Diamond Drilling confirms BP contract will go-ahead
Diamond Offshore Drilling said a decision by oil major BP to end plans for drilling in the Great Australian Bight will not impact on a rig contract it has with the company.
Diamond Offshore Drilling said a decision by oil major BP to end plans for drilling in the Great Australian Bight will not impact on a rig contract it has with the company.
The pound took a further hit after leaked documents warned a “hard Brexit“ could cost the UK more than £66 billion a year, but London’s FTSE 100 Index hovered near record highs.
The boss of Sevan Marine will step down from the role next year.
A joint venture of HaskoningDHV UK and Hyundai Engineering & Construction Co has been awarded a contract for a maritime yard in Saudi Arabia.
Global debt level pose a clear risk to oil demand, according to the International Energy Agency (IEA).
Petrol prices at the pumps have reached their highest level for more than a year, according to official figures.
Technip has been awarded an EPC contract for the subsea development of the Dvalin project from DEA Norway.
Brazilian prosecutors have brought new charges against former president Luiz Inacio Lula da Silva, adding another accusation to a series of corruption charges.
Halliburton's operations in Norway made a loss in revenues of 9.2% last year.
Hollywood actress Shailene Woodley has been arrested in North Dakota while protesting against a planned pipeline.
Huge waves have been captured on film by a North Sea vessel.
Winson Oil has bought a large crude carrier to store oil in the Mediterranean as it looks to expand its business into Europe.
An agreement has been struck between REACT and several parties to potentially fund the repowering of a 4MW biomass gasification project in Northern Ireland.
The chief executive of Vitol said the oil market may see supply and demand rebalance if both Russia and OPEC deliver a meaningful production cut.
Nigeria said it only managed to raise 55% of its six-month revenue target in the first six months of this year.
Russia said it is ready to join a proposed cap on oil output by OPEC members.
Petrochemical giant Ineos has denied claims it planned to cut tea breaks for 1200 workers at its Grangmouh facility.
A potential merger between Solstad and Rem Offshore has been approved.
A Norwegian union has criticised a ruling by the EASA (European Aviation Safety Authority) on lifting a suspension of H225s.
Surveillance flights have continued over the weekend after an oil spill from BP's North Sea Clair platform.
Statoil has been given the green-light to drill four survey wells at Johan Sverdrup in the North Sea.
Bulgaria 's anti-monopoly commission said six oil companies operating on the retail fuel market have allegedly been involved in cartel agreements on prices.
InterOil said it has been given approval by the Supreme Court of Yukon for its deal with ExxonMobil.
The pound resumed its downward slide on Monday, dipping below 1.24 against the US dollar as short positions reached record highs and fears of a so-called “hard Brexit” continued to spook markets.
Ineos boss Jim Ratcliffe is said to be trying to axe tea breaks for 1200 workers at Grangemouth.