Seismic explorer SeaBird Exploration has made a decision to stack the Munin Explorer survey vessel, pressing ahead with its cost cutting steps amid weak demand for seismic services caused by a drop in oil prices.

An official at the Iranian Offshore Oil Co.

Austal Limited has delivered the first of two high speed catamaran ferries to the Abu Dhabi National Oil Company (ADNOC).

As global oil giants struggle with plunging earnings, Chinese state oil firms are unlikely to be waiting in the wings to buy any unwanted assets.

North Sea investment and jobs are suffering as cheap crude continues to flood the market,Oil majors around the globe are struggling to make the best of a bad situation, but at the moment the return on every project shelved and job shed seems to be yet more adversity.

Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years.

Out in the Atlantic Ocean, 130 miles off the coast of Brazil, an oil ship the length of New York City’s Chrysler building is at the center of an escalating legal war.

The Norwegian oil and gas company Statoil is looking for ways to expand cooperation with Rosneft without violating the sanctions regime.

Brazilian oil giant Petrobras, for months engulfed in a bribery and kickback scandal, has been given back R$139 million misappropriated by former employees to the company.

California water regulators are seeking fines for a May pipeline spill that released an estimated 101, 000 gallons of crude a near Santa Barbara.