Cuadrilla profits drop by almost $18m on fracking hold-up, filings show
The UK's leading shale gas explorer has reportedly seen a drop in profits of almost $18million for the year 2015.
BP, Shell expected to report revenues drop on continued low oil price
Oil major BP is expected to report its profits have more than halved when it published its third quarter results this week.
MOL Group VP moves to private-equity backed Azimuth
A former senior vice president at MOL Group has joined private equity-backed Azimuth to lead commercial aspects of the company's global upstream drive.
Tower Resources appoints new boss
Tower Resources said it has made changes to its board as part of restructuring of the company's cost base.
Phillips 66 reports sharp fall in profits on lower refining margins
Phillips 66 said it has reported a sharp fall in quarterly profit due to lower refining margins.
ExxonMobil’s quarterly profit drops by $1.59billion
ExxonMobil said quarterly profit fell by $1.59billion due to the drop in declining crude prices.
Oil & Gas UK releases new guidelines on HPHT properties
Oil & Gas UK has released new guideline on wells with high pressure, high temperature (HPHT) properties.
Video: Footage of incredible waves off North Sea rig goes viral
A video of huge waves crashing against a North Sea rig has had almost 10,000 views in just 48 hours.
IT error in India causes shutdown of production at Statoil refinery…..in Norway
Production at Statoil’s Mongstad Refinery was reportedly halted due to an IT error in India, new documents have revealed.
Orion Engineering Services revenue down on low oil price
A company which supplies agency staff for offshore work has seen a drop in its revenue and profits.
Eni sticks to targets despite worse-than-expected losses
Eni has stuck to its targets despite revealing a worse-than-expected loss in the third quarter of this year.
Parker Maritime signs agreement with Statoil for Johan Sverdrup
Parker Maritime has signed a general agreement with Statoil for the delivery of third-party verification and dimensional control on the Johan Sverdrup project.
New York commercial wind lease sale set for December launch
A commercial wind lease sale in December is set to offer 79,350 acres offshore New York.
Cops arrest more than 100 protesters in North Dakota pipeline stand-off
Police have arrested more than 100 Native Americans and other protesters in North Dakota.
Cluff, Burgate to reapply for two North Sea licences in next OGA round
Cluff Natural Resources will have to reapply for a share in two North Sea licences after the Oil and Gas Authority said it would not grant an extension of their initial terms.
IOG completes takeover of Southern North Sea assets
Independent Oil and Gas (IOG) said it has completed the acquisition of 100% of the shares of Oyster Petroleum Limited.
Liberum Capital pulls out as Xcite Energy broker
Xcite Energy said Liberum Capital has agreed to resign as nominated adviser and broker to the firm with immediate effect.
Oil & Gas UK’s Mike Tholen calls for clarity over post-Brexit energy policy
A senior voice within the offshore industry has said the ability to access the European single market with the “least friction possible” will be vital to efficient trade post-Brexit.
Total boosts cash flow, production up 4%
Total said it has increased its cash flow by 13% in the third quarter despite an almost 30% reduction in European refining margins and flat Brent prices.
Worker dies, two others injured at Petronas processing plant
A worker has died after an incident at a Petronas processing plant in Malaysia.
Statoil boss insists it is safe to work offshore after spate of incidents
Statoil’s chief executive Eldar Saetre has insisted it is safe to work offshore after a number of incidents in recent weeks.
ExxonMobil makes 1billion barrel find offshore Nigeria
ExxonMobil said it has made a significant oil and gas discovery offshore Nigeria.
TGS to launch new seismic work off Guinea
TGS said it will acquire more than 11,500 km of 2D seismic data in the Republic of Guinea, Guinea Bissau and Senegal.
EIA says low tanker rates enabled more long-distance oil and petroleum product trade
The US Energy Information Administration (EIA) said the recent expansion of the global crude oil and petroleum product tanker fleet has results in falling rates for much of this year.
Gas flow from Iran to Turkey stopped after explosion hits pipeline
The flow of Iranian gas to Turkey has been suspended after an explosion hit a pipeline.