Maritime authorities will continue searching an area near Australia’s Great Barrier Reef where patches of oily water have been detected, after an aircraft Saturday failed to locate any material trace of oil.

STATS Group has won a ten year Emergency Pipeline Repair System (EPRS) contract, worth over $10 million by a major LNG operator in the Middle East.

Gulf Island Fabrication, Inc.

The oil market was massively oversupplied in the second quarter and remains so today, the International Energy Agency (IEA) wrote in its latest monthly oil market report.

Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday it paid 1.

Mexico is about to undergo its first subsea land rush.

Latin America’s oil firms need more foreign capital, but a historic auction in Mexico shows that investors can be hard to attractIt should have been a day of high excitement.

The Edvard Grieg top side installation has now been completed, the installation consisted of lifting four modules onto the pre-installed jacket – the main deck frame, the utility and living quarters module, the processing module and the flare boom with a total weight of 22,000 tonnes.

The US oil rig count may be at a turning point.

ExxonMobil gave more than $2.