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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

A new report by the International Research Institute of Stavanger showed that oil and gas industry will need to recruit more than 20,000 workers by 2020 in

Aker Solutions will perform a concept study on a new processing platform for future phases of Johan Sverdrup field in Norway’s North Sea. Under the

The prolonged slump in the offshore oil and gas market has Norwegian offshore service specialists Eidesvik turning to offshore wind for work amid

(Bloomberg) — Mainstream Renewable Power Ltd. said it’s in talks with a consortium led by power company InterGen NV to reach a financial close on its

Dubai-based Polarcus is in the process of acquiring an ultra-wide 3D marine seismic project offshore Myanmar, and is breaking acquisition performance records

By Kyunghee Park and Jonathan Burgos (Bloomberg) — Keppel Corp.’s uncertainties about the oil- rig market are set to continue after a key customer in