Thousands of oil and gas rigs are becoming redundant around the world – and taking them out of service, known as decommissioning, is a multi-billion dollar business. It’s also a complex operation ...

Baker Hughes’ February 28 count showed that North America added five rigs week on week, its February 21 count revealed that North America added three rigs week on week, its February 14 rig count ...

Brazilian independent Prio has started drilling a first development well at the Wahoo pre-salt field in the country’s Campos ...

BP, SOCAR, and NewMed Energy have signed a licensing agreement to explore for natural gas offshore Israel, marking BP's entry ...

Under the terms of the agreement, Veren shareholders will receive 1.05 shares of Whitecap for each Veren share held. The ...

U.S. shale needs much higher oil prices than $50 per barrel, and even higher than the current WTI Crude price in the high ...

US crude prices eked out a weekly gain of 14 cents a barrel, with the near-month NYMEX contract for light sweet crude closing ...

By PHILIP HOPKINS LAKES Blue Energy is increasingly confident that within a few months, its 21-year struggle to get [...] ...

The Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for a wildcat well in the Norwegian Sea.The ...

Exxon Mobil Corporation (NYSE:XOM) is a global energy company that explores, produces, refines, and markets crude oil, ...

Offshore support vessel markets remain strong despite slipping from last year’s peak, with subsea ships in particularly short ...