Malaysian Daya Offshore Construction and Norway’s Siem Offshore have once again prolonged the sale completion of the Offshore Subsea Construction Vessel (OSCV) Siem Daya 1, this time until September 30, 2015, Siem Offshore said Wednesday.

Japan’s JX Nippon Oil & Gas Exploration Corporation has executed a farm-in agreement with Ecopetrol fo a 30% participating interest in Block FZA-M-320 located offshore in the Foz do Amazonas Basin.

Oil swung between gains and losses in New York as further declines in China’s stock market fanned concern that its fuel demand may slow while global crude markets remain oversupplied.

Brazilian international conglomerate Camargo Correa is poised to make a multimillion dollar payment to buy its way out of future possible ramifications of the Petrobras scandal, according to reports in Brazilian newspaper Folha on Friday.

Despite the slowdown, production growth in the Eagle Ford remains resilient as sweet spots emerge across all active sub-plays according to Wood Mackenzie's North America Key play analysis.

When oil futures markets crash - as they have this summer - physical markets often move the other way as refiners jump on the opportunity offered by cheap oil to stockpile.

Schlumberger Limited and Cameron today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction.

Oilfield services company Schlumberger acting as adviser in early British shale development.

THE company behind proposals for Scotland’s first underground coal gasification (UCG) project in the Firth of Forth has put them on hold indefinitely.

RN-Aircraft, a company of Rosneft group, and the Canadian Viking Air Limited signed supply contract for 10 aircrafts.