Brazil's state-run oil company Petrobras, which slashed its five-year spending plan by 40% in June, will likely cut back further as growing debt costs, falling oil prices and a weak currency have already made the plan obsolete, two company sources have revealed.
Some US oil producers are trying to sell parts of their lucrative saltwater disposal businesses in a sign that cheap crude is already forcing cash-starved companies to sell assets so oil can keep flowing.
Renewable energy consultancy SgurrEnergy has been appointed by utility firm Huaneng Renewables Corp Ltd to assess the general site conditions of offshore wind projects in China.
Exploration company Petroceltic has told its shareholders that activist investor Worldview Capital's attempt to convene a further extraordinary general meeting is unlawful.
Global logistics specialist Peterson has made a new senior appointment to oversee its Americas operation.
Oil & Gas UK chief executive Deirdre Michie formally opened the new Aberdeen base for oil services firm Cameron.
Power technology giant ABB is working with Ecuador’s state-owned oil company, to help it gain up to an extra week of productivity annually by avoiding unexpected generator shutdowns.
The 2016 Offshore Achievement Awards will include a number of new categories to coincide with their 30th anniversary.
Power supplier APR Energy has successfully demobilised and removed all of its remaining assets from Libya.
Subsea company Ocean Installer has been awarded a contract for deep water UFR (umbilicals, flowlines and risers) installation work with Total at the Moho Nord field off the coast of the Republic of Congo.
Faroe Petroleum has failed to find oil within the exploration well on its Portrush play in the Norwegian North Sea.
Aberdeen-based engineering services firm Aiken Group's turnover more than doubled to £26.1 million in the past year and it has celebrated the achievement with a new product launch at Offshore Europe.
Dong Energy is to divest 50% of the 330MW German offshore wind construction project, Gode Wind 1, to a private equity fund for €780million.
The boss of UK independent oil producer Premier Oil said he does not see a viable long-term future for the North Sea - unless collaboration goes to a whole new level.
Oil and gas waste management specialist Augean North Sea Services has appointed experienced sector professional John Coull as director of waste services.
88 Energy is set to begin drilling next month at Project Icewine, on Alaska’s North Slope.
A new regulatory standard for drones operating in the North Sea is set to be in place early next year.
Energy consultancy ADIL has seen demand for its services double as acquisition, merger and divestment activity by UKCS operators ramps up in the lower oil price environment.
One of the more unusual attractions at this year's Offshore Europe is a vintage Ministry of Technology mobile cinema that Parker Hannifin has managed to procure for the event.
The oil and gas regulator has called on North Sea operators to listen to the supply chain if the industry wants to really improve collaboration and cut costs.
A Scottish technology company that develops some of the most high-tech fabrics in the North Sea is challenging visitors to Offshore Europe to help it create 10 new products in 10 days.
WorleyParsons and Wilton Engineering Services, have signed a memorandum of understanding (MOU), that lays the foundation for the two companies to collaborate on brownfield oil and gas engineering, procurement and construction (EPC) projects in the UK.
The International Marine Contractors Association (IMCA) has appointed Allen Leatt as its new chief executive.
The industry's built-in desire to deliver over-engineered solutions has to end if the North Sea is to enjoy a long and profitable future, a leading industry figure has claimed.
The North Sea operation of a global independent energy company has just completed a contract and was the first to use what is believed to be the world’s largest oilfield drilling bit.
