offshore oil and gas

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

By Peter Millard and Kelly Gilblom (Bloomberg) –It was supposed to be BP Plc’s big Brazilian breakthrough after years of setbacks in one of the

By David Alire Garcia MEXICO CITY, Sept 30 (Reuters) – When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico’s southern Gulf

Offshore drilling contractor Transocean has decided to walk away from two drillships under construction at South Korea’s Samsung Heavy Industry. In a

By Erwin Seba HOUSTON, Sept 19 (Reuters) – Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding

By Mikael Holter – (Bloomberg) –Offshore drilling executives are trying to win back investors who have fled their stocks over the past year,

By Timothy Gardner WASHINGTON, Sept 11 (Reuters) – The U.S. House of Representatives on Wednesday passed a bill to ban offshore oil and gas drilling off

By Timothy Abington and Mikael Holter (Bloomberg) –The rise of a huge new Norwegian oil field is poised to give North Sea output one of its biggest

By Davide Barbuscia and Hadeel Al Sayegh DUBAI, Aug 27 (Reuters) – Creditors of Abu Dhabi-based Gulf Marine Services (GMS) are close to hiring an adviser

Norwegian government-run Enova has approved funding of up to NOK 2.3 billion (US$256 million) to support a project that would develop the world’s first

By Jessica Resnick-Ault and Nichola Groom NEW YORK, Aug 20 (Reuters) – A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday

Norwegian energy giant Equinor has announced first oil from the Mariner field in the UK North Sea. The field, which is the first Equinor has operating in UK

By Jennifer A. Dlouhy – (Bloomberg) –The Trump administration is readying a plan to end direct federal regulation of methane leaks from oil and gas

By Ron Bousso LONDON, Aug 13 (Reuters) – Exxon Mobil is considering a sale of its assets in the British North Sea after more than 50 years in the

SINGAPORE (Reuters) – Singaporean rig builder Sembcorp Marine on Tuesday posted a narrower second-quarter loss, but said it expected losses for the

By Eddie Spence (Bloomberg) –The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in

By Brian K. Sullivan (Bloomberg) –A tropical storm may loom in the Gulf of Mexico late Wednesday or early on July 11 as a low pressure system moves off

By Valerie Volcovici WASHINGTON, June 11 (Reuters) – A coalition of environmental groups on Tuesday filed a lawsuit challenging the U.S. Interior