Sikorsky Aircraft Corp.

Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to use Maersk Integrator rig for production drilling and completion of fourteen wells at Gina Krog field, in the Norwegian sector of the North Sea.

Norwegian oil and gas giant Statoil has confirmed it will be laying off up to 1,500 permanent employees by the end of 2016.

Iran is storing as much as 40 million barrels of oil on supertankers at sea as it prepares for a sales drive if a nuclear deal can be sealed.

Middle Eastern oil producers Saudi Arabia and the United Arab Emirates will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming exporters of the motor fuel.

Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), has secured contracts worth RM 324 million ($86.

Cost-cutting in Britain’s North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised.

A small oil tanker was hijacked off the southeast coast of Malaysia over the weekend in the second such incident in the same area this month, raising further concerns over piracy in Southeast Asia, maritime officials said on Monday.

Shell-operated Polar Pioneer semi-submersible drilling rig is apparently on the move out of Seattle, with Alaska as its final destination.

Offshore drilling industry is on the verge of the largest ever retirement cycle in history, as 88 units within the floater market will have to be taken out between 2015 and 2017, Rystad Energy, an oil and gas consultancy firm has reported.