Subsea 7 has extended a charter for one of Solstad Offshore’s vessels.

OPEC oil supply has jumped in March to its highest since October as Iraq's exports rebounded after bad weather and Saudi Arabia pumped at close to record rates, a Reuters survey found, a sign key members are sticking to their effort to regain market share.

Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets.

Oil prices are set to rise on average US$10 a barrel annually towards 2020, with global liquids supply and demand balancing out in around two years, according to Oslo-headquartered oil and gas consulting and business intelligence firm Rystad Energy.

Maersk Oil has informed that production has started from the new unmanned platform Tyra Southeast-B, located in the Danish North Sea.

BW Offshore, an Oslo-based provider of floating production systems to the international oil and gas industry, has received a notice of termination for the FPSO BW Athena contract from Ithaca Energy.

U.

Wood Group has been awarded a five year, multi-million contract by Total, which includes the option for two, one year extensions.

Statoil has today announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.

Royal Dutch Shell will resume drilling off Alaska after suspending operations for two years in the wake of an accident, the special U.