Seadrill will refrain from ordering new offshore rigs in the near future due to the challenging market conditions for offshore drilling contractors.

Concerns about agreements around decommissioning costs on the UK Continental Shelf have been added to a rising tide of warnings about the future of the North Sea oil and gas industry.

Paragon Offshore, the largest shareholder of Prospector Offshore Drilling since last week, has lodged a formal request for an extraordinary general meeting of the shareholders of Prospector Offshore Drilling S.

Kleven Verft has reported that platform supply vessel (PSV) Rem Eir, build no 356, was delivered to Remøy Shipping on November 26, 2014.

Sevan Drilling, a Norway-based drilling contractor, had a disappointing third quarter when it comes to its rig fleet utilization.

Confidence in North Sea oil and gas activity has fallen to a six-year low, highlighting an "urgent need" for fiscal reform in the basin, according to a report published today (25 November).

Faroe Petroleum has sold its ten percent interest in the undeveloped Glenlivet gas field, West of Shetland, to Total.

Vroon has announced that, during ceremonies held today, November 25, at Fujian South East Shipyard (FSES) in Fuzhou, China, five of Vroon’s newbuilding vessels have been named.

Swiss company, Allseas have confirmed that their new offshore vessel the Pieter Scheite, is currently undertaking sea trials and is on-route to Rotterdam from South Korea.

GDF Suez has signed a contract with Idemitsu for the acquisition of 10% share in the license PL 420, in the North Sea.