Panoro Energy has commenced drilling on the Aje-5 production well on the OML 113 license, offshore Nigeria.

Turkey is well placed and an increasingly significant hub for oil and natural gas transit from the Middle East, Central Asia and Russia to Europe and the Atlantic, the U.

Seabed Geosolutions, a joint venture between Fugro and CGG, has secured two new contracts worth approximately $180 million.

Royal Dutch Shell plc has announced that its recommended combination with BG Group plc has received unconditional merger clearance from the Brazilian competition authority (CADE), satisfying the first of the pre-conditions to the combination.

Dubai stocks retreated, leading equity markets lower across the Gulf, after oil dropped to the lowest in four-months and some investors sought to benefit from the DFM General Index’s rally last week.

Dutch Shipyard De Hoop has delivered first in a series of ten platform supply vessels (PSVs) to Esnaad, the operating company of the Abu Dhabi National Oil Company (ADNOC).

Oil product inventories surged to their highest since at least 1999, signs that markets are struggling with a supply glut that could prompt refineries in the region to cut rates, traders and analysts said on Thursday.

Red Emperor Resources NL has today received formal notification from the Department of Energy of the Republic of the Philippines that approval for the assignment of the company’s 15% working interest in Block SC55 has been granted.

KBR has received an award associated with the Fort Hills oil sands mining project.

Maersk Drilling has been awarded a contract extension for the jack-up rig Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, offshore Norway.