Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.

Austal Limited (Austal) has secured a further offshore vessel contract for the construction of one 57.

A judge has granted a legal bid to get access to the black box from a helicopter crash which claimed four lives.

North Dakota's crude oil output has peaked, according to the latest production data published by the state government, as the slump in prices takes its toll.

Bureau of Safety and Environmental Enforcement (BSEE) this week oversaw testing of Shell’s proposed Arctic-ready capping stack system in Puget Sound, near Seattle, to ensure compliance with stringent Federal safety standards for oil and gas exploration on the Arctic Outer Continental Shelf.

Royal Dutch Shell is pulling out of a shale gas exploration project in Ukraine due to low world oil and gas prices, said Ukrainian Minister of Ecology and Natural Resources Igor Shevchenko at a Cabinet briefing.

The Norwegian parliament has approved the plan for development of one of Norway’s largest oil discoveries in decades – the Statoil-operated Johan Sverdrup field in the North Sea.

NASA participated for the first time in Norway’s annual oil spill cleanup exercise in the North Sea from June 8 to June 11, 2015.

Russian oil major Rosneft and BP are close to signing a $700 million deal for BP to acquire a 20 percent stake in the Taas-Yuriakh Siberian oilfield, reports the FT.

Statoil received consent from the Petroleum Safety Authority to use the Maersk Integrator jackup to drill and complete 14 new production wells at Gina Krog.