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By Mikael Holter (Bloomberg) — Statoil ASA, one of many international oil companies to slash spending during crude’s collapse, is increasing

One person has died and a search and rescue is underway for 9 others missing after a part of an oil installation collapsed in strong winds in the Caspian

By Mikael Holter (Bloomberg) — Oil and gas companies in Norway cut spending forecasts for 2017, deepening what was already a record reduction in offshore

By Paul Burkhardt (Bloomberg) — Drillers burned by a two-year slump in crude prices are slowing exploration of deep-water prospects off the coast of

By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a 15 percent fall in third-quarter sales as output

Maersk Drilling has announced that it is reducing its headcount at its main office in Copenhagen by about 70 positions. “This is a response to the

Cruise ship giant Carnival Corporation has signed an agreement with Royal Dutch Shell to supply the liquified natural gas bunker fuel for the world’s

LUANDA, Sept 27 (Reuters) – Four people died and two were missing after a helicopter crashed en route to a Chevron oil platform off the Angolan coast,

By Jonathan Burgos (Bloomberg) — Ezra Holdings Ltd. is leading a rebound among Singapore oil-services providers this month, after bearish bets

By Jacob Gronholt-Pedersen COPENHAGEN, Sept 22 (Reuters) – Denmark’s A.P. Moller-Maersk , the world’s largest container shipping group, is

By Mikael Holter (Bloomberg) — Offshore oil-rig operators, grappling with the biggest industry downturn in a generation, say they finally have the bottom

By Ron Bousso (Reuters) Israel has overcome delays to the exploration and development of its offshore oblatural gas fields and wants to

German state-controlled lender NordLB has agreed to take full control of its loss-making Bremer Landesbank (BLB) unit, which is suffering from a weak shipping

By David Wainer (Bloomberg) — Israel’s Energy Minister Yuval Steinitz is out to persuade big energy explorers put off by years of regulatory turmoil to

By Stine Jacobsen STAVANGER, Norway, Aug 30 (Reuters) – Restructuring the debt of struggling offshore oil service vessel (OSV) and drilling rig companies

by Mikael Holter (Bloomberg) Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year,

Oil services firm Solstad Offshore, which has a fleet of 44 wholly owned or partly owned vessels, reported a drop in operating profit to NOK 98 million in Q2

A U.S. Navy video obtained by USNI News shows the moment four Iranian Revolutionary Guard patrol boats approached the guided-missile destroyer USS Nitz earlier

OSLO, Aug 25 (Reuters) – Norway-listed offshore driller Seadrill, once the crown jewel in the business empire of shipping tycoon John Fredriksen, said

The International Transport Workers Federation is slamming offshore oil companies operating in North Sea after a report claimed that many are using