NATS - The National Air Traffic Service has released a time lapse video showing a day of air traffic above the UK.

ABERDEEN has been named as the second-best place in the world for workers in the oil and gas industry to live.

A Leading Oil and Gas Service company has cancelled Christmas parties for thousands of workers.

Weakening oil prices have prompted Premier Oil to scale back plans to pump oil from disputed waters around the Falkland Islands in a move to cut costs.

Russia is preparing for a “catastrophic” slump in oil prices, which it can weather thanks to a cushion of more than $400 billion in reserves, President Vladimir Putin said.

Oil services firm Subsea 7 forecast a drop in revenues next year and said it would cut capital spending and possibly its fleet as energy firms curb investment following a slide in oil prices.

The Petroleum Safety Authority (PSA) Norway has given Statoil consent to use the Songa Dee semi-submersible drilling rig for production drilling on Gullfaks satellites, well template P, in the North Sea.

US financial press is reporting that Halliburton is in advanced talks to buy Baker Hughes in what could be one the most significant combinations in the history of oil service and drilling companies.

InfraStrata plc, an independent petroleum exploration and gas storage company, has together with its partner Carstone Exploration Limited, been offered block 3/11a by the Department of Energy and Climate Change in the UKCS 28th Seaward Licensing Round.

Cluff Natural Resources (CNR) said a study has found as much as 335 million tonnes of coal near Kincardine and the company is now seeking permission to build the UK's first deep offshore underground coal gasification (UCG) project to extract it.