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By Mike Stone (Reuters) – General Dynamics on Wednesday reported a 28% jump in its backlog due to a shipyard order for US Navy submarines. Shares fell

By Joseph Ax NEW YORK, Dec 10 (Reuters) – Democratic presidential candidate Elizabeth Warren on Tuesday proposed a “Blue New Deal” to

By Jake Spring MADRID, Dec 9 (Reuters) – Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in

By Nina Chestney LONDON, Nov 13 (Reuters) – Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric

By David Wethe and Allison Mccartney (Bloomberg) –Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a

By Renee Maltezou and Marcelo Teixeira ATHENS/SAO PAULO, Nov 6 (Reuters) – After initially naming only one ship, Brazilian authorities have added four

By Sabrina Valle, Peter Millard and Luiza Ferraz (Bloomberg) –Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after

By Peter Millard (Bloomberg) –Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the

BEIJING, Oct 24 (Reuters) – CNOOC, China’s largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its

By Bloomberg News (Bloomberg) –Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South

By Mikael Holter (Bloomberg) –The timing of Norway’s biggest oil project in decades is a bit awkward. Equinor ASA kicked off its massive Johan

By Peter Millard and Kelly Gilblom (Bloomberg) –It was supposed to be BP Plc’s big Brazilian breakthrough after years of setbacks in one of the

Offshore drilling contractor Transocean has decided to walk away from two drillships under construction at South Korea’s Samsung Heavy Industry. In a

By Thomas Pfeiffer and Ilya Khrennikov (Bloomberg) –Global warming has opened up Arctic passages to new shipping routes. Now the melting ice is handing

By Mikael Holter – (Bloomberg) –Offshore drilling executives are trying to win back investors who have fled their stocks over the past year,

By Timothy Abington and Mikael Holter (Bloomberg) –The rise of a huge new Norwegian oil field is poised to give North Sea output one of its biggest

by Omar Younis (Reuters) – Federal safety investigators on Tuesday promised an exhaustive probe into the fire that killed 34 people on a dive boat

The Norwegian Petroleum Directorate has granted its approval for the start-up of the Johan Sverdrup field in the North Sea. With expected recoverable resources

Norway-based Equinor says it has struck oil in the Sputnik exploration well located on the Norwegian Continental Shelf in the Barents Sea. Recoverable

By Jessica Resnick-Ault and Nichola Groom NEW YORK, Aug 20 (Reuters) – A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday