be assembled over the next three years.  More »

Endeavour International oil field in North Sea back online

Houston oil explorer Endeavour International Corp. got a bit of good news Wednesday in the midst of seeking bankruptcy protection: One of its biggest oil fields in the UK North Sea is back online.  More »

Statoil announces Tanzania gas discovery

The Norwegian energy company has had a presence in Tanzania since 2007.  More »

GE to buy helicopter fleet for $1.8 billion

General Electric said it will use the helicopters to transport drilling rig crews to offshore platforms.  More »

OneSubsea gets $270 million for Pemex’s first deepwater subsea field

OneSubsea announced Monday that it won a $270 million contract to develop a subsea production system for Pemex that will serve the first deepwater subsea field developed by Pemex, Mexico’s national oil company.  More »

Houston oil firm in North Sea files for bankruptcy protection

Disruptions at its oil fields in the U.K. North Sea and a high level of debt have driven Houston-based Endeavour International to file for Chapter 11 bankruptcy.  More »

Lego to scrap Shell deal after Arctic protest

Environmental activists Greenpeace launched in July a video showing an Arctic landscape with a Shell drilling platform made of Lego bricks covered in oil.  More »

Shell begins production from its first deepwater Malaysia project

The project could eventually lead to peak production of 135,000 barrels of oil per day for a joint venture including ConocoPhillips and Shell.  More »

ConocoPhillips strikes oil off Senegal

The company said further evaluation would be needed to determine whether or not the well had reached enough oil to make producing it commercially viable.  More »
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