The first molecule of natural gas from the Black Sea could be extracted in the first half of 2027, energy minister Bogdan ...

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.

(Reuters) - Deepwater Wind is racing to build the first U.S. offshore wind farm off Rhode Island and hopes to parlay that into a string of East Coast farms that could partially replace embattled ...

U.S. shale oil production may have peaked, with oil recovery per foot drilled in the Permian Basin declining, while deepwater oil investments are rising rapidly. Offshore discoveries in Guyana, the ...

BP plc BP, the British oil and gas giant, has awarded a contract to SBM Offshore to assist with the installation of the Kaskida semi-submersible Floating Production Unit (FPU). Per the terms of the ...

Oil India Limited (OIL) and TotalEnergies inked a "Technology Service Agreement" on Wednesday here in the national capital to strengthen strategic collaboration for exploration activities in deep and ...

Romania's OMV Petrom is on track to later this year start development drilling at the Neptun Deep offshore project in the Black Sea as the operator pursues first gas from the 'game-changing' asset in ...

LONDON (Reuters) - Drilling deep offshore oil is still profitable despite BP's disastrous spill off the Gulf of Mexico and a slide in crude prices, but costs are rising due to heightened regulation, ...

Jiangsu Rongsheng Heavy Industries Group Co Ltd began building CNOOC 201, a deepwater pipe laying and lifting vessel for China National Offshore Oil Corporation in Rugao Port of Nantong City in ...

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 ...