A U.S. judge has dismissed a lawsuit by Chevron Corp workers who said the oil company breached its fiduciary duties by putting costly and poorly performing investment
The $425 million deal in the Gulf of Mexico is welcome news for the Anglo-Dutch oil and gas giant which has struggled to kick off its plan to dispose of $30 billion
Statoil aims to conduct a major exploration campaign in several parts of the Barents Sea in 2017. The company is also strengthening its position in the area through
A Libyan armed force controlling some of the country's southern oilfields will close two of them down because the government has not paid the funds needed to maintain security operations,
Director General of the Norwegian Petroleum Directorate (NPD), Bente Nylund, announced at the ONS 2016 Tuesday that the Åsgard licence was awarded the NPD’s prize
Rig and service vessel owners face high debt, shrinking market.
Restructuring the debt of struggling offshore oil service vessel (OSV) and drilling rig companies
Norwegian oil major Statoil said on Tuesday it will take a fresh look at projects previously deemed too expensive after successfully launching the Gullfaks Rimfaksdalen
High margins may prompt refiners to increase run rates; Singapore refining margins to Dubai crude double year ago level.
A rapid rebound in Asian refining margins
Oil companies are not exploring enough and heading for a supply crunch in the coming decades, Statoil's exploration chief said on Tuesday.
The industry has been slashing jobs,
British oil company BP will shut down one of its oil Azeri platforms in Azerbaijan for planned maintenance in the fourth quarter of 2016, Bakhtiyar Aslanbayli, BP Azerbaijan vice president,
Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue.
Iran has signed seven new initial agreements with foreign oil companies, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as
A Fugro manufacturing centre that specialises in marine geotechnics has met Nuclear AMRC’s (Advanced Manufacturing Research Centre) exacting marque of supplier competence for nuclear contracts.
Chevron Corporation announced today that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a binding LNG Sales and Purchase Agreement (SPA) with ENN
Mitsui O.S.K. Lines, Ltd. today announced that the company and its subsidiary MOL Information Systems, Ltd. have signed a contract with Yokohama National University
Shell Marine will preview its revitalised Shell LubeMonitor service, a cylinder monitoring service at SMM, held in Hamburg, Germany from Sept 6-10, 2016. The revamped service will be simpler,
There is increasing emphasis from regulators on addressing uncertainty in risk assessments to improve safety. DNV GL’s new paper, ‘Enabling confidence – addressing uncertainty in risk assessments’,
Second-quarter net income of Russian gas giant Gazprom declined by 17 percent year-on-year to 244.9 billion roubles ($3.8 billion), the company said on Monday, as spendings grew.
Norwegian Petroleum Safety Authority (PSA) asked Italy's oil firm ENI on Monday to present plans on how to avoid power disruptions at its Goliat oil platform in the Barents Sea.
Environmental groups have failed to gather enough signatures to put two measures on Colorado's ballot in November that aimed to curb fracking and oil and gas work, the state said on Monday.