British oil giant BP today reported its results for first quarter of 2015.

The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norge AS a drilling permit for well 35/12-5 S, in the Norwegian North Sea.

MacGregor, a deck equipment provider and a subsidiary of Cargotec, will start cutting workforce to respond to the deteriorating market situation caused by the low oil price and low number of new merchant ship orders.

Italy’s Saipem has announced its first quarter 2015 results according to which the company’s net profit was €77 million ($83.

Kosmos Energy has announced today that the Tortue-1 exploration well, in Block C-8 offshore Mauritania, has made a significant, play-opening gas discovery.

A leading oil firm has warned 390 staff their jobs are at risk.

McDermott International, Inc.

Falck Safety Services (Falck), has recently enhanced its fire training asset, installing a new three-storey fire rig, located at Aberdeen Airport.

Tullow Oil has informed that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg has rejected Côte d’Ivoire’s request that Ghana be ordered to suspend all oil exploration and exploitation in the disputed zone including the Tweneboa-Enyenra-Ntomme (TEN) Project.

The UK government has said it would oppose any takeover attempt for oil giant BP from foreign firms, as the company has become an