offshore oil and gas

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

By Kelly Gilblom (Bloomberg) — Royal Dutch Shell Plc approved its second North Sea project in six months, greenlighting a natural gas field that it

By Mikael Holter (Bloomberg) — Oil companies in Norway have more to rejoice about than just higher crude prices: they’re now boasting the best

A subsidiary of Singaporean shipbuilder Sembcorp Marine has been awarded a contract from Shell Offshore to construct and integrate the hull, topsides and

By Liz Hampton HOUSTON, May 3 (Reuters) – At BP’s massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie

The Big Oil playbook has been straightforward for decades: Higher prices mean offshore projects that are further, deeper, more complex than ever before. It’s

By Valerie Volcovici WASHINGTON, April 17 (Reuters) – Interior Secretary Ryan Zinke said on Tuesday he will not lower royalty rates for offshore oil and

By Tracy Withers (Bloomberg) — New Zealand will stop granting offshore oil and gas exploration permits, saying it is committed to playing its

By Kevin Crowley (Bloomberg) — Exxon Mobil Corp. got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play, that the tiny

By Dan Murtaugh (Bloomberg) — The world’s biggest energy companies are ready for big projects again. They just need to be cheaper this time around.

By Wael Mahdi and Mohammed Aly Sergie (Bloomberg) — Bahrain will invite international oil companies to help it develop its first major discovery in

MANAMA, April 4 (Reuters) – A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the