Chevron Corp. has filed an appeal against an $8.6 billion damages ruling by an Ecuadorean judge in one of the largest environmental lawsuit judgments ever, a local court official said on Thursday.
The chief of Eni, the biggest gas exporter from Libya, said Thursday that oil production across the battle-torn country is near a complete halt and that the Italian company's output is down to little more than supplying power to Libyan households.
Samsung Engineering is likely to win major contracts to build Saudi Arabia's multi-billion dollar Shaybah natural gas liquids project after submitting the most attractive bids, several sources familiar with the project told Reuters. 
A new crew has taken charge of a ship condemned as “squalid” in the UK but the conditions that led to its initial detention nearly fourth months ago appear to have gone from disgraceful to deplorable.
Chesapeake Energy and its Norwegian partner, Statoil ASA, believe they could drill as many as 17,000 horizontal Marcellus Shale natural gas wells over the next 20 years.
Shares of companies that own oil tankers have perked up as crude oil prices have jumped to 2-1/2-year highs on fears that unrest in North Africa and the Middle East could disrupt supplies.
Russian NOC Gazprom has signed an agreement with BASF to expand gas production with Wintershall at the Achimov deposits of Urengoy natural gas and condensate field in Russia. 
RBG, which provides a wide range of expert services to maintain the integrity of production facilities, has experienced a period of significant activity in the North Sea, securing contract wins with a number of major operators to be delivered over the next few years.
Swiber Holdings Limited has received a Notice of Award from a leading oil and gas operator in South Asia worth approximately US $125 million. 
The cassation court in St. Petersburg has decided in favour of Odfjell against the Russian state-owned yard Sevmash. Thereby the court confirms the decision of the state commercial court in Arkhangelsk allowing enforcement of the arbitral award, which now with interest is about USD 50 million.
Operator Tullow Oil believed the GM-ES-1 well had the potential to open up a major new oil province in Guyane, with a significant number of further prospects and leads already identified.
The threat by international sailors' unions to boycott "high risk" oil sea lanes out of the Middle East because of frequent acts of piracy might prove a bigger risk to the smooth flow of crude from the oil-rich region than the disruption of Libyan oil exports, shipping sources said Thursday.
LIBYA's ports have been bypassed as shipping lines divert cargo elsewhere fearing the safety of their crews, or having ships stalled in port as dockers abandon their posts because of the civil unrest.
CMA CGM Group announces the launching as from April of an eco-calculator accessible to all its customers via its e-business platform.
Technip was awarded an installation contract, worth more than €20 million, by EOG Resources United Kingdom Limited, for the development of the Conwy field, located in the East Irish Sea. 
Vantage Drilling Company ("Vantage, or the "Company") (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) today announced that it has signed a definitive agreement to provide services related to design, construction and commissioning on behalf of Aker Drilling ASA ("Aker Drilling") of two Ultra deepwater drillships being built at Daewoo Shipbuilding & Marine Engineering Co., Ltd. ("DSME") shipyard in Okpo, Korea.
China's Qingdao Beihai Shipbuilding Heavy Industry has won three 180,000-dwt capesize bulkers from Shandong Shipping for delivery in 2012 and 2013.
Japan's Tsuneishi Shipbuilding won 10 newbuilding contracts last year centering on small- and mid-size bulkers, so its four shipyards in and outside Japan have secured enough workload by the end of 2013.
China's shipbuilding industry has shown signs of full-scale recovery since the beginning of the year.
The Indonesian government has decided to exclude foreign vessels operating in oil and gas from a new cabotage rule that will be issued April 7, which allows the vessels to continue operating in gas and oil exploration in the country, a senior official of the Energy Ministry said here on Thursday.
Two Singapore units of Drydocks World LLC, the ship repair unit of state-owned Dubai World, which is attempting to restructure $24.9 billion of debt, were sued in Singapore’s High Court for not paying suppliers.
Havila Shipping ASA is contemplating a new secured bond issue with maturity in March 2017. The bond loan will be NOK 600 million.
Western Australian shipbuilder Strategic Marine’s Singapore shipyard has delivered another 40m offshore oil and gas support vessel to Malaysia.
Hercules Offshore, Inc. today reported a loss from continuing operations of $84.6 million, or $0.74 per diluted share, on revenue of $172.3 million for the fourth quarter 2010, compared with a loss from continuing operations of $26.9 million, or $0.23 per diluted share, on revenue of $176.4 million for the fourth quarter 2009. Fourth quarter 2010 includes a non-cash impairment charge on property and equipment of $125.1 million. On an after tax basis, this adjustment approximated $81.3 million, or $0.71 per diluted share.
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