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Statoil and Eni hire Bristow helicopters for offshore operations

Statoil and Eni hire Bristow helicopters for offshore operations

Oil prices remain stable as fall in OPEC supplies offsets rising US production

Oil prices have remained largely stable as the Organization of the Petroleum Exporting Countries (OPEC) countries indicated a fall in supplies but the impact was largely offset due to rising...

Oil prices remain stable as fall in OPEC supplies offsets rising US production

Inpex to gain 40% interest in Barents Sea exploration licence

Inpex has entered an agreement with Bayerngas Norge to acquire a 40% participating interest in PL767 exploration licence in the western Barents Sea, Norway, for an undisclosed...

Inpex to gain 40% interest in Barents Sea exploration licence

Qinterra unites two well intervention companies

Qinterra Group has united operations of its North Sea well intervention specialist Altus Intervention and international technology arm Qinterra Technologies to form a global company that...

Qinterra unites two well intervention companies

Oil prices improve over fall in rig count

Oil prices have improved over the reports of fall in US drilling activity and with the support of rising refinery production after the impact of hurricane...

Oil prices improve over fall in rig count

Oil prices steady after strong gains due to higher demand forecast

Oil prices have remained steady following significant gains in the earlier session after the International Energy Agency (IEA) predicted stronger demand....

Oil prices steady after strong gains due to higher demand forecast

Seadrill announces restructuring plan to raise $1bn capital

Offshore driller Seadrill has secured nearly $1.06bn of new capital after entering a restructuring agreement with more than 97% of its secured bank lenders, nearly 40% of its bondholders and...

Seadrill announces restructuring plan to raise $1bn capital

Oil prices decline as US crude stocks soar

Oil prices have slipped on the reports of a significant increase in US crude inventories despite holding some gains of the previous trading session after OPEC predicted higher demand next year....

Oil prices decline as US crude stocks soar

Oil prices down as traders determine US hurricanes impact

Oil prices down as traders determine US hurricanes impact

Oil prices increase as Saudi Arabia plans to extend supply cut deal

Oil prices have risen after Saudi Arabia's Oil Minister Khalid al-Falih reportedly discussed extending the ongoing crude supply cut deal beyond March next year with his Venezuelan and...

Oil prices increase as Saudi Arabia plans to extend supply cut deal

RGU and Nippon Foundation sign deal to train offshore engineers

RGU and Nippon Foundation sign deal to train offshore engineers

Oil prices decline over Hurricane Irma concerns

Oil prices have dropped significantly over apprehensions that Hurricane Irma in the Caribbean could disrupt crude shipments in the US and on reports of an increase in Libyan crude output...

Oil prices decline over Hurricane Irma concerns

BP launches new vessel for Shah Deniz Stage 2 project

BP-led Shah Deniz consortium has launched its new subsea construction vessel called Khankendi, which has been designed to support the Shah Deniz Stage 2 project in the Caspian Sea....

BP launches new vessel for Shah Deniz Stage 2 project

Oil prices fall as another hurricane set to hit Caribbean coast

Oil prices have slipped due to a lack of crude demand as several US refineries in the Gulf coast continue to remain closed after the impact of Hurricane Harvey and growing concern over...

Oil prices fall as another hurricane set to hit Caribbean coast

US crude prices rise as refineries restart production

US oil prices have improved as refineries in the Gulf region of the country that closed after storm Harvey have resumed production....

US crude prices rise as refineries restart production

Oil prices fall following North Korea’s hydrogen bomb test

Oil prices have dropped after reports of a powerful hydrogen bomb test conducted by North Korea prompted traders to shift their investment to gold futures, a more stable commodity....

Oil prices fall following North Korea’s hydrogen bomb test

Synertec wins two offshore contracts for Caspian Sea

Australia-based SML's subsidiary Synertec has secured two design and supply contracts from North Caspian Operating Company NV (NCOC) for operations off the coast of...

Synertec wins two offshore contracts for Caspian Sea

BHGE wins second contract for Coral South FLNG project, Mozambique

GE company Baker Hughes has secured a second contract to provide rotating equipment for the power and gas refrigeration process of Eni East Africa’s (EEA) Coral South FLNG development in...

BHGE wins second contract for Coral South FLNG project, Mozambique

Aker Solutions gains Norwegian offshore contract from Shell

Aker Solutions gains Norwegian offshore contract from Shell

US oil prices set to post losses as demand falls

US crude oil prices are set to experience the sharpest monthly losses in more than a year due to falling demand in the country after storm Harvey forced around a quarter of refineries in...

US oil prices set to post losses as demand falls

KUFPEC to acquire 15% stake in Gina Krog field from Total for $317m

KUFPEC to acquire 15% stake in Gina Krog field from Total for $317m
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