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Several states oppose Trump's drilling license sales

Multiple coastal states in the US are seeking exemption from a planned sale of new oil and gas licenses in US waters. One state is already exempt. The expansion is part of President Donald Trump's efforts to strengthen the oil industry.

Petrobras enters billion-dollar settlement in US case

Brazilian oil company Petrobras has agreed to settle in a US case, in which several investors accused the company of inflicting losses on them in connection with a huge corruption scandal. The settlement is worth billions of US dollars.

Authorities postpone key decision on sunken Maersk vessels

The Danish Maritime Authority will not complete its investigation of the sinking of two Maersk vessels before Christmas. The two offshore vessels sank off the coast of France a year ago. The investigation could result in police charges.

Siem companies give up on deal with cable business

The negotiations between Siem Offshore and Subsea 7 regarding a deal with Siem Offshore Contractors have ended with nothing to show for it. Norwegian shipping magnate Kristian Siem has stakes in both companies.

BW Offshore scales back new investments

BW Group's offshore carrier BW Offshore maintained its hard-won profit on the bottom line in the third quarter, but the market remains strained going forward, says the company in its financial report.

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