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 ...

Murphy Oil has secured an agreement to operate Morocco’s Gharb Deep Offshore deepwater block, the US independent revealed Wednesday in its fourth quarter earnings report. The block covers more than 4 ...

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

On the regulatory front, NOAA announced revisions to the regulations for exploration licenses and commercial recovery permit applications under the Deep Seabed Hard Mineral Resources Act (DSHMRA), a ...

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 ...

While fishermen continue to haul in golden tilefish out in the deep offshore, fluke fishermen have had it with the south wind inshore. If there is one theme to this summer so far, it is the south wind ...

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 ...

The awarding of the contract for an ultra-deepwater Trion project offshore Mexico is more than just another deal. The contract awarded by Trion’s operator will see SLB employ its artificial ...

Total has finalized the acquisition of a 36% interest in deep offshore Oil Prospecting Lease, operated by Chevron. OPL 247 lies around 150 kilometers offshore southeast Nigeria in water depths of ...

Taking into account the strategic importance of the Neptun Dep offshore natural gas project, but also the risks in the area, the Ministry of Defence assured that the maritime space is "permanently ...

India has launched a renewed push to tap oil and gas resources hidden deep beneath the seas as it looks to reduce its heavy dependence on energy imports. The National Deep Water Exploration Mission, ...