The Chouest Group has acquired Houma, La.-based Champagne Energy Solutions (CES), previously known as Champagne Energy & ...

China National Offshore Oil Corporation (CNOOC) has plans to decommission 171 oil and gas platforms offshore China over the next 12 years as fields age and reservoirs are depleted, according to the ...

March 5 (Reuters) - The Trump administration said on Thursday it would replace a Biden-era rule that required some oil and gas companies to set aside billions of dollars in extra funds for ...

Oil companies are being forced to cut spending due to a fall in global oil prices, threatening funds earmarked to dismantle dated off-shore rigs, despite environmental risks. A drastic drop in revenue ...

McDermott will develop a technical and commercial framework and conduct techno-economic studies to ensure the safe and systematic retirement and removal of 27 aging offshore platforms. Feb. 2, 2026 ...

The proposed rule change aims to lower bond requirements for offshore oil and gas producers, especially benefiting small businesses, but faces criticism from environmental ...

HOUSTON, Feb. 1, 2026 /PRNewswire/ -- McDermott has been awarded a decommissioning definition engineering contract by QatarEnergy for the State of Qatar's inaugural offshore decommissioning initiative ...