The stable and recently rising oil price has spelled good news for Norwegian giant Statoil, which emerged from the first quarter with strong revenue. (Article updated)
Oil major Saudi Aramco is looking to boost its oil trade volume to 6 million barrels per day. The move would push the company to the top tier of oil traders.
Danish energy technology exports are in a slump. The country's government will present an energy deal, which would allocate DKK 175 million to strengthen sales to foreign markets.
Alfa Laval's order intake was approximately USD 1.18 billion in the first quarter of 2018. The supplier is experiencing increasing activity in oil & gas and offshore.
Despite a new slide in revenue and postponed wind projects, Semco Maritime reduced its deficit in 2017. A canceled power plant project in the renewables unit contributed to the deficit.
Supply carrier Siem Offshore will have to impair USD 19 million on part of a receivable in Malaysia.
Pressure from Saudi Arabia is sending the global oil price up. More price increases could be on the way.
The Liberian president has ordered a probe into Exxon's 2013 deal for drilling rights off its coast.
A court in Houston approved Seadrill's rehabilitation plan Tuesday, and the company expects to leave its Chapter 11 status behind within 90 days.
In a comprehensive questioning by the Danish financial police in 2016, OW Bunker's now-deceased CEO Jim Pedersen denied any knowledge of the out-of-control credits at Dynamic Oil Trading, revealed a court session last Friday in the ongoing criminal trial.
A key player in OW Bunker's bankruptcy has been convicted by a court in a case, in which the business model resembles the model that played a part in the collapse of the Danish bunker company.
In the first half of 2017, the Saudi oil company booked earnings of USD 33.8 billion, 17 percent more than the second-ranked company on the list.
Statoil is intensifying its search for new oil fields both on the Norwegian shelf and globally, reports Norwegian media Dagens Næringsliv. The company plans to take bigger risks and hopes to break from the trend of small discoveries.
In the criminal trial against former OW Bunker top exec Lars Møller, the defense is working to create the impression of a greedy equity fund that was looking to profit by putting a lid on the company's risky businesses.
John Fredriksen's strained rig company Seadrill booked a massive impairment in 2017 of more than USD 1.5 billion, according to the annual report.
Two of the world's biggest oil and gas companies are teaming up in an alliance. To begin with, the cooperation aims to boost business mainly in Brazil.
The new joint venture between Maersk's drilling company and offshore carrier announced Thursday should be seen as a sign that the Maersk family will end up buying the two companies, say analysts to ShippingWatch.
The new joint venture between Maersk's drilling company and offshore carrier announced Thursday should be seen as a sign that the Maersk family will end up the buyer of the two companies, say analysts to ShippingWatch.
There is still strong confidence in oil at Shell, which has published its new strategy.
Maersk Group's two offshore companies Maersk Drilling and Maersk Supply Service launch new joint venture aimed at decommissioning oil fields.
Norway's Statoil and France's Total have gone on quite a shopping spree in the Gulf of Mexico. The companies are taking over a deepwater field from a US bankruptcy.
Former OW Bunker top executive Lars Møller has placed liability for an out-of-control Singapore credit with his former CFO, who will not be presenting her version of the story in court in Denmark.
The US needs all types of power generation, says the country's secretary of energy, although he does not rule out that the United States might have to declare a state of emergency in order to secure state subsidies for ailing coal and nuclear power plants.
The oil major has committed to two new North Sea developments, which are expected to produce 30,000 barrels of oil per day.
Germany's chancellor has indicated that she has grown more opposed to the pipeline.
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