Premier Oil, together with its joint venture partners Talos Energy and Sierra Oil & Gas, has been awarded Blocks 2 and 7 in Gulf of Mexico.

The structure of the oil market is shifting with the one-year price curves for global Brent and U.

Russian Major oil and gas companies are uniquely positioned to take advantage of the current macro-economic environment and favourable fundamentals, and to withstand any prolonged period of oil price weakness, according to the latest analysis from Wood Mackenzie.

Subsea 7 has signed an agreement to form an alliance with Houston-based KBR, Inc.

More than 100 jobs are under threat as a leading North Sea helicopter operator enters a consultation with staff.

The former Aker Solutions company Akastor is planning to reduce its workforce by a further nearly 600 by the end of the year, after already cutting staff by 13.

Lundin Norway AS has completed the installation of the topside modules on the Edvard Grieg field, offshore Norway.

ABB, power and automation technology group, has received orders worth around $100 million, from Hyundai Heavy Industries for electrical and telecommunication systems to be supplied for an oil field project offshore Abu Dhabi.

A joint venture set up by Plexus Holdings in Malaysia has won a licence to manufacture and supply its specialist well-head technology throughout the south-east Asian country.

Tong Jinquan, a Chinese billionaire, has increased its stake in Seadrill, an Oslo-listed offshore drilling contractor.