New Treasury minister shares his vision for the oil and gas industry in the North Sea at the first Fiscal Forum of the new parliament.

Some 50% of crews working on offshore support vessels are willing to compromise safety rather than say ‘no’ to clients or senior management, while nearly 80% believe commercial pressures could influence the safety of their working practices.

The steel jacket to the Ivar Aasen platform was lifted in place early this morning in Norway, and is now ready to be completed with the platform deck, which is under production on the SMOE yard in Singapore.

Russia is looking to cut its dependence on foreign technologies used for development of its offshore oil and gas fields.

The Norwegian Energy Company ASA (Noreco) informed that drilling of the Niobe exploration well in UK licence P1889, in the North Sea, has started.

Providence Resources P.

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/1-23 S, in the Norwegian North Sea.

Saudi Arabia's oil ministry said on Tuesday the rise in its oil production over the past three months was a result of increased global demand and the needs of its customers and was not designed to compensate for lower oil prices.

Erin Energy Corporation, formerly known as CAMAC Energy, has informed that it is continuing the completion operations on the Oyo-7 well, located in OML 120 offshore Nigeria, and production from the well is expected to start by mid-June.

Tanjung Offshore Berhad’s subsidiary, Tanjung Offshore Services Sdn Bhd, has been awarded a Construction Work Request (CWR) contract by Petronas Carigali Sdn Bhd for its Sarawak operations.