Carnarvon Petroleum Limited, an independent oil company based in Australia, has said that the fact that Apache is selling its Australian business will not affect drilling plans for the Roc-1 offshore exploration well.

Cortez Subsea, a subsea services and technology products company, has established its first foothold in the Malaysian oil and gas sector after signing an exclusive agreement with a “major player” to introduce its supply chain capabilities into the region.

Exxon Mobil Corp (XOM.

Shipowner and operator, Swire Pacific Offshore Operations (SPO), has reaffirmed the cancellation of shipbuilding contracts for four Platform Supply Vessels (PSVs) with Estaleiro Ilha S.

The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable.

Falkland Oil and Gas Limited, the oil and gas exploration company focused on its license areas to the North, South and East of the Falkland Islands, has announced that the 14/20-1 ‘Isobel Deep’ exploration well was spudded, by Premier Oil as operator, on April 8, 2015.

Aibel has decided to let go 40-50 workers from Kristiansund, Norway and another 70 workers from Bergen, Norway.

Polarcus Limited has signed a Letter of Award (“LOA”) with TGS-NOPEC Geophysical Company ASA for the charter of the company’s 3D seismic vessel, Polarcus Adira.

Oil prices rallied more than 2 percent on Thursday, clawing back part of a 6 percent slump triggered by a jump in U.

The Coastguard has confirmed that a helicopter has been dispatched to the Lomond platform this morning and is currently on route to Aberdeen airport.