Oil and gas supply chain leaders need to drive “transformational change” to bring down costs before the multi-billion North Sea decommissioning program will start, a leading industry figure said.

BP and its co-venturers, ConocoPhillips, Chevron and Shell, are pleased to confirm the safe installation of the new Clair Ridge platform’s quarters and utilities (QU) topside modules, a major milestone in the Clair Ridge project.

Wood Group has entered into a $250 million agreement with Antin Infrastructure Partners (Antin IP) to provide operating services for the Central Area Transmission System (also known as CATS) in the North Sea for up to 10 years, subject to certain regulatory and other consents.

Drilling to further grow the resources around the Njord field in the Norwegian Sea has started, with more expected this year, helping firm up plans for the greater Njord area, according to partner Faroe Petroleum.

From 11 to 13 May 2015, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s control and management of materials handling, the technical condition of lifting equipment and the company’s management of lifting equipment maintenance at Grane platform, in the central North Sea.

Norwegian rig workers’ unions and The Norwegian Shipowners’ Association have reached a settlement on wages increase, avoiding a strike that would have otherwise kicked off today on several offshore installations.

Australia’s Programmed Maintenance services has announced today it will acquire its rival and compatriot Skilled Group, a provider of labor hire and workforce services, by way of a scheme of arrangement.

MMA Offshore Limited (MMA) has been awarded a contract by Chevron to provide supply base facilities and services for Chevron’s operations in Australia’s North West.

The value of 25 years of cooperation between Russia’s state oil major Rosneft and China National Petroleum Corporation (CNPC) will be $270 billion, said President Putin at the economic forum in St.

President Vladimir Putin said on Wednesday Russia could not provide Ukraine with the gas price discount it once had, days before new gas talks between Russia, Ukraine and the European Union.