Royal IHC has informed that the pipelaying vessel Seven Rio has started its sea trials following the installation of a 550mt pipelay tower.

The temperature hovered around 100 degrees on the jetty here, where a set of pipes were connected to a giant red-hulled ship.

Japan Oil, Gas, and Metals National Corporation (JOGMEC) will provide equity financing to Special Purpose Companies (SPC), to be established by Japanese companies Idemitsu Kosan Co.

A renewed slide in crude prices is having the effect U.

The lowest crude prices since 2009 might still not be enough to end the U.

A lobbying blitz is under way to persuade the US Congress to repeal a ban on crude-oil exports.

Getting anything to Chevron’s gas-processing plant on Barrow Island is a bit of a trick.

EGERSUND, Norway -- Norwegian offshore player Egersund Group recently set a new oil spill recovery record when its newly developed Marine Oil Spill (MOS) Sweeper system managed to recover 96.

The operator of the Shah Deniz field, the UK oil and gas major BP, has released a video showing the progress of the Shah Deniz Stage 2 project.

DANA Petroleum has plunged deep into the red as it slashed the value of its North Sea business to reflect the sharp fall in the oil price.