India has allocated 55.97 billion rupees ($646.78 million) to support oil purchase for its strategic petroleum reserves. The country aims to increase its SPR capacity to safeguard against global ...

- Container buildings in Pointe-Noire to be used by engineers working on Moho offshore oil project, one of largest petroleum ventures launched in country ...

U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Jan. 31. The oil and gas rig ...

U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count ...

Global oil demand seen growing by 700,000 to 1.3 mln ... on Russian crude and geopolitical tensions could provide price support. The survey of 41 economists and analysts predicted that Brent ...

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

Mumbai-based Beams Fintech Fund, a homegrown private equity firm focused on investments in growth-stage financial services and software companies, has started initial preparations for its second PE ...

Director-shipmanagement and operations, EDT Offshore. EDT Offshore, with its headquarters at Limassol (Cyprus), has expertise in oil rig support, vessel chartering, logistics, subsea support, and ...

Tugboats are supporting the towage of offshore drilling rigs, damaged ships, newbuilds and floating docks Tug owners are handling ... Offshore Germany, Boluda’s VB Bremen Fighter, while assigned to ...

U.S. producers, mainly shale companies which led a fracking revolution that unlocked vast new supplies of crude from rock, are pumping record amounts of oil, but using fewer rigs to do it after ...

Johnny Sturgeon, a man who has spent the last two years transforming an abandoned oil rig lifeboat into a liveable space, has shared how the completed project has revolutionised his life.