offshore oil and gas

Oil major Chevron (NYSE:CVX) has announced the start of crude oil and natural gas production from the Chevron-operated Big Foot deepwater project in the U.S.

By Michael Carr – Each of American Salvor’s four 6,000 lb. anchors were attached to its own huge winch by hundreds of feet of 1.5-inch diameter

By Elisha Bala-Gbogbo (Bloomberg) — When it comes to the future of its oil industry, Nigeria is looking miles out to sea. By early next year,

By Sabrina Valle (Bloomberg) — Brazil’s President-elect Jair Bolsonaro is staring at an oil windfall. After a decade of stagnant production, Brazil’s

By Jennifer A. Dlouhy (Bloomberg) — The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the

By Sabrina Valle and Kevin Crowley (Bloomberg) — In a single year, Exxon Mobil Corp. has gone from being a tiny bit player in Brazil to the

By Chiara Albanese (Bloomberg) — Saipem SpA is looking beyond black gold, to green. The Italian oil-services provider, which builds projects for the

By John Benny Oct 15 (Reuters) – Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs

By Kevin Crowley and David Wethe (Bloomberg) — Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it’s home runs or bust.

By Mikael Holter (Bloomberg) — Chevron Corp. is selling its last remaining oil exploration license in Norway, putting it one step closer to a full

By Ron Bousso LONDON, Oct 3 (Reuters) – Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse

By David French and Jessica Resnick-Ault Oct 2 (Reuters) – Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher

By Jessica Resnick-Ault and Ron Bousso NEW YORK/LONDON, Sept 26 (Reuters) – Nexen Petroleum, a unit of China’s CNOOC Ltd, plans to exit the United

By David Wethe (Bloomberg) — Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for

By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN, Aug 17 (Reuters) – A.P. Moller-Maersk said on Friday it would spin off its offshore

By Dan Murtaugh (Bloomberg) — Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80

  SINGAPORE, July 20 (Reuters) – Singaporean rig builder Sembcorp Marine Ltd swung into the red in the second quarter, and cautioned a trend of

Offshore drilling contractor Transocean says its ultra-deepwater semi-submersible GSF Development Driller 1 has been awarded an 11-well contract offshore

OSLO, July 15 (Reuters) – A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has slightly hit

By Florence Tan and Gavin Maguire SINGAPORE, July 5 (Reuters) – A growing fleet of ships is scanning oceans in search of new oil and gas fields as energy