SBM Offshore, a Dutch company providing FPSO units to oil and gas industry, has signed a memorandum of understanding (MoU) with Brazil’s Comptroller General’s Office (Controladoria-Geral da União – CGU), the Attorney General’s Office (Advocacia-Geral da União – AGU).

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Brent oil prices fell towards $53 a barrel on Wednesday on oversupply concerns as U.

Xcite Media, the company behind Europe’s “first and only oil and gas event focusing solely on topsides operations”, Topsides UK, are anticipating a successful 2016 event after launching to a full house.

The Chancellor of the Exchequer has delivered his 2015 budget and has handed the North Sea a £1.

BG Group has today announced that the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel had started production from the Knarr oil field in the North Sea, offshore Norway.

Operator Statoil has together with PL218 partners made a gas discovery in the Snefrid Nord prospect in the Norwegian Sea.

Nexen Energy ULC (Nexen), a subsidiary of CNOOC Limited, has announced organizational changes that will reduce its North American workforce by approximately 340 employees.

Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia.

MEO Australia Limited has said it has been informed by the international exploration company (the Farminee) that it has received final board approval to proceed with the exercise of its option to farm into MEO’s WA-488-P permit, offshore Australia.