offshore oil and gas

(Bloomberg) — A swath of Norway’s offshore gas discoveries risk remaining untapped due to challenges ranging from complex reservoirs to costs of

Norway-based Rem Offshore (OSE: REM) has announced new long-term contracts worth US $140 million (NOK 1.5 billion), doubling the offshore vessel

Shares of Tidewater Inc. (NYSE:TDW) fell more than 10% on Tuesday after the company reported impressive revenue of nearly $300 million in the third quarter

The increasing utilization of offshore drilling rigs is causing a decrease in availability and longer contract awards and tender opportunities, according to

By Kevin Crowley (Bloomberg) — The crown jewel of Chevron Corp.’s $53 billion acquisition of Hess Corp. is a piece of larger rival Exxon Mobil

By Sabrina Valle and Mrinalika Roy HOUSTON, Oct 23 (Reuters) – Chevron Corp agreed to buy Hess for $53 billion in stock to gain

By Jennifer A. Dlouhy (Bloomberg) — Oil industry leaders contributed top dollar to President Donald Trump in 2020. But now oil and gas titans are

(Bloomberg) — Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks

Sept 29 (Reuters) – The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of

By Jennifer A. Dlouhy and Jennifer Jacobs (Bloomberg) — The Biden administration is charting plans to sell offshore oil drilling rights in the Gulf of

By Jarrett Renshaw and Nichola Groom Sept 28 (Reuters) – The Biden administration’s five-year plan for offshore oil and

The UK government has granted a development and production license to Equinor and Ithaca Energy for the $3.8 billion Rosebank project northwest of Shetland.

Norwegian energy company Equinor has announced the commercial viability and submitted development plans for two major offshore oil and gas fields in

By Kiana Wilburg and Marianna Parraga GEORGETOWN, Sept 13 (Reuters) – Guyana on Wednesday received bids for eight of 14

(Bloomberg) — The Biden administration plans to auction 67 million acres in the Gulf of Mexico for oil and gas development in a lease sale next

The Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE) has issued a heat advisory for offshore workers as some workers

By Alasdair Pal SYDNEY, Aug 20 (Reuters) – Unions at Woodside Energy Group’s WDS.AX North West Shelf offshore gas platforms on Sunday

By Kaula Nhongo (Bloomberg) –Namibia is seeking private investment for a 40 billion Namibian dollar ($2.1 billion) port infrastructure expansion

(Bloomberg) — Scotland’s public spending deficit narrowed after revenue from North Sea oil more than tripled to a record. The shortfall dropped to

Tidewater Inc. (NYSE: TDW), a leading provider of offshore support vessels, reported a substantial improvement in revenue and earnings in the second quarter of