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BY GWLADYS FOUCHE AND STEPHEN JEWKES (Reuters) European suppliers to the oil industry, hit by their customers’ spending cutbacks over the past two years,

(Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus

South Korean shipbuilder Hyundai Heavy Industries says it has delivered the world’s largest semi-submersible drilling rig to Diamond Offshore. The rig,

(Reuters) Asian prices for liquefied natural gas (LNG) were set to rise next week on strong prompt demand from Argentina and India as well as potentially

by Jennifer A. Dlouhy (Bloomberg) — Environmental activists who dangled from bridges and paddled kayaks around an Arctic rig have a new strategy for

Uhhh, was that supposed to happen like that? Seriously, was that planned? Kind of seems like that it was. I don’t know under what circumstance anyone

By Jennifer A. Dlouhy (Bloomberg) — After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell,

DONG Energy has declared option for a second wind turbine Service Operation Vessel with Norwegian-based shipping company Østensjø Rederi requiring the

By Luca Casiraghi and Mikael Holter (Bloomberg) — A bargain for shipping tycoon George Economou is bad news for creditors holding $24 billion of

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is adapting its cost base to prepare for the risk of lower crude prices as the world keeps

By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder, said an order to build three floating liquefied

The U.S Bureau of Safety and Environmental Enforcement (BSEE) has determined the designs exisint offshore platforms are strong enough to survive extreme

Italian oil company Eni Norge this week officially inaugurated its Goliat oil field in Norway, marking the first oil field to come on stream in the

By Jennifer A. Dlouhy (Bloomberg) — Congressman Steve Scalise leaned over the railing of the Chevron Corp. oil platform floating in inky blue waters 250

Statoil has published the annual sustainability report and the payments to governments report for 2015. The company delivered annual equity production of 1.971

The Bureau of Ocean Energy Management (BOEM) is proposing to update 36-year-old regulations to make sure that offshore oil and gas activities do not

A Petrobras FPSO in Brazil’s Campos Basin has been shutdown after a fire on the facility on Thursday afternoon. The state-run oil company confirmed the

By Harry R. Weber (Bloomberg) — The tanker carrying the first cargo of natural gas from U.S. shale formations was entering Brazil on Tuesday after

Island Offshore has announced the lay ups of its two platform supply vessels (PSVs), Island Dragon and Island Duchess, effectively immediately, pushing

For full-year 2015, Bourbon Offshore reported a loss of €76.6 million (US$85 million), attributed to a reduced utilization rate and an unrealized foreign