After 20 years in the oil business, Craig Reed, 62, is thinking about winding down his career just as a second downturn in six years rocks the industry.

North Sea operator EnQuest says its North Sea projects - Alma/Galia and Kraken are both on track, with the first due to start up mid-2015 and the second in 2017.

Prosafe, world’s largest provider of offshore accommodation rigs, has reported its net profit for the first quarter of 2015 of $27 million, up from $18 million in the first quarter of 2014.

North East Job Centres have been warned to expect an influx of job seekers due to the local downturn within the oil and gas industry, it is expected as many as 5,000 new job seekers may apply for benefits due to the decline in oil priceAlan Kane, Department for Work and Pensions (DWP) north of Scotland operations manager, said they have received over 2,500 claims for jobseekers’ allowance from February to April this year – a rise of over 1,900 in the same period for 2014.

Eni Norge AS (Eni) has received consent from the Petroleum Safety Authority (PSA) for manned underwater operations related to the