Royal Dutch Shell and Eni won dismissal of a $1 billion UK lawsuit brought against them over allegations they knew about bribes in a Nigerian oil deal.

Royal Dutch Shell has begun drilling the Saturn block in the Santos pre-salt basin, the company's Brazil chief said on Thursday, adding that Brazil faces hurdles to remain attractive in a low-price environment.

Oilfield services company Archer has won a contract for the provision of modular drilling unit and associated services aboard TAQA's Cormoran Alpha platform in the UK North Sea.

Sir Winston Churchill once admonished leaders to never let a good crisis go to waste. Wall Street banks and other large banks have been paying attention: They were shrewd enough to seize the opportunity presented by the last financial crisis to get hard-nosed government agencies to approve giant M&A deals they would otherwise have frowned upon.

The revival of Libya’s oil industry looks even less certain following recent setbacks suffered by Khalifa Haftar, the commander trying to take over the last swaths of the country outside his control.

Royal Dutch Shell will use measures including voluntary severance for staff to bolster its finances as the coronavirus pandemic batters profits, according to people with knowledge of the matter.

A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, according to people familiar with the matter.

Danish offshore vessel owner Maersk Supply Service has won a contract for the removal of the Dunlin Alpha platform’s subsea conductors and guide frames in the UK North Sea, by Fairfield Betula Limited.

National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.

UK-based rig inspection company Aberdeen Drilling Consultants (ADC) has launched what it calls a "resilience audit" aimed at helping the global oil and gas industry maintain safe operations by protecting against the spread of COVID-19 on offshore installations.