Transocean’s ultra-deepwater semisubmersible rig, Sedco Express (EXS), was working offshore Nigeria for customer ENI when it received news of a nearby fuel tanker on fire. 

Unimin Corp. has opened its newest proppant distribution terminal in Lubbock, TX to serve hydraulic fracturing operations in the North Permian basin and northern sections of the Cline shale.

Oslo, Norway-based Inocean has appointed Leiken Dahl Aasbø as vice president of mobile offshore drilling.

Environmentalists have made it no secret that they aren't happy with the dramatic rise of the natural gas industry, but given the current economic climate and global market demand, there's no other form of energy they should be more excited about.

As the balance of power in the oil industry shifts from large international oil companies (IOCs) to national oil companies (NOCs), business models for players throughout the industry are shifting in response.

The second most valuable industry to the Norwegian economy after oil and gas production is the Norwegian oil service sector. Making a standing start in the 1970s, this sector today generates $63 billion in revenues with 40 percent ($26 billion) of that figure coming from the sale of Norwegian technologies to foreign markets.

Let's talk about the dramatic changes that have taken place in the petroleum industry just in the past several years. It's quite a story.