On the regulatory front, NOAA announced revisions to the regulations for exploration licenses and commercial recovery permit applications under the Deep Seabed Hard Mineral Resources Act (DSHMRA), a ...

Rystad: offshore oil and gas investment to reach $104 billion in 2024. The Financial Times reported this week that in 2025, offshore oil will account for more non-OPEC oil supply than U.S. shale oil.

The first molecule of natural gas from the Black Sea could be extracted in the first half of 2027, energy minister Bogdan ...

Taking into account the strategic importance of the Neptun Dep offshore natural gas project, but also the risks in the area, the Ministry of Defence assured that the maritime space is "permanently ...

Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia's Caribbean waters in search of natural gas and oil. Image by JosephineLi via iStock The oil industry is ...

New Delhi: State-run Oil India Ltd (OIL) and French energy major TotalEnergies have joined hands for the exploration of deep and ultra-deepwater offshore basins in the country. In a statement on ...

Federal licensing of offshore deepwater port facilities will shift to the U.S. Maritime Administration, a change intended to ...

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 ...