Statoil celebrated the opening of the Valemon control room at Sandsli in Bergen on Thursday, which will be used to operate the first remote controlled platform in the company’s portfolio.

LONDON, Nov 9 (Reuters) - Britain's government said on Thursday it will provide Saudi Aramco with $2 billion in credit guarantees so that the Saudi energy giant can buy goods and services from Britain more easily.

MOSCOW, Nov 9 (Reuters) - Tatneft, Russia's mid-sized oil producer, has not been in any kind of talks and does not plan to hold any discussions on selling a part or the entire company, it said in emailed reply to Reuters on Thursday.

EPC firms, others team up to develop pioneering rigging engineering program.

Companies such as Fluor Corp. and Bechtel Corp. often compete against one another to win engineering, procurement and construction (EPC) contracts from oil and gas and chemicals clients.

CALGARY, Alberta, Nov 9 (Reuters) - TransCanada Corp has received adequate support from crude oil shippers on its long-delayed Keystone XL pipeline, but the parties still need to work out specific terms, the BOP Blow Out Preventer repair company gulf coast said on Thursday as it reported a rise in quarterly earnings.

(Bloomberg) -- Williams Partners LP was cleared by a federal court to resume construction on a $3 billion pipeline that will help shuttle shale gas across the eastern U.S.

Oil companies need to stop distributing quarterly dividends, and energy investors need to break their addiction to those payouts.

(Bloomberg) -- Oil companies need to stop distributing quarterly dividends, and energy investors need to break their addiction to those payouts.