Offshore

OSLO, June 1 (Reuters) – Norway’s biggest oil workers’ union reached a wage deal with offshore rig owners on Thursday, averting the risk of a

Maersk Drilling says it has been awarded a 150-day contract extension by ExxonMobil for the ultra-deepwater drillship Maersk Viking at a significantly lower

By Catherine Traywick and Jennifer A. Dlouhy (Bloomberg) — The White House plan to trim the national debt includes selling off half of the nation’s

By Abhishek Vishnoi and Kyunghee Park (Bloomberg) — The world’s second-largest shipbuilder has split itself into four companies, a move that would

By Shelley Goldberg (Bloomberg Prophets) — The slogan “Made in the U.S.A.” resonates with Americans, except when there’s too much of a given

By Jennifer A. Dlouhy and Kartikay Mehrotra (Bloomberg) — Environmental groups are challenging President Donald Trump’s attempt to restore

By Valerie Volcovici WASHINGTON, April 28 (Reuters) – U.S. President Donald Trump signed an executive order on Friday to extend offshore oil and gas

By Jennifer A. Dlouhy (Bloomberg) — President Donald Trump is moving aggressively to expand offshore oil drilling and to reconsider rules that

SINGAPORE, April 27 (Reuters) – Singapore’s Sembcorp Marine Ltd (Sembmarine) posted a 28 percent drop in its first-quarter profit as rig orders

by Jess Shankleman (Bloomberg) Offshore wind turbines are about to become higher than the Eiffel Tower, allowing the industry to supply subsidy-free clean

by Jessica Shankleman, Brian Parkin and Anna Hirtenstein (Bloomberg) — Offshore wind turbines are about to become higher than the Eiffel Tower,

By Serene Cheong (Bloomberg) — Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, saying it’s the season to have faith in raw

Crude oil production in U.S. federal waters in the Gulf of Mexico (GOM) set an annual high of 1.6 million barrels per day (b/d) in 2016, surpassing the

By Jennifer A. Dlouhy (Bloomberg) — President Donald Trump is preparing to issue an executive order with the goal of giving oil companies more

By Mikael Holter (Bloomberg) — Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping

by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged

by Justin Bachman (Bloomberg) At the helicopter industry’s largest trade show last week, dozens of aircraft were parked over 7 acres of Dallas convention

The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semi-submersible

OSLO, March 13 (Reuters) – Billionaire investor John Fredriksen has agreed to buy an oil drilling vessel from South Korean shipyard Hyundai Samho Heavy

By Jessica Shankleman and Brian Parkin (Bloomberg) — Water and electric power plants don’t mix well naturally, unless you add some wind. Water tends to