Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks.
McDermott International Inc. hired restructuring firm AlixPartners for strategic and operational advice as the engineering company, which specializes in building energy infrastructure such as storage tanks and sub-sea pipelines, seeks to shore up its balance sheet, according to a person with knowledge of the matter.
Exxon Mobil is putting some of its offshore Australian assets up for sale as it continues to consider selling off many of its mature offshore assets around the world - from the Gulf of Mexico to the North Sea.
Simulator training to prepare crews for the specific drilling conditions at Blackrock off Shetland has proved so successful it is being rolled out across other projects.
Saudi Aramco has completed the purchase of a 50% interest in Shell Saudi Arabia (Refining) Limited’s (SASREF) joint venture in Jubail Industrial City.
Vitol and Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (ENH) have set out plans for a trading-focused joint venture.
An attack on Saudi Arabia's oil industry came "from the north" and was "unquestionably sponsored by Iran", a military spokesman has said.
Sentinel Marine has hired fresh recruits into the industry ahead of delivery of four new North Sea vessels by the end of next year.
Iran has warned the US that any action against it after an attack on Saudi oil installations will "immediately" be met with a response from Tehran, its state-run news agency has reported.
An engineering services firm, which recently underwent a management buyout, has strengthened its leadership team with six new appointments.
Australia’s Woodside Energy has signed a preliminary deal on supply LNG to Uniper Global Commodities.
Aberdeen-headquartered Wood has been awarded a contract from Equinor for work at its under-development Martin Linge field off Norway.
Energy services firm Petrofac has won work at the Haliba field in the United Arab Emirates (UAE).
SDX Energy has struck oil at the West Gharib block, in Egypt, and begun producing.
Offshore workers could be about to see a shake up in North Sea crew changes in a bid to increase safety.
Oil stabilised on signs Saudi Arabia is quickly restoring production following a debilitating weekend attack after two tumultuous days in which it surged the most on record and then pared around half of that gain.
A British astronaut will blast off to a major oil and gas conference later this year.
Schlumberger, Chevron and Microsoft have launched a cloud-based artificial intelligence platform to improve a digital services in the oil field.
An umbrella group for unions in Norway has said it is “delighted” after testing a new helicopter seeking to enter the North Sea.
Oil and gas pressure control valve firm Oxford Flow has moved into new office space following an increase in staff numbers.
Oilfield service giant Weatherford has signed a five-year procurement deal with Saudi Aramco to deliver a range of technologies.
Engineering services firm McDermott International has won a contract to help deliver a major liquefied natural gas (LNG) project in Russia.
Angola’s new regulator held its London roadshow on September 17, touting the new opportunities in its Namibe and Benguela basins.
Mossmorran bosses have announced a £140 million investment in the plant to reduce flaring.
Oil plunged nearly 7% in London after Reuters reported Saudi Arabia is close to restoring 70% of the oil production it lost after this weekend’s attack on a key crude facility in the kingdom.
