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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

By Jennifer A. Dlouhy – (Bloomberg) –The Trump administration is readying a plan to end direct federal regulation of methane leaks from oil and gas

By Ron Bousso LONDON, Aug 13 (Reuters) – Exxon Mobil is considering a sale of its assets in the British North Sea after more than 50 years in the

By Kiran Dhillon (Bloomberg) –The international oil benchmark closed below $60 dollars a barrel for the first time in almost two months as worsening

SINGAPORE (Reuters) – Singaporean rig builder Sembcorp Marine on Tuesday posted a narrower second-quarter loss, but said it expected losses for the