This past weekend, Shell’s Olympus tension leg platform (TLP) left Kiewit shipyard in Ingleside, Texas,  and is now making its way to its future home in the Gulf of Mexico,...

(Bloomberg) — OPEC’s deepest output cut since the global recession in 2008 is creating the biggest surplus of oil tankers in the Persian Gulf in at least three years and...

(Bloomberg) — Oil fell for a second day in New York and headed for the biggest monthly decline since May after refiners reduced operations on the U.S. East Coast because...

HOUSTON–The U.S. Gulf of Mexico is on track to surpass by 2019 the peak production levels last seen before the 2010 Deepwater Horizon disaster, analysts at energy consulting firm Wood...

Maersk Oil, the oil and gas-producing arm of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), is well on track to surpass its daily output target of 400,000 barrels of oil equivalent a...

IRVING, Texas- Exxon Mobil Corporation (NYSE:XOM) announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started production from the Kizomba Satellites Phase 1 project offshore Angola. The...

PORT ARTHUR, Texas (Dow Jones)–Global oil supply is exceeding demand by 1.5 million barrels a day, the chief executive of state-owned oil giant Saudi Aramco Mobil Refinery Co. said Thursday. The...

(Dow Jones) OPEC Tuesday disclosed that its members continue to pump oil at levels not seen since 2008 as the most recent production figures show the group’s output rising to...

LONDON (Dow Jones)–OPEC producers, including from the Gulf, said Friday they saw no immediate need to cut production despite oil prices dropping below $100 a barrel–the price the organization sees...

PORT ARTHUR, Texas (Dow Jones)–Saudi Arabia is currently producing crude at a rate exceeding 10 million barrels of oil a day, the chief executive of state owned oil giant Saudi Aramco said...

Following a few busy days at the Offshore Technology Conference in Houston last week, Helix Energy Solutions group invited me on a tour of the Helix Producer I, the first...

MOSCOW (Dow Jones)–Russian state gas firm OAO Gazprom (GAZP.RS) will begin production at its massive Sakhalin-3 offshore gas project in the Far East in the second half of the year and reach...

RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Friday that total crude oil and natural gas production rose in June as...

  SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday its unit, SMOE Pte. Ltd., has secured a contract close to S$600 million to construct an offshore production platform that will be installed...

Image by Kjetil Alsvik –Average production of 60,000 barrels equivalent a day to be lost as result of shutdown –Accident to be investigated by Norwegian authorities, BP –Any possible connection with...