Primeline Energy Holdings, an independent China focussed oil and gas exploration and production company, has entered into a turnkey drilling contract with China Oilfield Service Ltd.

Ultra Deep Group (UDS) has signed a contract with China Merchants Heavy Industry to build one Ultra Deep Installer – Multipurpose Diving Support Construction Vessel.

Lukoil has closed a deal to sell its 50% share in Caspian Investments Resources to China's Sinopec.

Songa Offshore, an offshore drilling contractor listed on the Oslo exchange, on Friday reported a net profit of $17 million for the second quarter of the year.

Oceaneering, a subsea engineering and applied technology company based in Houston, has made several new appointments including those of a chief financial officer (CFO) and chief operating officer (COO).

A leak originating from a crude oil tank has been detected at the Lévis Jean Gaulin Refinery during a routine inspection conducted earlier today.

Mexico has concluded its vast oil hedging program for next year, paying more than $1 billion to guarantee it will get at least $49 a barrel for about half of its exported crude in 2016.

It was reported on Monday that BALPA, the British Airline Pilots Association, had called its helicopter pilots operating in the North Sea for a ballot on strike action.

The UK's oil and gas regulator is offering 27 onshore blocks in England from the 14th Onshore Oil and Gas Licensing Round to 12 companies where licences to frack for shale oil and gas are included.

Awilco Drilling, a UK based drilling contractor, on Wednesday reported its net profit for the quarter was $35.