An $85 million dividend and a deal to sell a stake in aging North Sea oil wells for one dollar has landed Viaro Energy and its CEO, Francesco Mazzagatti, in a London lawsuit filed by Taqa.

Recent deepwater oil discoveries off the Namibian coast have ignited significant excitement within the industry, according to Wood Mackenzie's Upstream Research Director Ian Thom.

Petronas Suriname E&P, in collaboration with ExxonMobil Exploration and Production Suriname, has announced a recent oil discovery at the Roystonea-1 exploration well within Block 52, located offshore ...

BrasFELS Shipyard, a member of the Singapore-based Seatrium Group, has been awarded a contract by Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to complete portions of the topside ...

The Head of Decommissioning and Projects at Spirit Energy has raised concerns that the oil and gas industry's ambitions to decommission numerous obsolete wells in the North Sea might face ...

Dutch offshore installation company, Van Oord, proudly announced a remarkable achievement for its flexible fallpipe vessel, Nordnes. The vessel has successfully installed an unprecedented 20 million ...

The chemical tanker Central Park, flying the Liberian flag and owned by UK-based Zodiac Maritime, has been successfully freed from pirate clutches off the coast of Somalia, according to the U.S.

This incident, the second in recent months impacting Kuwaiti oil and gas facilities, occurred during scheduled periodic maintenance at the facility.

The recent appraisal well, drilled by the Transocean Norge rig, aimed to minimize uncertainties in volumetrics and subsurface conditions within the Bergknapp discovery.

NATS - The National Air Traffic Service has released a time lapse video showing a day of air traffic above the UK. The video includes a look at Aberdeen home to the worlds busiest heliport. The Video ...

Venezuela is making efforts to revive a long-stalled offshore gas project in the Plataforma Deltana area, urging major energy companies, including BP, Chevron, and Shell, to engage in fresh research ...

This final investment decision (FID) marks the initiation of a strategic campaign to deliver three wells, with the primary goal of augmenting production at the Perdido spar, situated approximately 200 ...