GAS, member of Lighthouse Group, has been awarded a long-term contract from Saipem to provide offshore survey services on board the dive-support vessel Akademik Tofiq Ismayilov on BP-operated Shah Deniz field in the Caspian Sea.

Royal Dutch Shell and Petromanas Energy have been named as the successful bidders for Block 4, onshore Albania, by the Albanian National Agency of Natural Resources (AKBN).

Shell has signed an agreement to sell its 75% stake in Tongyi Lubricants in China to Huo's Group and The Carlyle Group.

Paragon Offshore, a provider of offshore drilling rigs to the oil and gas industry, today announced that it had received a letter from The New York Stock Exchange (the NYSE) notifying it that, for 30 consecutive trading days, the price for Paragon’s common shares was below the minimum $1.

As oil prices turn lower again, many companies in the oil patch face renewed danger of financial distress or even bankruptcy over the next couple of years.

Are we in an oil bust worse than the famous crash of 1986? The investment bank Morgan Stanley thinks so.

Mexico’s oil regulator agreed Tuesday to a slew of rule changes for its oil and gas license auction in the hopes of encouraging more companies to bid after a disappointing first round.

Oil is an inherently cyclical business.

Norwegian giant Statoil’s Mariner field in the North Sea is a US$7 billion investment for the company.

Wellscope is a new innovative process, developed by Aberdeen-headquartered LR Senergy, which can be used to model an entire well and subsequently identify production optimization options.