Utilities giant E.ON saw its net profit drop by 22% in the second quarter of 2013 as renewable energy subsidies and weak demand for power across Europe impacted on its results.
Seismic specialists Spectrum have signed a a deal with Croatia's economy ministry to provide offshore seismic data ahead of the country's next round of auctions.
Technip and DOF have landed a £1.1billion deal to provide new pipelay vessels and operations for Petrobras after winning eight contracts with the Brazilian state oil giant.
Leni Gas and Oil says it has made the first sale from its new tank at Trinidad's Goudron field after increasing capacity at the site as it looks to reactivate dozens of wells on the island.
Caribbean-focused exploration group Trinity says it is preparing to spud two wells in the next few weeks as it looks to tap into as much as 45million barrels of new resources.
David Cameron has insisted that the whole of the country should accept fracking, claiming the controversial method of extracting gas will attract “real public support” when the benefits are explained.
Hungary has invited offers for oil, gas and geothermal exploration in a bid to cut its dependence on energy imports, the national development ministry has announced.
Global energy use experts have reduced their forecast of the amount of oil to be used per day around the world by 2014 - but still predict it will top 1.1million barrels per day.
A partnership between Norwegian subsea entrepreneur Ocean Installer and US offshore engineering group McDermott has been scrapped after less than a year.