Shell has spudded the Portrush exploration well in the Norwegian Sea, Faroe Petroleum, a partner in the PL793 licence said on Wednesday.

Schlumberger Limited, the world’s largest oilfield services provider, and Cameron, a provider of flow equipment products, systems and services to oil, gas and process industries, today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction.

Falling investments combined with a slump in oil prices are proving painful for Norway’s economy, with almost half its exports related to petroleum.

The Norwegian Petroleum Directorate (NPD) has granted the licensees of Gullfaks Sør consent for start-up and operation of new subsea wet gas compressor and umbilical on the Gullfaks field in production licence 050, in the northern North Sea.

Gas giant Qatar is becoming commercially sharper, using traders and tenders to grab new customers, and fighting to hold on to its share in the prized Asian market.

Gulf Marine Services (GMS), a UAE-based provider of self-propelled self-elevating support vessels (SESVs), on Tuesday reported a rise in its 1H 2015 revenue.

Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, Iran's Oil Minister Bijan Zanganeh said on Tuesday.

Russia has been ordered to pay compensation to the Netherlands, for unlawfully seizing the Arctic Sunrise vessel in September 2013, according to a ruling brought by a tribunal in The Hague.

East Africa is “fast becoming one of the world's most interesting oil and gas hotspots” and can be expected to attract “tens of billions of dollars of investment over the next decade”, according to new research.

Encana Oil & Gas (USA) Inc.