The investigation by the Petroleum Safety Authority Norway (PSA) into the incident on the jack-up rig Mærsk Giant, when a lifeboat was unintentionally launched to the sea, has now been completed.

Schlumberger, the world’s largest provider of services to the oil and gas industry, has announced new round of job cuts.

Sealion Shipping Ltd, on behalf of Toisa Limited, has ordered two DP2 Multi-Purpose Offshore Construction & ROV Support Vessels (RSV’s) in China.

French oilfield services provider Technip and its consortium partner China Offshore Oil Engineering Company (COOEC) have been awarded a front end engineering design (FEED) contract by China National Offshore Oil Corporation Limited (CNOOC Ltd.

Brazil’s state-run oil company Petrobras has denied it has plans to sell stakes in its pre-salt assets.

Nexans, a France-based cable manufacturer for the oil and gas industry, has confirmed the launch of both temporary