oil price slump

By Stine Jacobsen STAVANGER, Norway, Aug 30 (Reuters) – Restructuring the debt of struggling offshore oil service vessel (OSV) and drilling rig companies

By Liam Denning (Bloomberg Gadfly) — Big Oil just doesn’t seem to be as enamored with the ‘big’ thing as it once was. Another major

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is adapting its cost base to prepare for the risk of lower crude prices as the world keeps

By Mike Wackett (The Loadstar) – Lower bunker costs are “very welcome in an industry struggling to make a profit”, says shipping industry association

Seadrill Ltd. has emerged as the client who agreed to postpone delivery of two ultra-deepwater drillships under construction at the South

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion

By David Wethe (Bloomberg) — The relatively unheralded corner of the oil sector that sends supply boats out to offshore oil rigs may see bankruptcies as

  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