offshore oil and gas

  By Mikael Holter (Bloomberg) — The state’s oil income is on track to dip to the lowest in at least six years. Net income from the Norway’s

  By Rakteem Katakey and Javier Blas (Bloomberg) — Royal Dutch Shell Plc reported its biggest net loss in at least 16 years after Europe’s largest

By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a 32 percent decline in third-quarter sales as a slump in

  Drilling contractor Transocean announced Monday that the delivery of two newbuild drillships currently under construction in South Korea will be delayed

  Maersk Oil says it intends to implement workforce reductions amounting to 10% to 12% of its global workforce amid the low price of oil. The move,

  OSLO, Oct 8 (Reuters) – Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could

  By Javier Blas and Will Kennedy (Bloomberg) — Oil prices will remain at $40 to $60 a barrel into 2016 as rising crude supplies overwhelm demand,

    By Anthony DiPaola (Bloomberg) — Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company

  Norwegian platform supply vessel owner World Wide Supply says that the weak spot market in the UK sector of the North Sea has forced it to lay-up two

  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