A £100 million deal between an engineering and services firm and BP at two of its Scottish oil and gas terminals will secure 240 jobs.
Statoil, Gassco and ExxonMobil have received consent to perform manned underwater operations for one year from Norway's Petroleum Safety Authority.
Volga Gas confirmed its VM-4 well has been successfully sidetracked and is ready to be tied-in.
Shell is considering the option of leaving the massive subsea concrete jackets for its Brent platforms in place, as removing the 300,000 tonne structures may be more hazardous than leaving them where they are.
Shell has said it will cut 2,800 jobs if its planned takeover of BG Group goes ahead, the company has confirmed.
A senior employee of Iraq's state-run North Oil Company has been shot dead by gunmen.
South America-focused President Energy has said its initial results from its Argentine assets were "encouraging", achieving its best daily production and helped by a continued strong oil price in country.
Irish independent Circle Oil is considering a debt restructuring amongst options to try and improve its balance sheet and ensure adequate cash flow to fund its operations.
The Scottish economy contracted last month as a result of a downturn in the oil and gas industry, according to a new report.
Exxon has successfully started the onshore central processing facility at the Banyu Urip field in Indonesia, helping increase production to more than 130,000 barrels of oil per day and increasing production in coming months.
Serica Energy said a little "imagination" is what is needed to secure its North Sea assets through the next decade.
The Steam Oil Production Company is set to acquire 100% interest in of one Enquest's North Sea licences.
Petrofac has landed UKCS contract extensions, totalling $400million.
Shell's multi-billion takeover of BG has been given the go-ahead by Chinese officials, surpassing its final clearance hurdle.
Oil extended declines from the lowest price since February 2009 as Iran pledged to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply.
Independent Oil and Gas (IOG) has signed a "breakthrough" deal with Transocean for its North Sea Skipper prospect.
Ocean Installer has landed a deal from Statoil for work on its North Sea Troll C field.
Oil expert Professor Alex Kemp has said there is some cause for optimism that the oil price may rally in 2017, but not before it endured a "painful" 2016.
Senate negotiators are nearing a deal to allow unfettered U.S. crude oil exports for the first time in 40 years, though differences remain on renewable-energy tax credits that Democrats are demanding in return, according to people close to the discussions.
A US regulator has sent TransCanada a letter outlining 62 probable deficiencies on its Keystone pipeline.
US drilling rigs fell by the steepest amount since September, falling by 28 last week.
Qatari stocks led a retreat in Middle Eastern markets as oil’s decline to a seven-year low, scant evidence of a pick-up in Chinese growth and the prospect of a U.S. interest-rate increase next week unsettled investors across the region.
Exxon Mobil, the world's largest oil company, has promoted Darren Woods to president.
Monthly US crude oil imports from Mexico totalled 0.6 million barrels per day (b/d), the lowest level since 1990, and a decrease of about 50% since January 2011, according the US Energy Information Administration.
BP has resumed operations at its Chirag oil field in Azerbaijan. The field, which is in the Azeri part of the Caspian Sea, had been shut temporarily for maintenance work. The operations were suspended on November 10th for 25 days of planned maintenance.