Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain's North Sea, forcing operators to cease production earlier than planned and adding to fears of a domino effect in mature areas.

It's been about a year since oil prices started their historic drop, falling from above $100 a barrel to a bottom of about $45 in March.

Providence Resources, the Irish oil and gas exploration and appraisal company, has been granted an extension to the Licensing Option (LO 13/04), located offshore Ireland.

Lundin Norway AS has completed wildcat well 10/4-1 located in the North Sea offshore Norway.

The Australian Transport and Safety Bureau (ATSB) is investigating a fatal accident on board anchor handling tug supply (AHTS) vessel Skandi Pacific, 166 km NW of Karartha, WA (on the Northwest Shelf).

Norway’s oil industry, already struggling after crude prices collapsed last year, is being dealt another blow as an Iranian nuclear deal promises to boost global supply.

Bibby Subsea ROV, LLC, a provider of Diving and Diverless Support Vessels, manned diving, ROV & Engineering services, and Aqueos Corporation, a provider of manned diving and other subsea services, have formed an alliance to jointly provide subsea services.

China regained its status from the U.

Sea Trucks Group has secured its first contract in Brazil, the Netherland-based company has informed.

Oil production from U.