Europa Oil & Gas' Porcupine basin off Ireland is valued at US$1.

National Oilwell Varco Norway AS (NOVN) has decided that in the next few months it will be conducting downsizing of its workforce in Norway.

The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities.

Unique Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, has now delivered two new dive systems and a diving vessel worth around £5million to global services provider, Vertech.

Oil & Gas UK’s chief executive, Deirdre Michie, warned today, June 17, 2015, that the UK offshore oil and gas industry must become sustainable ‘in a world of $60 oil’.

Oil and gas companies must learn lessons from other industries that have survived severe economic downturns in order to thrive in the long-term, according to new research.

Swedish independent oil company Lundin Petroleum has started drilling the exploration well 16/4-9 S on the Luno II North prospect in the North Sea, offshore Norway.

Wintershall has informed that the unmanned mini-platform L6-B has started to produce natural gas off the Dutch North Sea coast.

Almost unnoticed, India is starting to exercise increasing influence on crude oil markets in Asia.

Petrobras has received, through its fully-owned subsidiary Petrobras Global Trading BV – PGT, the sum of $ 1.