STATOIL is embarking on the most ambitious offshore Arctic exploration drilling campaign ever attempted, with targets in the Barents Sea, to the north-west and east of Russia, west of Greenland and eastern Canada.
Offshore giant Total has released the first picture of the gas cloud engulfing its eerily-deserted Elgin platform in the North Sea.
THE safe removal of up to 660 tonnes of oil from the damaged pipeline in the Gannet field in the North Sea will take weeks, Shell has revealed.
NATIONAL Iranian Oil Company (NIOC) has launched its home-built semi-submersible drilling rig, Iran Alborz, at the Sadra Shipyard in Nekkairan, on the Caspian Sea coast. NIOC claimed the rig cost just $80million to build, but that, had it been built abroad, the cost could have been as high as $450million.