Searcher Seismic, in cooperation with MAGE, has announced the acquisition of the Echidna Regional Broadband 2D seismic survey covering the Porcupine & Slyne Basins and the Goban Spur offshore Ireland, is now complete.

French oil and gas company, Total, has started production from Dalia Phase 1A, a new development on its deep offshore operated Block 17, located 135 km off the coast of Angola.

Italy's Eni has discovered gas reserves of up to 15 billion cubic metres in Egypt's Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday.

Vallianz Holdings Limited, a provider of offshore support vessels, has signed new contracts valued up to $458 million that has lengthened the charter duration for 19 of its offshore support vessels (OSV) currently deployed to an existing customer in the Middle East.

Karoon Gas Australia has announced that the Levitt-1 exploration well, in WA-482-P Carnarvon Basin, offshore Western Australia, is expected to reach total depth during early August.

Petroleo Brasileiro SA, the world most indebted oil producer, is selling its controlling stake in an Argentine unit, Neuquen Province Governor Jorge Sapag said.

Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.

More offshore oil wells in the Gulf of Mexico are being abandoned with only temporary seals than in 2010, despite efforts by the Obama administration to push companies to permanently seal idling wells after the disastrous BP spill that year, an investigation by the Associated Press revealed.

The oil guru who predicted last year’s rout said $100-a-barrel crude is likely to return within five years as faltering supply fails to meet demand.

Rowan Companies, a Houston-based drilling contractor, has sold two jack-up drilling rigs effective July 1, 2015.