BP has asked a judge to halt all settlement payments over the Deepwater Horizon disaster while an independent investigation of the claims administrator's office is carried out.
Gazprom has drawn up a list of potential partners with whom it could work on a proposed new liquefied natural gas plant in the Baltic Sea, the Russian giant has announced.
Lundin Petroleum has begin drilling work on an exploration well on its Gohta prospect in the Barents Sea, the Swedish independent oil and gas company announced.
The oil giant, which is awaiting a court ruling on whether it has been paying out too much in compensation after the 2010 disaster, says it could offer a reward to people who phone in with tip-offs about fraudulent claims.
Rosneft is to invest more than $30billion in exploration projects in Siberia and the Russian Far East over the next five years, chief executive Igor Sechin has announced.
BP has signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin with China National Offshore Oil Corporation (CNOOC).
Norway will prove to be they key driver for Europe's offshore oil and gas industry over the next three years thanks to previously untapped resources in the Norwegian Continental Shelf, a new report has claimed.
Property firm Bidwells is predicting a “significant boom” in revenue from onshore windfarms in the far north as existing projects move through the pipeline and new land opens up for development.
Energy consultant Xodus Group said yesterday its technical safety and risk (TSR) team in Aberdeen had more than doubled in size in 18 months amid growing demand for its services.
Bristow is to increase investment in its new search and rescue contract and offshore transport operations after selling off its 50% stake in a trio of joint ventures for £74million.