The world's oil and gas exploration companies are expected to cut capital expenditures 17 percent this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company released on Wednesday.

Allseas’ Pieter Schelte, the world’s largest platform installation & decommissioning and pipelaying vessel, has reached The Netherlands following a long trip from South Korea’s Daewoo Heavy Industries’ yard.

Ocean Rig UDW Inc.

Trapoil has announced that a contract has been signed for a jack-up rig for the drilling of a well to test the Niobe prospect, in the North Sea.

Workers at the Hibernia offshore oil platform in Canada, represented by Unifor, have voted to accept a new collective agreement with their employer.

Triyards Holdings Limited , an offshore vessel fabrication and engineering solutions provider to the oil, gas and marine industry, has received $75.

Chevron discusses what it takes to deploy the technology and deliver first oil from the Jack/St.

McDermott International received authorization from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone.

Production testing on Karoon Gas Australia's Kangaroo-2 appraisal well offshore Brazil saw flow rates reach 3700 stb/d on a choke, says the firm.

Starting this month Maersk Training will enter into a global training agreement with an international offshore drilling contractor Transocean.