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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

By Eddie Spence (Bloomberg) –The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in

By Archana Narayanan and Alaa Shahine (Bloomberg) –DP World Plc is hiring banks to raise about $1 billion of bonds to finance the acquisition of Topaz

By Valerie Volcovici WASHINGTON, June 11 (Reuters) – A coalition of environmental groups on Tuesday filed a lawsuit challenging the U.S. Interior

By Christopher Martin (Bloomberg) — Want to spruce up your downtown, or maybe get $10 million to support workforce training at the local college? How

By Jennifer A. Dlouhy (Bloomberg) — The Trump administration is poised to relax offshore drilling requirements imposed in response to the

By Jennifer Hiller HOUSTON, April 24 (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko

SINGAPORE, April 18 (Reuters) – Singapore conglomerate Keppel Corp is planning to 1,800 staff this year at its offshore and marine business, the first

By Valerie Volcovici April 17 (Reuters) – South Carolina’s Republican-majority Senate is poised to advance a measure this week that would require