oil prices

  Swedish shipowner Viking Supply Ships says that due to the continued market the company is forced to lay up three platform supply vessels. The vessels

  By John Miller ZURICH, Sept 3 (Reuters) – A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub

  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 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 Mark Shenk (Bloomberg) — Oil closed at the lowest level in more than six years in New York amid speculation that demand may slip as economies

Norwegian oil major Statoil has decided to suspend its contract for the semi-submersible drilling Scarabeo 5 due to overcapacity in its rig portfolio.

Marine fuel prices are set to fall further after plunging to their lowest since late 2013, with traders in Singapore, the world's largest ship refueling hub,

Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when

  Two-thirds of North Sea oil and gas industry operators (67 percent) have been forced to cancel projects because of the recent fall in oil price,

ByJonathan Saul and Libby George, LONDON, (Reuters) – Physical oil is coming under pressure as trade houses unwind a profitable storage play

by Anthony Dipaola & Grant Smith (Bloomberg) Just when it looked like OPEC was winning the war with U.S. shale-oil drillers, a new front is opening up

* Millions of stranded barrels underscore glut * WAF, North Sea differentials hit multi-year lows * Elevated freight rates complicate search for buyers By

[contextly_sidebar id=”tKIDRGk6JyJchPjTJbnQHPKSp8GOZ4k4″]by Khalid Al AnsaryAnthony Dipaola (Bloomberg) Iraq, OPEC’s second-biggest oil producer,

(Reuters) Exploration firms have made a rare run of oil and gas discoveries in recent weeks as more targeted search strategies bear fruit, but they offer

Maersk Supply Service has confirmed that it is laying up two more anchor handlers in response to the abysmal offshore oil and gas market. The two vessels to be

Rolls-Royce Group Plc, which is already eliminating about 2,600 positions globally, said it will cut an additional 600 jobs at its marine unit that’s

Subsea 7 says that the cuts will reduce its global workforce by approximately 2,500 jobs by early 2016, down from the 13,000 worldwide employees reported at

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

Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel