Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1 Billion

The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean's position in offshore drilling as Songa is Statoil's largest drilling service provider.

Aug 15 2017 - 7:25am

Canada's Husky Energy Sees Increased Acquisition Opportunities

Husky Energy is prioritizing investments in its offshore business and its integrated operations, CEO Rob Peabody said July 21.

Jul 25 2017 - 7:40am

Suriname Signs Offshore Oil Deals With ExxonMobil, Hess, Statoil

The 30-year E&P agreements involve the areas known as Block 59, to be developed by a consortium consisting of ExxonMobil and Hess, and Block 60, to be developed by Statoil.

Jul 14 2017 - 8:15am

Trump Administration Approves Eni Plan To Drill Offshore Alaska

Eni's U.S. affiliate will be allowed to explore for oil in federal waters off Alaska after the Trump administration approved a drilling plan on leases the company has been sitting on for 10 years.

Jul 13 2017 - 3:45pm

Three Companies Merge To Create SolstadFarstad

The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.

Jun 23 2017 - 8:13am

Statoil Puts Australian Bight On Exploration Lineup

The Norwegian oil and gas company has swapped interests in exploration permits with BP in the Great Australian Bight area.

Jun 9 2017 - 12:20pm

Trump Budget Proposal Includes Nearly $205 Million For BSEE

The FY 2018 budget supports oil spill research and Trump's 'America First Energy' and includes $112 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries and inspection fees.

May 25 2017 - 8:15am

BOEM Schedules Cook Inlet Lease Sale For June

Cook Inlet Oil & Gas Lease Sale 244 will offer 224 blocks toward the northern part of the federal Cook Inlet Planning Area for leasing, BOEM said May 18. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south.

May 19 2017 - 7:56am

DOE Aims To Make Business Case For Offshore Wind

Using oil and gas industry technology and land-based wind technology, the U.S. offshore wind sector could help close the gap in electrical generation by 2050.

May 15 2017 - 12:08pm

US Will Resume Review Of Atlantic Seismic Permit Applications

The move follows Secretarial Order 3350, which implements President Trump’s America-First Offshore Energy Strategy, and reverses a decision by the previous administration that ordered BOEM to deny the permit applications.

May 10 2017 - 3:58pm