Prosafe, an owner and operator of semi-submersible accommodation vessels, has signed a contract with an undisclosed client for the provision of an accommodation vessel in the UK sector of the North Sea.

A large-scale search has been launched for a man who fell overboard from a boat off the coast of Aberdeen.

Edda Freya, Ostensjo Rederi’s new offshore construction vessel, was launched on Saturday, August 15, in the Kleven yard in Norway.

BP is facing millions of dollars in fines after an American judge has ruled the British oil major manipulated US gas markets in the aftermath of a hurricane in 2008.

Taking advantage of the developing oil and gas hub of Darwin, ASCO Group took over management of Shell’s operations and maintenance logistics and supply base in late June, further expanding its Australian footprint.

American companies such as ExxonMobil have been severely affected by the sanctions on Moscow.

South Africa, reliant on imports for 70 percent of its oil needs, intends to more than double domestic production to become more self-sufficient and boost the economy.

If crude’s slump back to a six-year low looks bad, it’s even worse when you reflect that summer is supposed to be peak season for oil.

OAO Rosneft increased drilling for oil and gas by 27% in the first seven months of the year, bucking the trend of international oil companies as prices slump.

The Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s Heimdal operations, in the North Sea, offshore Norway.