oil and gas

By Marianna Parraga and Alexandra Alper HOUSTON/RIO DE JANEIRO, Oct 26 (Reuters) – Brazil and Mexico are competing for a diminishing resource: the

By Javier Blas (Bloomberg) — Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the

Norwegian oil company Statoil announced Monday that its two-well exploration drilling program in the Flemish Pass Basin offshore Newfoundland did not result in

SINGAPORE, Nov 25 (Reuters) – Singapore plans to offer financial assistance to its liquidity-hit marine and offshore engineering companies that could

SINGAPORE, Nov 3 (Reuters) – Rig builder Keppel Corp said on Thursday it would subscribe to a bond offer by KrisEnergy Ltd, potentially increasing its

By Jacob Gronholt-Pedersen COPENHAGEN, Sept 22 (Reuters) – The world’s biggest shipping firm, A.P. Moller-Maersk, set a new course on Thursday that

By Amanda Cooper LONDON, Sept 13 (Reuters) – The global oil market will show a surplus into next year, as an abrupt deterioration in demand growth meets

By Dmitry Zhdannikov MOSCOW, Aug 11 (Reuters) – Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth

By David Wethe (Bloomberg) — Leaders of the world’s largest suppliers of offshore drilling rigs and the services that go with them see the oil market

By Justin Sink, Josh Wingrove and Jennifer A. Dlouhy (Bloomberg) — President Barack Obama and Canadian Prime Minister Justin Trudeau announced steps to

Samsung Heavy Industries has launched the semi-submersible that will serve as the central processing facility (CPF) for the giant Ichthys LNG project off

  By Roberta Rampton WASHINGTON (Reuters) – President Barack Obama on Saturday defended his decision to allow Royal Dutch Shell to drill for oil in

(Bloomberg) — As the oil industry takes stock of Royal Dutch Shell Plc’s $70 billion move for BG Group Plc, one company has more to chew on than most.

A group of 25 major oil companies, oil-producing nations and development institutions have for the first time committed to ending the practice of routine gas

Offshore oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs at an

The U.K. hired a senior BG Group Plc executive to head its new oil and gas industry regulator under plans to boost the country’s recovery of fossil-fuel

HOUSTON (Dow Jones)–Oil and gas companies are expected to spend at record levels in exploration and production projects worldwide in 2012, with

Access to reserves is currently the biggest risk for oil and gas companies, said Ernst & Young in its annual report on the top 10 risks for the global

HOUSTON (Dow Jones)–Oil and natural-gas companies are spending more than half a trillion dollars in the oil patch during 2011–a record level that

Houston, TX – Oil and gas industry professionals are divided in opinion on whether the price of a barrel of oil will exceed $150 by the end of 2011,