Deepwater expenditure is expected to increase by 69%, compared to the preceding five-year period, totalling $210 billion (bn) from 2015 to 2019, Douglas Westwood, an energy intelligence group has said.

Bibby Subsea, Bibby Offshore’s Houston-based division, has commissioned two HD work-class ROVs (Remote Operated Vehicles) designed by FMC Technologies Schilling Robotics.

Greenpeace has released a video showing the daring moment they scaled a Shell Drilling Rig that was in transport to the Arctic.

Royal Dutch Shell has filed a complaint to a federal court in Alaska asking for an order to remove six Greenpeace activists who climbed aboard the Polar Pioneer drilling rig on Monday.

The consortium between McDermott and a consortium partner has been awarded the SURF engineering, product supply and installation scope for the Atlanta Early Production System (EPS) in the Santos Basin offshore Brazil by Brazilian exploration and production company Queiroz Galvão Exploração e Produção S.

AKD Engineering Ltd, a UK company offering engineering, manufacturing and offshore services will close its business this year.

Russian energy producer Rosneft may have to delay development of its liquefied natural gas (LNG) plant on the Pacific island of Sakhalin for at least two years, sources said, after prices fell and financing all but dried up due to Western sanctions.

Norway’s Statoil has told Offshore Energy Today that the company has plugged and abandoned its Yeti wildcat located in the U.

Investor positions in Brent crude oil futures have risen to a historic high and outnumbered contracts in U.

Brent crude oil fell below $58 a barrel on Tuesday on signs of growing oversupply as Iranian officials visited Beijing to seek more oil sales after a framework nuclear deal that could lead to the lifting of sanctions.