Shell has begun oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's Campos Basin.
BG's drill-stem test of its Jodari gas discovery on block 1 offshore Tanzania has confirmed the "excellent" quality of the Tertiary reservoir.
The market outlook for subsea continues to strengthen and build momentum.
Oil and gas explorer Sterling Resources said today it is no longer looking to sell off its stake in a North Sea field after signing a deal which could be worth around £48million for some of its Romania assets.
AN ENERGY company has revealed plans for more than 400 wind turbines in the Moray Firth.
DAVID Cameron yesterday signalled support for deep-water oil drilling in UK waters.
GLOBAL offshore drilling giant Transocean has made a £879million bid for Aker Drilling, of Norway, in a move that would boost its ultra-deepwater fleet and its foothold offshore the Nordic country.
The freshwater content of the upper Arctic Ocean has increased by about 20% since the 1990s, according to a new large-scale assessment.
Greenpeace protesters boarded a drilling ship yesterday to try to stop it heading for a deep water well in the North Sea.
BRAZILIAN state operator Petrobras expects to spend about $300million on exploring its Turkish Black Sea concessions over the next two years, according to the company's international director, Jorge Zelada.
ENGINEERING specialist STATS Group is to set up a branch in Texas.
ExxonMobil says it has discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80billion barrels, it was reported yesterday.