Latest News

GE and Noble Corporation team-up to provide Digital Rig solution

GE and Noble Corporation team-up to provide Digital Rig solution

BP discovers gas resource in North Damietta Concession offshore Egypt

BP has made a further gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt....

BP discovers gas resource in North Damietta Concession offshore Egypt

Maersk Oil begins production from Flyndre field in North Sea

Maersk Oil has announced the start of production from Flyndre field in the UK and Norwegian North Sea....

Maersk Oil begins production from Flyndre field in North Sea

Oil price improves on weak dollar

Oil prices have surged due to weakened US dollar and disruption of crude supplies from...

Oil price improves on weak dollar

Wood Group gets North Sea platform services contract from Premier Oil

Wood Group gets North Sea platform services contract from Premier Oil

Oil prices fall to $50 as doubts raise of output-cut extension

Oil prices have dropped towards $50 a barrel amid growing uncertainty as to whether OPEC will extend the output-cut deal beyond June to eliminate the global oversupply....

Oil prices fall to $50 as doubts raise of output-cut extension

Saipem teams up with Siemens on subsea control system technology

Siemens has signed a development agreement to promote an open standard Subsea Control Systems for Saipem's Subsea Bus architecture based on Siemens Subsea DigiGrid....

Saipem teams up with Siemens on subsea control system technology

Statoil secures 13 leases in Gulf of Mexico

Statoil secures 13 leases in Gulf of Mexico

Deals this week: Borr Drilling, Hyperdynamics, JDR

Borr Drilling Limited has signed a letter of intent with Transocean Ltd to acquire 15 shallow water jack-up drilling rigs....

Deals this week: Borr Drilling, Hyperdynamics, JDR

OGA awards 25 offshore licences to 17 companies in UKCS

The Oil and Gas Authority (OGA) has awarded 25 licences for 111 blocks or part blocks to 17 companies in the 29th Offshore Licensing Round, enabling further exploration and production...

OGA awards 25 offshore licences to 17 companies in UKCS

Eni gains majority stakes in two new blocks in offshore Ivory Coast

Eni gains majority stakes in two new blocks in offshore Ivory Coast

Oil prices recover from four-month low after dropping from US stock rise

Oil prices are slowly recovering from a four-month low after the US reported a substantial increase in stocks that concerned investors about the effectiveness of OPEC-led output cuts....

Oil prices recover from four-month low after dropping from US stock rise

JDR and Proserv form alliance for West African offshore operations

Subsea cables and umbilicals supplier JDR is to expand its presence in West Africa after entering a partnership agreement with Proserv Instrumentation Nigeria. ...

JDR and Proserv form alliance for West African offshore operations

Statoil and partners award FEED contracts for Phase 2 development of Johan Sverdrup

Statoil and partners award FEED contracts for Phase 2 development of Johan Sverdrup

Subsea 7 wins Mad Dog contract in Gulf of Mexico

Subsea 7 wins Mad Dog contract in Gulf of Mexico

Oil prices slip as US crude production surges

Oil prices have dropped amid reports of another increase in US crude stocks that triggered concerns among investors over the ongoing global oversupply....

Oil prices slip as US crude production surges

Borr Drilling to buy Transocean's 15 jack-up rigs for $1.35bn

Borr Drilling has signed a letter of intent with Transocean to acquire 15 high-specification jack-up rigs for approximately $1.35bn....

Borr Drilling to buy Transocean's 15 jack-up rigs for $1.35bn

L&T Hydrocarbon secures $245m offshore contract from ONGC

Larsen & Toubro subsidiary L&T Hydrocarbon Engineering (LTHE) has received a $245m offshore contract from Oil & Natural Gas Corporation (ONGC) to redevelop Neelam field and B173AC Project....

L&T Hydrocarbon secures $245m offshore contract from ONGC

OGA joins TNO to explore oil potential in southern North Sea

The Oil and Gas Authority (OGA) has joined the Netherlands Organisation for Applied Scientific Research (TNO) on Hypo-Lias exploration campaign in the southern North Sea to identify...

OGA joins TNO to explore oil potential in southern North Sea

Oil prices increase over hopes of OPEC-output cut extension beyond June

Oil prices increase over hopes of OPEC-output cut extension beyond June

Oil prices plummet amidst increasing US drilling activity and steady OPEC supply

Oil prices slipped succumbing to rising US drilling activity and a steady supply from OPEC countries despite production cut...

Oil prices plummet amidst increasing US drilling activity and steady OPEC supply
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