DOF Subsea has reached an agreement with Subsea 7 for the chartering of three vessels.

Tullow Oil Plc, an Africa-focused energy producer, reported a smaller first-half loss after exploration writedowns shrank.

Royal Dutch Shell Plc said it’s preparing for a “prolonged downturn” by cutting thousands of jobs and slashing billions of dollars in investments over the next two years.

Italian oil contractor Saipem slashed its guidance for the year on Tuesday as it booked writedowns of 929 million euros ($1 billion) and announced a restructuring plan that includes 8,800 job losses as it cuts costs to counter falling oil prices.

Singapore’s Sembcorp Marine (Sembmarine) has achieved a net profit of $215 million for the six months ended June 30, 2015, a decline of 15% compared with 1H 2014 as industry conditions continued to be weak on low oil prices and the sharp fall in global oil & gas capex spend.

Subsea 7 today announced the award of a contract with a value of approximately $500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt.

Contractor Robert Greenacre, 24, was working under a distillation column containing hot crude oil, which was released and caught alight at the huge plant in North Killingholme, North Lincolnshire five years ago.

Shell’s Arctic drilling plans have hit yet another obstacle as the Greenpeace activists have suspended themselves from St.

BP Plc and Chevron Corp.

Statoil has informed that production from the Gullfaks South (GSO) fast-track project for improved oil recovery in the North Sea has started on July 27, 2015.