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BP ($BP) cuts in oil exploration could hurt struggling offshore exploration companies like Transocean ($RIG). UK oil major BP has drastically scaled back the

By Andres Guerra Luz and Saket Sundria (Bloomberg) — Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market

OSLO, Jan 21 (Reuters) – Norway is proceeding with plans to award oil and gas exploration permits in frontier regions of the Arctic later this year, Oil

By Kate Abnett and Robin Emmott BRUSSELS, Jan 21 (Reuters) – European Union lawmakers passed a resolution on Thursday calling for the bloc to stop the

Jan 20 (Reuters) – The developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from

BERLIN, Jan 15 (Reuters) – The Russia-led Nord Stream 2 (NS2) consortium on Friday said preparatory work to complete the subsea gas pipeline to Germany

By Ron Bousso LONDON, Jan 15 (Reuters) – France’s Total SE on Friday became the first major global energy company to quit the main U.S. oil and gas

Norwegian energy producer Equinor is taking on a project to test floating solar power off the not-so-sunny coast of Norway. Equinor announced Thursday that it

By David Shepardson, Alexandra Alper and David Brunnstrom WASHINGTON, Jan 14 (Reuters) – The United States announced sanctions on Chinese state-owned

Norwegian energy giant Equinor has been selected to develop two large offshore wind farms off New York State in what is said to be one of the largest renewable

By William Mathis (Bloomberg) — Siemens Gamesa Renewable Energy SA and Siemens Energy AG plan to spend 120 million euros ($146 million) to figure

By Andres Guerra Luz (Bloomberg) — Oil surpassed $50 a barrel as Saudi Arabia pledged to voluntarily cut output by an extra 1 million

By Vanessa Dezem, Daniel Flatley and Dina Khrennikova (Bloomberg) — Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens

By Liam Denning (Bloomberg Opinion) — If ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil

By Andrea Shalal WASHINGTON, Dec 23 (Reuters) – The United States is urging European allies and private companies to halt work that could help build the

French offshore services provider Bourbon Maritime has emerged from reorganization after eliminating 1.5 billion euros in debt. Bourbon’s recovery plan

By Rachel Morison and William Mathis (Bloomberg) — Britain’s electricity grid operator is pushing deeper into the turbulent waters of the North Sea,

By Aya Takada (Bloomberg) — Japan will aim to more than quadruple offshore wind generation capacity in the decade to 2040 under plans to meet its

By Jennifer A. Dlouhy and Will Wade (Bloomberg) — Vineyard Wind LLC’s decision to push back a permitting review of the $2.8 billion offshore wind farm

The U.S. Senate today overwhelmingly passed the National Defense Authorization Act for fiscal year 2021, a wide-ranging $740 billion defense bill that sets