SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history.
Six British shipping registers, which work together under the banner the ‘Red Ensign Group’ (REG), will host a shipping reception on Wednesday, September 9 in aid
Nordic American Tankers Limited (NAT) acquires two modern Suezmax tankers, increasing the fleet to 26 vessels
Tanker shipping company NAT announced that it
The subsea sector is highly consolidated with just five players servicing the $12 billion annual requirements of the global E&P community.
The two largest, FMC and OneSubsea,
New R&D test facilities in Friedrichshafen already in service; 40 million euros invested for greater fuel economy and lower emissions
Rolls-Royce Power Systems
Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 percent to $400 per 20-foot container (TEU) in the week ended last Friday,
The Nord Stream gas pipeline, which carries Russian gas to Germany under the bed of the Baltic Sea, will undergo planned maintenance from Aug. 11-20 which will stop gas flows,
Italian market regulator Consob has dismissed all charges against BlackRock and one of its managers over the alleged use of insider information to sell shares in Saipem in 2013,
Hedge funds are more bearish about the outlook for U.S. oil prices than at any time for almost five years, according to data from the U.S. Commodity Futures Trading Commission.
Oil and gas projects in deep basins account for most of deferred investments worth more than $200 billion made due to the oil price crash, analysts at consultancy Wood Mackenzie said in a report.
Chinese stocks fall 8 pct on Monday on growth worries; Brent falls to four-month low of $53.63 a barrel.
Oil hit four-month lows on Monday after a steep drop
Hedge funds and money managers cut their bets on a longer-term rise in the price of Brent crude oil in the week to July 21, according to data released by the InterContinental Exchange on Monday.
Rhode Island's Deepwater Wind will start installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave
Britain on Monday awarded 41 licences to drill for oil and gas in the North Sea, the government said, with oil majors Shell and ENI among the successful bidders.
U.S. railroad Norfolk Southern Corp on Monday reported a lower quarterly net profit due to falling coal freight shipments and a decline in fuel surcharge revenue.
Further OECD talks in September, EU talks Wednesday; stronger EU position could have big role in advancing debate.
EU bosses are pushing to resolve a clash between
With commodity prices slumping, the local currency slipping and manufacturing jobs disappearing, Australians are starting to question whether they've backed the wrong economic horse.
ABB transformer technology supports Norway’s push to increase the volume of clean energy it can transport reliably over its grid using existing transmission corridors
Panoro Energy ASA , the independent E&P company with assets in Nigeria and Gabon, informed that drilling has commenced on the Aje-5 production well on the OML 113 license, offshore Nigeria.
Maersk Drilling has been awarded a contract extension for the jack-up rig Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area,