U.S. energy firms deepened their cuts in oil drilling rigs in the seventh week of declines to the lowest levels since March 2010, data showed on Friday, as they
Balltec Engineered Solutions announced it has completed work using its subsea smart plug launcher. The flangeless subsea plug launcher technology played a critical
The European Union executive on Friday cleared the purchase of equipment maker Cameron International Corp by Schlumberger, the world's No.1 oilfield services provider.
BG beats 2015 production target thanks to Brazil, Australia.
Britain's BG Group, in its last results update before its takeover by Shell, reported a 22 percent
Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday.
Speculative activity largely behind price volatility.
Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.
France's Total in a consortium with Greece's Hellenic Petroleum and Italy's Edison has bid for one offshore gas drilling block in the west of Greece, an official
Leading multipurpose shipping operator, AAL, has successfully delivered its first shipments of heavy lift cargo, destined for the Petroleos de Venezuela SA (PDVSA)
Hyundai Heavy Industries and Doosan Heavy Industries Collaborate in Localizing Main Equipment for Offshore Plants
Seoul, South Korea – February 4 – Hyundai Heavy Industries (HHI),
French oil major Total is conducting seismic testing on a block it operates in northeastern Democratic Republic of Congo, a company spokeswoman confirmed on Thursday,
Swiber Holdings Limited has completed a multi-million dollar platform and subsea pipeline installation project in South America. The platform is considered to be
Fugro has been awarded a contract by BHP Billiton Petroleum Pty Ltd for the Pyrenees Phase 3 Installation Project.
The Pyrenees development is located offshore Western Australia,
EnBW, Germany's No.3 utility, has won a services contract for Iberdrola's offshore wind park Wikinger, banking on its track record in building and operating renewable
Beats forecasts with Q4 adjusted EBIT; shares in best performance in seven years.
Statoil cheered investors on Thursday with better-than-expected profits, progress
Norway's Statkraft is still considering investing in a 1,000-megawatt (MW) onshore wind power development at home despite scaling back its international ambitions to pay a full dividend,
Denmark's Dong Energy, which confirmed plans to press ahead with an initial public offering, expects positive cash flows from its struggling oil and gas division in 2017,
Norway's Statoil pledged on Thursday to keep cutting capital spending as oil prices fall, after reporting better than expected fourth-quarter results, and said
OPEC's Venezuela lobbies for producer meeting to cut output.
Oil slipped below $35 a barrel on Thursday after the previous session's 7 percent jump, pressured
The number of people employed in oil and gas extraction and support activities across the United States has fallen by around 100,000 since October 2014.
Between October 2014 and November 2015,
Lowers 2016 budget to $6.4 bln from $7.7 bln.
ConocoPhillips further lowered its capital budget for 2016 and slashed its quarterly dividend as a relentless fall