Norwegian seismic services provider TGS has announced a new multi-client 3D survey offshore Eastern Canada with plans to acquire approximately 4,300 km² of seismic data.

The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, OPEC said on Monday.

British oil giant BP has, through social media, revealed a photograph of its new Floating Production Storage Offloading (FPSO) vessel.

As strained negotiations between the Greek government and European financial ministers enter the end-game, the impact on energy markets remains uncertain.

A 330-tonne roof has been fitted on what is claimed will be Europe’s largest shale gas storage tank.

Iran would probably be capable of adding up to 800,000 barrels of oil per day and liquids to its production in the next six to 12 months if the Islamic republic reaches a nuclear deal with six major world powers this week, according to a global energy consulting firm.

Subsea 7 S.

Oil prices tumbled on Monday as Iran and six world powers closed in on a nuclear deal that would end sanctions on the Islamic Republic and let more Iranian oil on to world markets.

Keppel FELS Limited, a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Crystal Heights Holdings Limited, a company specialised in the offshore oil and gas market, to build a high specification liftboat worth $85 million.

Royal Dutch Shell Plc.