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By Laura Hurst and Amanda Jordan (Bloomberg) –BP Plc will make the biggest writedown on the value of its business since the Deepwater Horizon disaster a

By Lars Erik Taraldsen and Mikael Holter (Bloomberg) –Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has

HOUSTON, June 8 (Reuters) – Energy companies on Monday began preparations to resume oil and gas production in the U.S. Gulf of Mexico, a day after

By Jonathan Saul, Devika Krishna Kumar and Matt Spetalnick LONDON/NEW YORK/WASHINGTON, June 5 (Reuters) – The United States is considering imposing

By Peter Millard, Laura Hurst and David Wethe (Bloomberg) –Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and

By Brian K. Sullivan (Bloomberg) –Tropical Storm Cristobal, now gaining strength in the southern Gulf of Mexico, could grow into a hurricane as it moves

ACCRA, May 29 (Reuters) – Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana’s Atlantic

By Kevin Crowley and Rachel Adams-Heard (Bloomberg) –Chevron Corp. is planning a 10% to 15% reduction in its global workforce this year, the biggest cut

By Gram Slattery and Marta Nogueira RIO DE JANEIRO, May 26 (Reuters) – Norway’s Equinor ASA , Brazil’s Dommo Energia SA and Anglo-French firm

(Bloomberg) — Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and

By Paula Seligson, Jonathan Levin and Crystal Tse (Bloomberg) — Norwegian Cruise Line Holdings Ltd. is pledging ships and two islands as part of a plan

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