The Scottish government’s latest oil forecasts show that the country would be more than £7bn a year worse off if it became financially independent, a new analysis has predicted.

Oil rig inspection is a dangerous business.

Persistently low oil prices have already inflicted economic pain on oil-producing countries.

Gazprom Neft has brought its second well into production at Prirazlomnoye field, with output totaling 1,800 tonnes per day.

Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania.

CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Roc Oil (China) Company (ROC) for Blocks 16/07 and 03/33 in the South China Sea.

PT Bahari Lines, in partnership with Nordic Geo Services Ltd of Singapore, has won two 2D marine seismic data acquisition & processing service projects in Indonesia.

Singapore’s Otto Marine Limited has taken delivery of a 238-men Work Maintenance Vessel to fulfill a long-term charter deal it signed in June.

No leaks, no spills, no impact on climate change.

Top shale oil producer Pioneer Natural Resources Co (PXD.