A consortium of two companies, the U.

National Oilwell Varco, Inc.

A worker has been injured in an industrial accident at a North-east engineering firm.

Chevron Corp, the second-largest U.

Leading oil and gas firm Wood Group PSN plans to make up to 200 of its North Sea workforce redundant.

BP Plc said an oil price slump won’t reverse any time soon, at least the fifth time this year Europe’s third- largest oil company predicted no rebound is close.

Norwegian oil services firm Subsea 7 reported a smaller-than-expected fall in second-quarter earnings on Wednesday and said it would cut costs by up to $550 million by early next year as it whittles down its fleet and reduces staff.

Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has been awarded new blocks in the UK’s 28th offshore licensing round.

Total has signed an agreement to sell 20% of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, located in the West of Shetland area, to SSE E&P UK Limited Ltd for £565 million (around $876 million), subject to the customary approvals.

Dragados Offshore, an engineering, procurement, and construction (EPC) contractor for the oil and gas industry, Saturday loaded out the jacket for the Mariner project, located in the UK North Sea.