Paragon Offshore CEO Randall D.

Energy services giant Wood Group yesterday hailed the resilience of its business model as it said full-year trading was expected to be in line with forecasts despite the challenges facing the oil industry.

World’s largest heavy lift and transportation vessel Dockwise Vanguard has left the Port of Rotterdam in the Netherlands today, loaded with a very heavy cargo.

Earlier this month Teekay’s first offshore accommodation rig, Arendal Spirit, arrived to Rio de Janeiro, Brazil.

Statoil has made an agreement with Centrica Energy to increase the volume of gas it supplies to Centrica under an existing supply agreement.

Anadarko, one of the largest independent leaseholders and producers in the deepwater Gulf of Mexico, has launched a video, or better yet, a movie, showing a long, but interesting process of bringing its Lucius development into production.

Massy Wood Group has been awarded a five year contract, with a potential value of up to $250 million, by BP to provide services to its operations in Trinidad & Tobago.

OPEC said its oil output rose further in April, keeping an excess supply in the market despite stronger demand and signs the producer group's strategy of letting prices fall to hurt other producers is taking effect.

Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, has started the 3D seismic remapping project over its Southern North Sea gas portfolio.

A city hospital is to boost patient and visitor parking following a pledge of up to £10m by businessman Sir Ian Wood.