Global Maritime Deep Sea Mooring has been awarded a contract for the provision of mooring and rig positioning services to the Australian oil and gas company Woodside.

The Commonwealth-Western Australia (WA) Offshore Petroleum Joint Authority has granted the renewal of five Commonwealth retention leases which are earmarked for the proposed Browse Floating LNG (FLNG) project operated by Woodside.

Russian gas giant Gazprom has reportedly cancelled the Turkish Stream pipeline construction contract it had with Italian oilfield services contractor Saipem.

Canadian oil company Pacific Rubiales has informed that two investors ALFA and Harbour Energy have canceled their $1.

Low crude prices present a great opportunity to drive down oil sands costs even further, adding to the 25 percent savings so far this year, some of Canada's largest producers said on Tuesday.

Royal Dutch Shell Plc and BG Group move a step further towards the proposed merger as Brazil regulators approve the deal.

Shell has confirmed that an icebreaker vessel supporting its summer drilling programme off Alaska has a leak and must be repaired, potentially jeopardising the supermajor's tight Arctic drilling schedule.

Brent futures prices tumbled more than 6 percent on Monday, a highly unusual move that has raised questions about whether shifting fundamentals will send the market even lower over the coming months.

Pacific Drilling, an offshore drilling contractor, has postponed the delivery of its newbuild drillship Pacific Zonda for the fourth quarter of 2015.

Despite falling oil prices the Chancellor George Osborne gives little to North Sea industries in BudgetNorth Sea oil explorers and producers were handed little in the way of a boost by the Chancellor in the budget, despite the industry suffering from falling prices.