There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover.

OneSubsea, a Cameron and Schlumberger company, has been awarded a multi-million dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development offshore Egypt.

The Petroleum Safety Authority’s (PSA) investigation of the incident on Scarabeo 8, when a man fell overboard, has been completed.

Statoil has decided to drop the option for the riserless, well intervention vessel, the Island Wellserver.

At yesterday’s annual BBSPA conference in Vienna Wood Mackenzie presented its latest analysis of the competitiveness of Black Sea deepwater developments and the significant Domino discovery, which look set to dramatically influence the region’s gas supply dynamics and corporate landscape.

A consortium of three companies has joined forces to bring enhanced oil spill detection and search and rescue capability to the UK North Sea.

Shell has announced staff reductions in Norway.

Ithaca Energy Inc.

Shell’s upstream director Andrew Brown has said that demand for natural gas will continue do grow in the long turn, and the world appetite for energy is increasing.

The slump in oil prices looks set to claim its highest-profile victim after a North Sea drilling firm warned it was facing collapse unless it can bring in urgent funding.