MEO Australia Limited has elected to withdraw from the Blackwood gas discovery off Australia at no cost, transferring that area of NT/P68 to Eni Australia Limited (Eni).

Diamond Offshore Drilling, a Houston-headquartered drilling contractor, today reported its fourth quarter 2014 net income of $99 million, compared to net income of $93 million, or $0.

The parent company of Stockton-based cabling specialists Reef Subsea has filed for bankruptcy, raising questions over the future of around 80 North East jobs.

Lundin Petroleum’s subsidiary, Lundin Norway, has completed the drilling of wildcat well 26/10-1, off Norway.

Norwegian Energy Company (Noreco) has been allowed to increase production from the Huntington field, located in the UK North Sea.

Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper have announced that Interior will offer 41.

Saipem, through its subsidiary ERSAI Caspian Contractor LLC, has been awarded a major new Engineering & Construction contract for the Kashagan field project, located in the Kazakh waters of the Caspian Sea, valued at approximately $1.

Egypt has three major oil and gas deals worth a total of $9.

Solo Oil has announced the operator of the Kiliwani North (“KN”) gas field offshore Tanzania, Aminex, has advised that the newly constructed gas export pipeline from the Songo Songo processing plant to the KN-1 gas well has been completed to within approximately 20 metres from the KN-1 production well-head.

Baker Hughes Incorporated has posted an international rig count report for January 2015 on its Investor Relations website according to which the international offshore rigs are down from last month.