Rystad: offshore oil and gas investment to reach $104 billion in 2024. The Financial Times reported this week that in 2025, offshore oil will account for more non-OPEC oil supply than U.S. shale oil.

The international contractor of offshore deepwater drilling services Ocean Rig UDW has entered into a new drilling contract with Chariot Oil & Gas Limited for a one-well drilling program, for drilling ...

Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia's Caribbean waters in search of natural gas and oil. Image by JosephineLi via iStock The oil industry is ...

Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B ...

Murphy Oil has secured an agreement to operate Morocco’s Gharb Deep Offshore deepwater block, the US independent revealed ...

New Delhi: State-run Oil India Ltd (OIL) and French energy major TotalEnergies have joined hands for the exploration of deep and ultra-deepwater offshore basins in the country. In a statement on ...

Overseas offshore assets in Mozambique and Brazil seen as training ground for India’s Samudra Manthan deepwater push.

Contract driller Ensco ESV boasts a fleet of seven ultra-deepwater drillships, 20 semisubmersible rigs and 49 premium jack-up rigs. The firm stands to thrive in the near term because it owns one of ...

Total will acquire interests in licenses OPL 285 and OPL 279 offshore Nigeria. Total has signed an agreement with OMEL Energy Nigeria Limited (OENL) and OMEL Exploration and Production Nigeria Limited ...