Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak said.

Aker Solutions and Baker Hughes agreed to cooperate on early-phase studies to help customers improve the overall economics and value of oil and gas field developments.

Moody’s Investors Service said in its latest report that plunging oil prices that are moving oil companies to cut spending on exploration activity, present a major challenge for seismic companies globally, as the most volatile and cyclical segment of the oilfield services industry.

Gassco is to take over as operator for the gas transport system from the Johan Sverdrup field in the North Sea when it becomes operational.

GulfSlope Energy, an independent oil and natural gas company, has received notice of award of two offshore lease blocks for which it was the high bidder at offshore lease sale 235, central Gulf of Mexico, conducted by the Bureau of Ocean Energy Management (BOEM).

The fiery January 2014 derailment of a Canadian National Railway Co crude oil train in New Brunswick was caused by an undetected flaw that broke a wheel, the Transportation Safety Board of Canada said on Friday.

In remembrance of the tragic events of Piper Alpha and the sad death of