Stone Energy Corp announced a definitive agreement to sell its non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore for $200 million in cash and...

The partners in the Johan Castberg license, comprising Statoil, Eni and Petoro, have decided to spend more time on making the final concept selection for the Johan Castberg...

Wärtsilä has received an order to deliver generating sets for two new well-intervention vessels for Siem Offshore from Norway. The vessels are under construction...

Oil production in the pre-salt Santos and Campos Basins have surpassed 500,000 bbl/day (bpd),topping-out at 520,000 bpd on 24 June and setting a new daily output record...

Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea...

Petrobras has reduced drilling time by 55%, from 126 days in 2010 to 60 days in 2013 in the pre-salt layer of the Lula and Sapinhoá fields, where it has achieved 30 days...

GE Oil & Gas has signed a multi-year agreement with PEMEX to supply and install surface wellheads and trees for an offshore project in the Campeche Sound Ayatsil field in the...

From operations onshore Romania to offshore New Zealand, challenges come in all shapes and sizes for OMV E&P, but the Austrian-based operator is...

Brunei Shell Petroleum (BSP) has awarded a contract to KCA Deutag’s land division for the construction and operation of a newbuild land rig in Brunei. Bentec will manufacture...

Oil and gas contribute hundreds of billions of euros to European government revenues every year, a new study shows, highlighting how the industry – far from being subsidized...