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.

As a response to the challenging market conditions, Borr Drilling extended a short-term contract for its Prospector 1 rig in the North Sea, but Schorn referred to this as a "bridge" until ...

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 ...

Oslo-based seismic company PGS, in collaboration with joint venture partners TGS and SLB, has obtained pre-funding to expand the multi-client 3D seismic coverage in the Sarawak Basin, located offshore ...

The deal, valued at around approximately £61 million, marks a significant milestone for Harland & Wolff, reinforcing its position as a preferred yard for complex and large-scale energy ...

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 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.

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 ...

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 ...