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(Bloomberg) — Norway needs to simplify rules for offshore oil rigs and reduce labor costs to support efforts to increase oil and gas production in

Statoil ASA, Norway’s state- controlled oil company, is seeking permission to build a wind farm with floating turbines off the U.S. Atlantic coast.

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced that it was awarded a Letter of

Statoil has awarded Technip a letter of intent for construction of the hull for the world’s largest Spar platform on the Aasta Hansteen field. This will

(Bloomberg) — Norway’s government ended a 16-day dispute between offshore oil and gas workers and their employers, averting a lockout that had

STOCKHOLM–No new meetings have been scheduled between parties in the Norwegian oil strike, and a costly shutdown of all production in Western

(Dow Jones) The Norwegian government Friday urged oil unions and companies to continue their negotiations in a bid to resolve a 13-day-old strike that is

STOCKHOLM–Oil and gas giant Statoil ASA (STO, STL.OS) and other companies represented by Norway’s Oil Industry Association have threatened to

COPENHAGEN (Dow Jones) –Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday its oil and gas drilling services arm Maersk

STOCKHOLM–Offshore workers in Norway, western Europe’s largest oil producer and exporter, Tuesday decided not to step up a strike that has already

(Dow Jones) Norwegian oil giant Statoil ASA (STO.OS) Tuesday said it was closing another four oil platforms due a strike by offshore workers that started

OSLO (Dow Jones) –Norwegian oil giant Statoil ASA (STO) has said it will lose about 115 million kroner ($19 million) a day due to a strike by offshore

OSLO (Dow Jones) –Norwegian oil giant Statoil ASA (STO) said Thursday it expects global oil demand to peak at 103 million barrels a day around 2030,

(Dow Jones) LONDON–The price-supporting trade in crude oil from the North Sea to South Korea looks set to continue in July as Statoil ASA (STO) moves

Farstad Shipping announced today the winning of charter contracts for 9 of their vessels, including two newbuild PSVs for Statoil.  Excluding options, the

Statoil and its partner Sinochem announced today their agreement to purchase the Peregrino FPSO from Maersk. The floating production, storage and offloading

Maersk Drilling announced today the ordering of a new ultra harsh, high specification jack-up rig at Keppel FELS in Singapore backed by a four-year-contract

It’s a huge day for a trio of offshore drillers selected by Statoil.  KCA Deutag, Odfjell Drilling and Archer have been awarded NOK 30 billon in

MOSCOW -(Dow Jones)- Norway’s Statoil ASA (STO, STL.OS) signed Saturday a potential $100 billion cooperation agreement with Russian state oil company

Statoil announced today that they have awarded Aker Solutions a $1.9 billion contract involving a new type of rig, categorized “Cat-B”, destined to