offshore oil and gas

Norwegian energy firm Equinor says it is halting exploration drilling in the Great Australian Bight offshore southern Australia.  The move comes after a

By Nerijus Adomaitis OSLO, Feb 4 (Reuters) – Norway may restrict oil firms’ access to offshore resources in the Arctic by moving the so-called

(Reuters) – U.S. oilfield services provider McDermott International Inc said on Tuesday it would file for prepackaged bankruptcy protection under Chapter

Offshore drilling contractor Transocean has announced nearly $353 million in new rig contracts and exercised options as the offshore drilling market continues

As the 2010’s come to a close, we’re taking a look back at the maritime stories that kept us talking the most these last ten years.  Deepwater

By Natnicha Chuwiruch and Kevin Crowley (Bloomberg) –Exxon Mobil Corp. and its partners produced the first commercial crude from Guyana, setting the

By Jake Spring MADRID, Dec 9 (Reuters) – Brazil will push to expand oil drilling in its massive “pre-salt” oil and gas area off its coast in

By Rachel Adams-Heard and Simon Casey (Bloomberg) –Apache Corp. tumbled after the company’s update on a closely watched exploratory oil well off the

By Nina Chestney LONDON, Nov 13 (Reuters) – Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric

By David Wethe and Allison Mccartney (Bloomberg) –Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a

By Marianna Parraga, Gram Slattery and Marta Nogueira RIO DE JANEIRO, Nov 7 (Reuters) – Major global oil firms snubbed a second Brazilian oil auction in

By Sabrina Valle, Peter Millard and Luiza Ferraz (Bloomberg) –Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after

By Nerijus Adomaitis OSLO, Nov 5 (Reuters) – Environmental groups urged a Norwegian appeals court on Tuesday to take emissions from the country’s

By Peter Millard (Bloomberg) –Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the

By Jennifer A. Dlouhy (Bloomberg) –The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a

By Bloomberg News (Bloomberg) –Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South

By Ron Bousso LONDON, Oct 14 (Reuters) – Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest

A company owned by a group of French banks has made a takeover offer for beleaguered offshore services company Bourbon Corporation as part of the company’s

SINGAPORE, Oct 7 (Reuters) – Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm

Deepwater drilling contractor Transocean says it has deployed that world’s first hybrid battery system on floating drilling rig to supplement power needs