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

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

(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

“Virginia is well positioned to be a national leader in offshore energy exploration,” noted Virginia Senator Tim Kaine in a press statement

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

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

With the expansion of floating offshore production into harsh environments such as the Barents Sea, high specification shuttle tankers will be needed to

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

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

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

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

WASHINGTON -(Dow Jones)- Oil and gas drillers would be charged new fees and royalty rates under President Barack Obama’s 2012 spending plan announced

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

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 U.S. Department of Interior today has issued yet another moratorium on deepwater drilling on the Outer Continental Shelf (OCS), saying that the suspension

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