ExxonMobil In Talks To Expand Into Brazil, Sources Say

ExxonMobil is in talks to gain access to Brazil's deepwater oil resources, the Wall Street Journal reported April 4, citing people familiar with the matter.

Apr 4 2017 - 1:55pm

Cyprus Approves Eni, Total, Exxon Offshore Block Deals

Eni and Total are in a consortium for one of the blocks and ExxonMobil and Qatar Petroleum have joined up for another. Eni will be on its own in a third block. The blocks were offered in the third licensing round held by Cyprus, Reuters reported.

Mar 20 2017 - 8:48am

ExxonMobil Agrees To Buy Stake In Gas Block Offshore Mozambique For $2.8 Billion

ExxonMobil Corp. has agreed to pay Italy’s Eni $2.8 billion for a 25% stake in a giant Mozambique gas field to strengthen its position supplying rich Asian markets.

Mar 9 2017 - 8:16am

Statoil's Exploration Chief Sees More Drilling Offshore US, Russia

Statoil plans to drill five to seven wells in the Barents Sea in 2017 and will continue its campaign in 2018. A final decision on the company's U.S. GoM plans will come within a few weeks.

Feb 7 2017 - 1:31pm

Offshore Drillers See Gains, But Recovery Afar

The sector has benefited from OPEC’s production cut, analysts say, but declining demand remains.

Feb 6 2017 - 2:06pm

Shell Reportedly Eyeing Exit From Danish Offshore JV

Shell is seeking to sell its stake in Denmark's offshore oil and gas consortium for around $1 billion in what would mark the company's effective exit from the country, three banking sources said Feb. 6.

Feb 6 2017 - 7:55am

Malaysian Drilling Services Firm UMW-OG Will Buy Icon Offshore

"This exercise aims to create a major integrated offshore service provider with diversified earnings through exposure in the upstream and downstream segment of the oil and gas industry," said Rohaizad Darus, UMW-OG's president.

Jan 19 2017 - 8:53am

Hellenic Petroleum Is Preferred Bidder For Gas Drilling Offshore Greece

Athens tendered 20 offshore blocks in 2015 in the Ionian Sea and south of the island of Crete for deepsea oil and gas drilling, and unsealed the offers in February, Reuters reported.

Dec 6 2016 - 9:08am

Fire-Damaged Petrochemical Tanker Blocking Houston Ship Channel Is Awaiting Tow

The three refineries in Texas City, Texas, with a combined crude oil refining capacity equal to 4% of the national total, are located south of the blocked section of the channel, Reuters reported.

Dec 5 2016 - 4:12pm

Rowan And Saudi Aramco Will Form Offshore Drilling JV

Rowan will supply two more rigs in late 2018 and Saudi Aramco will make a matching cash contribution, Reuters reported.

Nov 21 2016 - 8:47am