New software developed by scientists in the US could prevent future hydrocarbon spills and accelerate the response to those that do occur.

Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.

Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has announced that United Orient Capital Pte Ltd (UOC) will be investing $10 million in Vallianz.

Azonto Petroleum, a London-based oil and gas company focused on West Africa, has appointed Glenn Whiddon, who stepped down from the board in 2012, as Non-Executive Director.

The oil price crash is putting billions in offshore oil investments at risk, and the finance environment for new projects is tougher than ever.

Fugro has been awarded a large geotechnical and geophysical (G&G) programme by ExxonMobil Alaska LNG LLC (AKLNG) – a consortium of ExxonMobil, ConocoPhillips, British Petroleum, TransCanada and the State of Alaska.

Cairn Energy, an oil and gas exploration and development company, is withdrawing from four exploration permits in the Gulf of Valencia, on the east coast of Spain.

ConocoPhillips, the U.

Absoft, Aberdeen-based SAP provider for upstream oil and gas, has secured a contract with Total Exploration and Production UK Ltd, to provide SAP support services for their North Sea operations.

GC Rieber Shipping ASA, a Norwegian shipping company, has delivered a construction support vessel (CSV), the Polar Prince, to the new owner.