By Kevin Crowley (Bloomberg) –Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields acquired more than a decade ago, and reported a third...

By Sarah Young and Stephen Eisenhammer ABERDEEN, Scotland, Sept 6 (Reuters) – At one of the largest oil shows in the world in Scotland’s oil town of Aberdeen, hundreds of...

(Bloomberg) Myanmar’s opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to emulate Vietnam. How those views pan out...

“Virginia is well positioned to be a national leader in offshore energy exploration,” noted Virginia Senator Tim Kaine in a press statement yesterday. Well no kidding. It seems completely ridiculous...

GRAND ISLE, La.–Divers searching the Gulf of Mexico for two workers missing after an explosion on an oil platform recovered the body of one Saturday night, as the U.S. Coast Guard stopped...

OSLO (Dow Jones) –Norwegian oil giant Statoil ASA (STO) has said it will lose about 115 million kroner ($19 million) a day due to a strike by offshore workers, and said that...

With the expansion of floating offshore production into harsh environments such as the Barents Sea, high specification shuttle tankers will be needed to service those fields.  Additionally, Teekay reports a...

Rolls-Royce announced today they have secured a £6 million contract to provide an integrated design, power & propulsion and equipment systems package for an offshore supply vessel to be built...

HONG KONG (Dow Jones)–Swire Pacific Ltd. (SWRAY, 0019.HK) said it will spend HK$11 billion ($1.4 billion) over the next two years on building energy support vessels to tap the robust...

Lloyd’s Register announced today that it has acquired Houston-based WEST Engineering Services in a move that secures the group’s position as a premier independent risk-management organization supporting the global offshore...

By John Lyons, Wall Street Journal SAO PAULO, Brazil (Dow Jones)–U.S. President Barack Obama is set to meet with Brazil’s President Dilma Rousseff in Washington on Monday amid optimism for...

WASHINGTON -(Dow Jones)- Oil and gas drillers would be charged new fees and royalty rates under President Barack Obama’s 2012 spending plan announced Monday. The president’s budget proposal, which would...

gCaptain just got word from an unofficial source that the Deepwater Pathfinder drillship ran aground while pulling into Freeport, TX to onload their blow out preventer.  One of the thrusters was reportedly...

For Statoil and Transocean’s crew assigned to the Discoverer Americas, heading to Egypt had always been part of the long term plan, however in this case, the schedule got moved...

The U.S. Department of Interior today has issued yet another moratorium on deepwater drilling on the Outer Continental Shelf (OCS), saying that the suspension is nesessary to ensure adequate safety...

The good news; We have competently overhauled the tools landing page to provide direct links to our most popular features. We have launched a new feature that you may find...