More Oil & Gas News

Despite the negativity many associate with fracking, the controversial technique for extracting oil and natural gas from the earth, had a positive impact on mortgage defaults in areas where fracking occurred, according to research by a Clemson University finance professor.

Study shows fracking resulted in lower mortgage defaults

Sep 28, 2016

Despite the negativity many associate with fracking, the controversial technique for extracting oil and natural gas from the earth, had a positive impact on mortgage defaults in areas where frackin...

Brazil’s most advanced ROV support vessel (RSV), the Fugro Aquarius, has specified acoustic positioning technology supplied by Sonardyne Brasil Ltda., to support its subsea inspection, repair and maintenance activities in the region.

Fugro selects Sonardyne acoustics for flagship Brazilian vessel

Sep 28, 2016

Brazil’s most advanced ROV support vessel (RSV), the Fugro Aquarius, has specified acoustic positioning technology supplied by Sonardyne Brasil Ltda., to support its subsea inspection, repair and m...

A Houston marine services firm has agreed to pay $4.9 million in civil penalties to settle federal claims resulting from a March 2014 collision between its tugboat and a ship that spilled nearly 170,000 gallons of oil into the Houston Ship Channel.

Marine firm to pay almost $5M, improve practices after spill

Sep 28, 2016

A Houston marine services firm has agreed to pay $4.9 million in civil penalties to settle federal claims resulting from a March 2014 collision between its tugboat and a ship that spilled nearly 17...

Authorities say people protesting the construction of an oil pipeline in North Dakota gathered Tuesday at two construction sites on private property.

Sheriff's office: Oil pipeline protesters gather at 2 sites

Sep 28, 2016

Authorities say people protesting the construction of an oil pipeline in North Dakota gathered Tuesday at two construction sites on private property.

Pipeline technology specialist STATS Group has completed its first subsea isolation project in China on a 780km gas pipeline which is crucial for supplying gas to Hong Kong.

Anchor damaged pipeline repaired to restore vital Hong Kong gas link

Sep 28, 2016

Pipeline technology specialist STATS Group has completed its first subsea isolation project in China on a 780km gas pipeline which is crucial for supplying gas to Hong Kong.

Canadian Prime Minister Justin Trudeau approved Tuesday a $27 billion liquefied natural gas project on British Columbia's northwest coast in a decision that's considered a litmus test for a government that has vowed to do more for the environment.

Canadian government approves natural gas project

Sep 28, 2016

Canadian Prime Minister Justin Trudeau approved Tuesday a $27 billion liquefied natural gas project on British Columbia's northwest coast in a decision that's considered a litmus test for a governm...

Prospects are dim for a deal among OPEC countries on Wednesday to freeze production and support oil prices, as disagreements persist between regional rivals Saudi Arabia and Iran.

Old rivalries seen blocking OPEC deal to support oil price

Sep 28, 2016

Prospects are dim for a deal among OPEC countries on Wednesday to freeze production and support oil prices, as disagreements persist between regional rivals Saudi Arabia and Iran.

Oilfield-services company Weatherford International PLC has agreed to pay a $140 million fine to settle government claims that it used fraudulent tax accounting to inflate its earnings.

SEC: Weatherford International oil firm to pay $140M fine

Sep 28, 2016

Oilfield-services company Weatherford International PLC has agreed to pay a $140 million fine to settle government claims that it used fraudulent tax accounting to inflate its earnings.

DNV GL issues guidelines on drilling rig air gaps

Sep 28, 2016

Around 100 drilling semisubmersibles approved by DNV GL will undergo further reviews following the accident offshore Norway late last year involving the COSLInnovator.

Hundreds laid off during Norwegian strike

Sep 28, 2016

The Norwegian Oil & Gas Association said that 350 Norwegian workers have been laid off by Baker Hughes, Schlumberger, and Halliburton following a strike called by the Norwegian Union of Industr...