Offshore

Netherlands-based offshore company SBM Offshore and its U.S. subsidiary SBM Offshore USA have reached an agreement to pay a criminal penalty of $238 million to

By Mikael Holter (Bloomberg) — Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw

By Tiffany Kary (Bloomberg) — A battle of so-called bankruptcy tourists is erupting in New York court. On Thursday, New York bankruptcy Judge Martin

By Sveinung Sleire (Bloomberg) — The $1 trillion fund that Norway has amassed pumping oil and gas over two decades wants out of energy stocks. Norway,

Offshore shipping company Atlantic Offshore has secured a two-year charter with Maersk Oil in the UK for the use of the Emergency Response and Rescue (ERRV)

By Gwladys Fouche OSLO, Nov 14 (Reuters) – Norway’s plan for Arctic oil exploration is unconstitutional because it violates the right to a

Offshore drilling contractor Pacific Drilling announced on Sunday that it has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the

(Reuters) – Japan’s JERA Co, the fuel-buying joint venture of Tokyo Electric Power and Chubu Electric Power, said it received the first liquefied

By Mikael Holter (Bloomberg) — Northern Drilling Ltd., a company set up by billionaire John Fredriksen to buy offshore drilling rigs on the cheap, raised

Norway’s first offshore oil platform to be remotely operated from land has now come online with the opening of the land-based control room in Bergen,

By Ernest Scheyder and Ron Bousso HOUSTON/LONDON, Nov 8 (Reuters) – Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its

CIMC Raffles started the final series of sea trials for the ultra-deepwater drilling rig Blue Whale II in preparation for its delivery later this year.

By Aluisio Alves and Marta Nogueira SAO PAULO/RIO DE JANEIRO, Nov 6 (Reuters) – Brazil’s state-controlled oil company Petroleo Brasileiro SA has

By Mikael Holter (Bloomberg) — Oil explorers are neglecting their old hunting grounds in the North Sea, threatening to deepen an expected slump in

By David Stanway SHANGHAI, Oct 31 (Reuters) – China’s first offshore nuclear reactor is set to be completed soon, engineers involved in the project

Salvors are monitoring the 225-meter bulk carrier MV Glory Amsterdam which ran aground in the North Sea about 1.3 miles from the German island of Langeoog on

By Sabrina Valle and R.T. Watson (Bloomberg) – Leaner and fitter after three years of low prices, Big Oil is descending on Rio de Janeiro to join a

By Marianna Parraga and Alexandra Alper HOUSTON/RIO DE JANEIRO, Oct 26 (Reuters) – Brazil and Mexico are competing for a diminishing resource: the

By Alex Nussbaum (Bloomberg) — With $2.7 billion in oilfield sales this week, Hess Corp. is making a calculated bet, giving up steady production today to

The first offshore wind farm to use floating wind turbines has started producing power for the Scottish energy grid in what could be the start of offshore