On May 5, 2015, the rig Maersk Discoverer completed the deepest well ever drilled in Egypt and the longest ever drilled in the Mediterranean Sea.

UK-based explorer Ophir Energy announced yesterday that it will shutter five of 11 offices and reduce its staff as part of a cost reduction program put in place following its acquisition of Salamander Energy.

Drydocks World, a Dubai-based company has completed what it claims to be the world’s largest turret mooring system.

China's crude oil output looks set to rise this year from a record in 2014 as new production from third largest producer CNOOC helps to counter reductions from its two bigger rivals.

Repsol has started up the first producing well at the giant Perla field, the largest gas discovery in the company’s history and the largest offshore gas field in Latin America, holding 17 trillion cubic feet (Tcf) of gas in place.

The floating production, storage and offloading (FPSO) vessel Cidade de Itaguaí has arrived in Lula field, offshore Brazil.

Petrobras has long been a pioneer in the adoption and deployment of deepwater technology.

One of the North Sea’s biggest employers today announced plans to cut 6,000 jobs from its global workforce as part of a plan to slash almost £600 million of costs in the face of the oil price fall.

Russia, which vies with Saudi Arabia and the U.

Abu Dhabi National Energy Co (TAQA) said that it was not holding merger talks.