Oil prices were little changed in thin trade on Friday, with a forecast of higher output by U.

Rig provider Hercules Offshore Inc said it had entered into a restructuring agreement with a majority of its debtors, which would lead to a Chapter 11 filing within the next few weeks.

Petrofac’s Offshore Projects & Operations business unit has secured contract renewals for operations and maintenance work worth approximately $400 million on the UK Continental Shelf (UKCS).

Operators of an oil supply ship that crashed into a platform in the North Sea put workers at risk by not operating safely in an exclusion zone, a report has said.

The oil ministers of Russia and Saudi Arabia plan to discuss a broad cooperation agreement at an economic forum in St Petersburg, sources have saidSaudi Arabia is the top producer in the Organization of the Petroleum Exporting Countries and the world's top oil exporter, while Russia, which is not an OPEC member, is the second biggest oil supplier to the global markets.

Russian gas giant Gazprom on Thursday agreed a plan with Shell, E.

A heroic diver left so traumatised by the Piper Alpha disaster that it took over his life has been found drowned.

The government of Republic of Cyprus informed that the first phase of the multinational search and rescue (SAR) exercise “NEMESIS 2015”, in which Cyprus, Greece, Israel, and the United States of America participated, has been completed today.

Wood Group has been awarded an offshore maintain potential programme contract by Saudi Aramco for greenfield and brownfield engineering services, procurement, and construction management support for new facilities in the Arabian Gulf.

Ezion Holdings Limited has announced that Atlantic Marine Services B.