Energy explorers reeling from the rout in oil prices are looking for liquidity in an obvious place: their rocks.

The management team at a north east engineering firm have revealed plans that they are to downsize operations due to the current market climate.

Mid-year trade report from the U.

Anglo/Dutch oil giant Shell has reached an agreement to sell a batch of its North Sea oil fields to a pair of Malaysian oil and gas companies for an undisclosed fee.

Low crude prices and strong demand for gasoline are creating near-perfect conditions for oil refineries across the United States, especially those geared towards maximising gasoline production.

Seaway Heavy Lifting, using its vessel Oleg Strashnov, on Sunday, August 2, installed the Process Unit (PU) topside for operator GDF SUEZ E&P UK Ltd in the UK section of the North Sea.

Iranian Minister of Petroleum Bijan Zangeneh says Iran is planning to open a new chapter in cooperation with the French energy giant, Total, for the development of Iranian oil fields.

Origin Energy is entering a deal to sell 53% stake of its New Zealand subsidiary Contact Energy for approximately US$3.

Never mind Mexico’s oil reform.

A father-of-two has died after collapsing aboard an FPSO in the central North Sea.