U.S. energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data showed on Friday, as energy firms continue to
Polarcus Limited announced a three-year extension of the Bareboat Charter Party Agreement (BBCP) for M/V Vyacheslav Tikhonov between Polarcus Selma Limited, Polarcus' wholly owned subsidiary,
Polarcus Limited has received a Letter of Intent (LOI) for a 4D project over a field offshore Norway. This will be the eight monitor survey over the field and is
The number of new exploration wells to be drilled in the British part of the North Sea this year is set to fall to the lowest since the hunt for oil and natural gas began there in the early 1970s,
Drops dividend to handle difficult market outlook, but backlog above forecast.
OSLO, Feb 12 (Reuters) - Norwegian oil engineering firm Aker Solutions said on
The Irish government said on Thursday it had awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil , allowing them to explore for hydrocarbons off the coast of Ireland.
As much as one third of the global offshore fleet of oil drilling rigs could be idled in 2016 as energy firms scale back investments on the back of weak crude prices,
Firm to cut 2016 oil production by 20 pct as prices slide.
Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output,
Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted
The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making
Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project.
The project is offshore
San Donato Milanese (Milan), February 10, 2016 – Saipem S.p.A., informs that today Moody’s, through the publication of a press release on its website [www.moodys.
SBM Offshore, the world's top oil production ship leasing company, said on Wednesday that U.S. authorities had re-opened an inquiry into bribery allegations involving the Dutch company.
HARKAND has completed an inspection, repair and maintenance (IRM) campaign for BP Trinidad and Tobago (BPTT) utilizing the Harkand Da Vinci diving support vessel
Parker Bestobell Marine has recently completed a contract to supply cryogenic Globe and Check valves made in Sheffield, for Hoegh LNG’s series of five FSRUs (Floating
The U.S. Department of Energy approved ConocoPhillips' application to export about 40 billion cubic feet of natural gas from its Kenai liquefied natural gas export
German engineering group Siemens and Spanish renewable energy group Gamesa are in final negotiations on a deal to merge their wind power assets, two sources familiar
Writedown pushes company into red in fourth quarter; 2016 profit to fall short of previous year.
Denmark's A.P. Moller-Maersk tumbled to a loss of $2.5 billion
Russia's Sechin floats idea of oil output cuts; API reports lower-than-expected rise in U.S. crude stocks.
Oil rose on Wednesday, after having posted its third-biggest
The head of Russian oil major Rosneft, Igor Sechin, when asked if world oil exporters could reach consensus on cutting crude production, responded on Wednesday