Recent discoveries in Guyana and Namibia have reignited interest in deepwater oil exploration, offering high returns for major oil companies. Despite forecasts of peak oil demand, Big Oil is investing ...

Chevron has expanded its offshore exploration footprint in Greece after agreeing to acquire a majority stake in Block 10, an offshore concession in the Southern Ionian Sea, from Greek energy company ...

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, ...

Offshore rig contractor Noble Corporation’s NE CEO, Robert Eifler, recently shed light on the future of deepwater drilling, predicting that dayrates for rigs could rise to $600,000 per day by 2026.

U.S. shale oil production may have peaked, with oil recovery per foot drilled in the Permian Basin declining, while deepwater oil investments are rising rapidly. Offshore discoveries in Guyana, the ...

TechnipFMC plc FTI and Cairn Oil & Gas have entered into a strategic alliance to fast-track deepwater projects in India. The collaboration will tap TechnipFMC’s expertise and cutting-edge technologies ...

Oil India Ltd’s second natural gas discovery at the Vijayapuram-3 well in the Andaman offshore block boosts India’s Samudra ...

Occidental Petroleum is acquiring a 10% ‌stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter.

My Alerts is a service for subscribers. Please login or subscribe in order to use My Alerts. Petrobras has made a return to wildcatting in the deep-water section of the Espirito Santo basin after a ...