The offshore drilling industry has experienced a decade of active M&A, primarily led by the “Big 3” offshore drilling companies.
AI and video analytics technologies are transforming oil spill detection and response, delivering 24/7 monitoring capabilities and early warning systems to safeguard marine ecosystems and coastal economies from devastating environmental disasters.
Cloud-based remote virtual office system enables component testing prior to offshore deployment.
New Brazilian legislation aims to spur industry sector growth, says US Commercial Service official.
PTTEP Mexico E&P has agreed to sell its 16.67% interest in the Block 29 (2.4) Project.
Westwood analysis shows Namibia is the most promising deepwater rig demand hotspot. Exploration of Namibia’s Upper and Lower Cretaceous plays in the offshore Orange Basin have delivered nearly 5 Bbbl from nine wells since 2022, according to Westwood Global Energy Group. The seven exploration wells that followed up the Graff and Venus play opening discoveries…
Despite Saudi Aramco releasing a number of jackup rigs, the international jackup market remains robust. According to Evercore ISI’s latest Offshore Oracle report, the release of around 22 rigs so far this year has raised questions about the future of the Middle East jackup market, a region historically known for absorbing global assets. Saudi Aramco’s…
OTS Offshore & Trading Service: A Leader in Offshore Solutions Established in 2016, OTS Offshore & Trading Service has quickly emerged as a reputable and trusted partner in the global oil and gas industry. Specializing in a comprehensive range of offshore solutions, OTS Offshore stands out for its commitment to quality, safety, and operational excellence….
The Codling Wind Park joint venture partners will submit a planning application shortly to Ireland’s An Bord Pleanála.
Talos Energy has announced that Tim Duncan has stepped down from his role as president and CEO, effective Aug. 29, and an interim CEO has been selected.
