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Largest offshore rig scrapping cycle ahead

Offshore drilling industry is on the verge of the largest ever retirement cycle in history, as 88 units within the floater market will have to be taken…



Crude oil fall as oversupply outweighs demand

U.S. crude opened this week’s trading with further drops following two straight days of declines on Thursday and Friday as high production globally offset healthy…




Oil stockpile reach new highs: EIA

US Crude oil storage space is growing scarce, despite the market demand according to the Energy Information Agency (EIA). Although oil prices are 40 percent…




Top energy headlines

Tight oil is here to stay, Conoco CEO tells OPEC The U.S. tight-oil boom is here to stay despite low crude prices as technological breakthroughs…