To understand why U.

A Gorleston offshore firm that had been battling debts of about £5m went into administration after HM Revenue and Customs vetoed a proposed company voluntary arrangement (CVA).

Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015.

Arendal Spirit is Teekay’s newest big, round accommodation rig that is currently home to about 500 workers offshore Brazil.

Feed your office for free this Friday with Oil and Gas Peoples new Pulled Pork Fridays in Aberdeen.

Norwegian Energy Company ASA has reached an agreement with its joint venture partners in Denmark with respect to its forfeited licences and related abandonment liabilities.

To avoid delays of one of the largest oil and gas developments in Norway in recent times – the Johan Sverdrup field in the North Sea – the country’s ministry of petroleum has decided to allocate ownership shares to the partners involved.

OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share.

Golar LNG Limited and Perenco have reached an agreement on the material commercial terms and conditions for the Floating LNG project in Cameroon.

Karoon Energy Australia has said that the Ocean America semi-submersible drilling rig is currently mobilizing to its drilling location in the Carnarvon basin, offshore W.