offshore oil and gas

  By Angelina Rascouet and Manisha Jha (Bloomberg) — Demand for oil services is rising in the Middle East even as the rout in crude prices forces

  By Saleha Mohsin (Bloomberg) — Norway’s economic growth slowed in the second quarter as plunging crude prices sap investments and drive up

  By Joe Carroll and Dan Murtaugh (Bloomberg) — Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a

  Adam Williams, Andrea Navarro and Eric Martin (Bloomberg) — Mexico’s first auction of offshore oil leases fell short of the country’s

(Bloomberg) An equipment failure that’s delayed Chevron Corp.’s $5.1 billion Big Foot deepwater oil project will reduce the company’s

The U.K. aims to maximize domestic oil and gas production and curb the spread of onshore wind farms as the government leans toward maintaining energy security

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, said it was scrapping three rigs in the face of weak demand due to a steep

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, said it was scrapping three rigs in the face of weak demand due to a steep

North Carolina Governor Pat McCrory on Wednesday expressed strong support for the environmentally safe and responsible offshore energy exploration off the

The world’s biggest oil and gas producers, already cutting hundreds of jobs a week from the U.K.’s North Sea, are just warming

In an SEC filing yesterday, Diamond Offshore says at least six of their rigs are likely to lose their contracts. Diamond says a verbal notification came from

A gCaptain contributor sent us the following image over the weekend of Diamond Offshore’s new drillship, Ocean BlackHornet, now located in the Gulf of

Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay

Norway faces more delays in offshore oil and gas projects and reduced exploration next year after the value of crude slumped by a third, according to the

With the huge influx of new steel heading into the offshore drilling market, Diamond Offshore Drilling announced today plans to retire and scrap six of their

U.K. oil companies can stop fretting about Scottish independence and go back to combating a slump in output that’s the steepest of any major

OSLO, June 4 (Reuters) – Norway’s Statoil has cancelled a rig contract with Diamond Offshore Drilling Inc eight months earlier than expected, a

The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling said, providing

Diamond Offshore Drilling has just announced that former Halliburton executive Marc Edwards will be taking the reigns as President and CEO effective 3 March

By Jeb Blount and Sabrina Lorenzi RIO DE JANEIRO, Oct 21 (Reuters) – Brazilian state-run energy company Petrobras teamed up with European oil majors and