"Our prediction is that between now and 2040 that's pretty much close to 50 million tons of additional draw ... safety and well-being of the workforce remains a priority. Shares of offshore ...

Petrobras PBR, Brazil’s state-controlled oil giant, has taken a major step toward reinforcing its global energy footprint through the signing of a memorandum of understanding (MoU) with Sonangol, ...

The deepest offshore oil well was over 35,000 feet by the Deepwater Horizon, and the Maersk Voyager operated in the deepest ...

Project captures CO₂ produced during oil extraction, compresses it and injects it deep beneath the seabed to enhance oil ...

The new offshore subsea construction vessel (OSCV) recently contracted at Vard by Taiwan’s Dong Fang Offshore will feature an ...

OKEA ASA discovered oil in the northern part of the North Sea and will assess the deposit as part of further development of ...

The company has grown through the acquisition of various vessels and the expansion of its services to meet the increasing demands of offshore oil and gas operations. The company faces challenges ...

The drilling campaign for the remaining seven gross wells on the platform will now begin, partner bp Trinidad and Tobago said in a release May 29.

OKEA made a discovery that is estimated to hold 300,000 to 2.8 million barrels of recoverable oil equivalent along the ...

2-Year U.S. Treasury Note Continuous Contract $103.742 0.066 0.06% 5-Year U.S. Treasury Note Continuous Contract $108.258 0.156 0.14% 10-Year U.S. Treasury Note Continuous Contract $110.844 0.156 ...

Many downstream companies also have operations in the midstream sector as well, allowing them to hold the inventory they ship. In some cases, crude oil production can lead to a transportation ...