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New wells drilled to the moon and back by 2023

Rystad Energy forecasts that more than 1 million kilometers of new oil and gas wells will be drilled over the next five years. The Norway-based...

Stones: World’s deepest offshore oil & gas project

Stones is the world’s deepest oil and gas project, operating in around 2,900 metres (9,500 feet) of water in an ultra-deep area of the...

Transocean shares outlook for offshore drilling

(Market Realist) In its 2Q17 conference call, Transocean (RIG) shared its outlook for the offshore drilling market. The company’s view of the industry could also...

Chinese oil & gas companies come big at OTC

A number of Chinese companies participated in the 48th Offshore Technology Conference (OTC), which kicked off Monday in Houston. Although the organizer did not give...