Douglas-Westwood, an energy intelligence group, has said in its DW Monday report that today’s oil and gas environment has been impacted by a myriad of issues including restrained capital spending, curtailed investment and employment cuts for struggling companies across the supply chain.

Britain's North Sea oil production could be hit by the first mass worker walkouts for close to 30 years, paralysing the industry as anger grows at cost cuts introduced in response to plunging oil prices.

A mechanical fault at Chevron's 110,000 barrel a day South African refinery has forced a reduction in output by almost a third, a spokeswoman said on Tuesday, but expects to resume full output by end-August.

Aquatic Engineering and Construction Ltd, an Acteon company, has been awarded a multi-million pound contract on the $10 billion Moho Nord subsea project, off the coast of the Republic of Congo, West Africa.

Shell Offshore has awarded transportation contract of the Appomattox Platform to COSCO Shipping Company Limited.

Ampelmann, a Dutch specialist providing “walk-to-work” solutions for the offshore industry, has been awarded a contract by Boa Marine Services Inc.

Capturing the entire oil and gas workforce and all the industry’s jobs.

Vantage Drilling, an offshore drilling contractor, has called off a construction and sale contract with Daewoo Shipbuilding & Marine Engineering (DSME) for a newbuild ultra-deepwater drillship.

Oil traders are positioning themselves to profit from a further fall in prices, taking large short-positions in U.

Wood Group, a company providing services to the international oil and gas industry, has so far this year laid off 13 percent of its workforce, aiming to cut costs amid the downturn in oil and gas industry activity.