Statoil will suspend the Songa Delta contract after work on the current well, Slemmestad, in the North Sea has been completed, Songa confirmed.
Shell has been barred by the Obama Administration from drilling in Arctic waters until the company overhauls its operations programme and management plan.
Aberdeen-based oil firm Dana Petroleum has started drilling the Magnolia prospect in the Moray Firth.
MPX North Sea has said drilling is to restart on the northern North Sea Timon prospect.
Canadian oil firm CNR International is to invest about £45million upgrading its North Sea Tiffany platform in order to unlock millions of barrels of oil.
Around £10.8billion was added to the value of UK blue chips today as London's FTSE 100 Index leapt to its highest level for nearly two years.
Total has agreed to buy a 11.9% stake in the North Sea Romeo prospect from the UK arm of Norwegian oil explorer Noreco.
Total's Elgin G4 well has now been fully cemented in and the firm is working towards bringing the platform back into production, an event will hear in Aberdeen this week.
Sterling Resources said today it had found gas in a Black Sea exploration well.
ExxonMobil has lined up a drilling rig to drill an exploration well offshore Ireland.
A £1.6billion investment in the North Sea will now go ahead on the back of Chancellor George Osborne's announcement yesterday.
The safety chief of oil group Total said yesterday that lessons will be learned by it and other companies following its major North Sea gas leak earlier this year.
Heavy oil explorer Xcite Energy said today it had stuck a new deal with BP over sales of oil from its North Sea Bentley field.
Nobody will be prosecuted over the capsize of a supply vessel off Shetland which claimed the lives of the captain, his teenage son and six other men.
French energy company Total has said it has identified the source of its leak on the Elgin platform in the north Sea.
Shell has completed the shutdown of its Shearwater platform - which is just four miles away from the gas leak.
Falklands explorer Rockhopper said today its drilling campaign in the remote region had now ended.
il and gas explorer Trapoil said today it had sold out of the Premier-operated Lacewing asset for £1million and gave an update on its eight well 2012 drilling programme.
OIL giant Royal Dutch Shell said today it had shut down a drilling rig off the coast of Alabama after about 7,600 gallons of synthetic and biodegradable drilling fluid leaked.
Oil and gas firm Antrim Energy said today it had found 50 feet of gross hydrocarbon pay on its central North Sea Erne prospect.
Aberdeen-based oil and gas explorer Faroe Petroleum said today drilling had started on the T-Rex discovery in the Norwegian North Sea.
Falklands explorer Desire Petroleum said today it had agreed the use of the Ocean Guardian drilling rig up to March 1.
Lundin Norway is to start drilling an exploration well in the Norwegian North Sea after gaining consent from Norway's Petroleum Safety Authority.
Scottish oil workers had to evacuate a drilling rig off the Falkland Islands after part of it started to sink during a power cut.