Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expects unfavorable market conditions to persist for the rest of the year.

Oil firms trying to sell ageing North Sea oilfields are considering shouldering hundreds of millions of dollars in future dismantling costs to help find buyers, industry sources say.

A legal challenge has been launched by The British Airline Pilots’ Association (Balpa) to delay the release of the black boxes from the August 2013 Super Puma crash off Shetland in which four passengers were killed.

Crude oil’s worst run in four months is hurting more than just commodity traders.

Noreco Norway has informed that the Haribo exploration well in the North Sea has been drilled to total depth without encountering hydrocarbons.

Dozens of jobs are under threat at an airport used as a gateway to the North Sea by the oil industry.

The world’s two largest oilfield service providers shrugged off a yearlong crude market crash with better-than-expected quarterly results in North America, helped by aggressive cost cuts from downsizing.

Premier Oil Plc, the London-based producer that won rights to explore for Mexico crude last week, sees a “very good indication of oil and gas” in the most coveted of the blocks auctioned.

With the sail away of the Cygnus Alpha Compression Module yesterday evening (July 20, 2015), the last of four main structures left Heerema Hartlepool, part of Heerema Fabrication Group (HFG), after two and a half years of construction.

VAALCO Energy, Inc.