Norwegian oil and gas giant Statoil has reported net income of NOK 10.

CAPE Holland successfully deployed its first commercial application of the new Vibro Lifting Tool (VLT) to install four piles in 90m water depth at the Maersk-operated Culzean field in the UK North Sea.

Oil prices fell to their lowest in nearly six months on Tuesday, as a rout in the Chinese stock market cast further doubt over the outlook for crude demand in the world's top commodities consumer.

BP's second-quarter profit slumped by nearly two thirds from a year ago as it grappled with lower crude prices and took a huge $10.

Libya has become a major headache for European oil companies as a four-year conflict forced BP Plc to join Total SA in writing off millions of dollars in investments in the North African country.

A major milestone has been reached in Babcock’s delivery of 73 subsea structures for BP’s Quad 204 offshore redevelopment project, 130km West of Shetland, forming an integral part of the major investment in the upgrading and replacement of the subsea facilities to enable the full development of the reserves.

Technip has been awarded an engineering, procurement, construction, installation and commissioning contract by Petronas Carigali for the tie-in of Petronas’ first Floating Liquefied Natural Gas (PFLNG1) facility, offshore Malaysia.

The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, and Eni’s CEO, Claudio Descalzi, have signed an update to the Head of Agreement signed in March 2015.

Russian business would consider resuming energy contracts in Syria worth $1.

State-owned Oil and Natural Gas Corp (ONGC) plans to invest over USD 8.