The restoration in crude oil charges for the reason that 2016 low point hasn’t been sufficient to translate to improved commercial enterprise conditions, the top of Hercules Offshore stated. Crude oil prices have rebounded sharply from lows underneath $30 in step with barrel in advance this yearas markets begin a ... Read More »

Embattled Indian tycoon Vijay Mallya’s UB Group has denied allegations that it used 4.3 billion rupees ($65 million) of bank loans to now-defunct Kingfisher Airlines to buy property overseas. Mallya, a liquor baron and lawmaker, has been at an unknown location since March 2 after Kingfisher’s creditors stepped up pressure ... Read More »

WASHINGTON, April 15  — With new offshore rules in place, a U.S. energy group said jobs and safety are at risk, though environmentalists said the BP spill in 2010 was still impactful. The Interior Department’s Bureau of Safety and Environmental Enforcement released new rules aimed at preventing loss of life ... Read More »