offshore

Chevron, ConocoPhillips, Equinor, Shell, and Total are among nine firms looking to explore the Pearl River Mouth Basin.

The oilfield services sector showed steady revenue growth in 2018 thanks, in part, to increased project sanctioning. With the oil price falling $20 in the past 2 months, however, the future may be murkier than expected.

Financially healthier than in years past, operators are prepared to stave off the negative impacts of volatile oil markets in 2019 and advance their exploration and development programs.

The small Gulf-nation is expanding its upstream portfolio to include some of the hottest exploration areas.

The Pluma-1 discovery could turn the southeast portion of Stabroek Block off Guyana "into a major new development area," the company says.

A shut-in subsea flowline is believed to be the source of the spill on Husky Energy’s SeaRose FPSO offshore Newfoundland and Labrador. The spill is believed to be the largest in the history of the Canadian province.

While US onshore still holds an edge, international oil companies are finding attractive options for diversifying their portfolios, mixing onshore with offshore conventional fields, where finding and development costs are down , and the time it takes to bring them on line.

Coring is essential to offshore exploration programs—but sometimes cores are taken from the wrong formation or return to surface in poor condition. One firm thinks it can solve these costly issues with a first-of-a-kind coring device that uses logging instruments that add accuracy and integrity.

Figures from a 2017 study on trends in risk level in the petroleum activity show progress for a number of risk indicators. But serious personal injuries are growing, while feedback on the working environment, the HSE climate and perceived risk is moving in the wrong direction.

The Health and Safety Executive (HSE) has warned the UK’s offshore oil and gas operators that they must do more to tackle hydrocarbon releases in the North Sea after coming “perilously close to disaster” in recent years.