Iran will start sending 300,000 bpd of crude to Europe, 54% of the total it shipped before authorities on the continent put an embargo in place.
HOUSTON -- The European Commission has cleared Schlumberger and Cameron's proposed merger without any conditions following a Phase 1 review.
Siemens UK & Ireland has formed a strategic partnership with oil and gas control system specialist EFC Group, in a collaboration which promises to deliver innovative, cost-saving solutions for the industry.
Unite, Britain’s biggest offshore oil trade union, has warned the UK government that billion-pound losses announced this week by oil industry supermajors could, without serious interventions, bring an end to meaningful production in the North Sea within years.
Sound Energy achieved first commercial gas production from the company’s wholly owned Nervesa gas discovery on Wednesday, the company said in a statement.
Lundin Petroleum suffered its biggest ever quarterly loss as the collapse in oil prices forced the Swedish explorer to book impairment charges.
Statoil has awards contracts, with a combined value of approximately NOK 1.6 billion, for Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog.
Aker Solutions' maintenance, modifications and operations (MMO) business in Norway has secured two contracts for work at North Sea fields operated by ConocoPhillips.
Norway's Petroleum Safety Authority on Monday slammed oil and gas producer Statoil ASA for serious breaches of regulations after a 2015 leak at Gudrun field in the North Sea
Statoil has awarded Bristow Norway contracts for personnel transportation from Bergen and Florø starting on May 1, 2017.
Welcoming the further measures to boost the UK oil and gas industry announced by the Prime Minister at a meeting with senior industry leaders this afternoon, Deirdre Michie, Oil & Gas UK’s chief executive, said: “The Prime Minister has signaled his on-going commitment to the UK oil and gas industry, which we very much welcome."
Marathon Oil has awarded JDR a contract for the design and manufacture of 11.3 km of power and static subsea umbilicals, with accompanying termination hardware, for West Brae field.
Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg field development in the Barents Sea.
Statoil has awarded Aker Solutions a front end engineering design (FEED) contract for the tie-in of Trestakk field to the Åsgard A production vessel in the Norwegian Sea.
Project Development International (PDi) is under new ownership following its acquisition by Tattva International Holdings, the Aberdeen-based company said Monday.
The head of the Organization of Petroleum Exporting Countries said he wants oil producers outside the group to assist in reducing the global oversupply, signaling once again that OPEC won’t make output cuts alone.
Royal Dutch Shell, Total and Statoil, three of Europe’s biggest oil producers, were among more than 100 energy companies whose credit ratings were placed on review for possible downgrade by Moody’s Investors Service.
Lundin Norway has completed the drilling and evaluation of exploration well 6407/10-4 on the Lorry prospect.
AVEVA has entered a multiyear agreement with Statoil ASA for AVEVA Everything3D™ (AVEVA E3D™). The Norwegian Energy owner operator has selected AVEVA E3D to be its strategic 3D design software platform.
Royal Dutch Shell Plc, which is buying BG Group Plc in the industry’s largest deal in a decade, expects fourth-quarter profit to drop at least 42% after the rout in crude prices deepened.