Oilfield services group Weatherford is to axe 7000 jobs around the world after weather conditions in the North Sea and Middle East disruption left it facing lower than expected profits.
Production has resumed at a North Sea oil platform at the centre of an oil leak scare earlier this week.
Plans for a new data platform to support offshore wind operators have been given a £850,000 boost.
Oil explorer PTT Exploration and Production is set to take a 100% stake in three Canadian oil sands after scrapping a joint project in the country.
Oil giant Shell says it will step up its sell-off programme and cut spending this year after seeing its 2013 earnings fall more almost 40%.
Austrian oil and gas firm OMV has been given a boost after it confirmed oil production had restarted in Libya.
Engineering firm Kentz has landed a $62m deal to support gas production from the giant Marcellus shale field.
Total is to increase its interest in the UK's shale gas potential after agreeing to pay up to £15million for another project.
The man who led the inquiry into the Piper Alpha disaster is to deliver the keynote address at a new conference looking at the human risk factors affecting the oil and gas industry.
BP has kicked off production at the West Chirag platform as Azerbaijan looks to increase its oil output.
A decision on how to progress with the development of the giant Johan Sverdrup field in the North Sea will be made within the next few days, one of the project's partners has revealed.
Two former BP bosses will face involuntary manslaughter charges over the 2010 Macondo disaster after failing to have the case against them dropped.
Developers behind plans for a giant windfarm in the North Sea have been forced to find a new base for the onshore elements of the plan.
Power plant builder Wärtsilä is to axe around 1000 jobs around the world after weaker than expected profits.
Extreme conditions drilling firm North Atlantic Drilling has raised $125million after an initial public offering ahead of its debut on the New York Stock Exchange.
Anglo Dutch oil giant Shell is to sell off a significant stake in the Brazilian BC-10 project in a $1billion deal.
German energy firm RWE has warned it expects to take a £330million hit from its renewable operations after warning it faced a bigger writedown than previously expected.
Former Chevron business manager Hugh McClure is to oversee Dana Petroleum's £1bn Western Isles development after being named the firm's new director of capital development projects.
Global energy investment slowed down during the last quarter as the number of new and ongoing projects declined, according to figures released today.
Danish energy giants Dong have landed £6million to develop a new form of offshore turbine foundation which could help cut the cost of renewable energy generation.
Shale gas explorers San Leon have struck an exclusive deal with Chevron for technology to upgrade oil from its operations in Morocco.
Nigeria-focused oil explorer Afren says it has set sights on double-digit production growth over the next five years - as it prepares to move forward with appraisal on the giant Ogo discovery.
BP has pulled out of plans to develop a £400million project to store gas in caves under Northern Ireland.
Engineering group Amec has scooped a near-$1billion deal to provide support for the lucrative second stage of the giant Shah Deniz gas field.
North Sea independent Parkmead says it is looking for possible new takeover deals after raising $66million (£39.7million) through a new share issue.
