Seadrill Warns That Chapter 11 is Likely

By MarEx 2017-07-26 20:29:13

In a notice to investors Wednesday, John Fredriksen-controlled Seadrill announced that it has reached an agreement to extend its restructuring negotiations until...


Exxon Strikes Oil Again Off Guyana

By MarEx 2017-07-25 20:05:50

Exxon Mobil said Tuesday that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels...


Shell's Prelude FLNG Reaches Australian Waters

By MarEx 2017-07-25 19:24:36

Shell Australia announced Monday that its Prelude floating liquefied natural gas (FLNG) facility has arrived in Australian waters. Shell Australia Chairman Zoe...


Petronas Cancels Giant B.C. LNG Terminal

By MarEx 2017-07-25 18:35:25

Petronas subsidiary Pacific NorthWest LNG (PNW LNG) announced Tuesday that its proposed $36 billion liquefaction plant in Port Edward, British Columbia has been...


Vietnam Halts South China Sea E&P After Chinese Threats

By MarEx 2017-07-25 16:51:18

Following alleged "threats" from China, Vietnam has ordered Spanish oil firm Repsol to halt E&P activity at Block 136-03, an exploration lease located near...


Drone Completes Over-the-Horizon Platform Inspection

By MarEx 2017-07-25 13:27:52

UK-based startup FlyLogix, an operator of inspection drones for the offshore industry, says that it has completed the longest-distance civilian drone flight in Britain...


Diamond and Huisman Design Next-Generation Drillship

By MarEx 2017-07-21 14:12:14

Financial advising firm Evercore ISI has released a new report on drilling technology, with a primary focus on Diamond Offshore / Huisman's "Floating Factory"...


Australian LNG Exports Set to Grow Rapidly Next Year

By MarEx 2017-07-20 18:27:34

Energy consulting firm EnergyQuest says that Australian LNG exports will grow by 23 percent over the next twelve months to reach a total of 63 million tonnes per...


Private Oil Firms Announce Major Finds Off Mexico

By MarEx 2017-07-17 20:39:14

In 2014, Mexico ended its state monopoly on offshore oil exploration in a bet that private operators would be able to locate and exploit new resources. Last week, that bet...


Maersk Drilling and GE Expand Digitalization Efforts

By MarEx 2017-07-17 14:13:50

Maersk Drilling and GE announced Monday that they will expand the scope of their 2016 digitalization pilot project—one vessel, one asset, one year—to nine more...

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