Chevron Australia Pty Ltd has awarded DOF Subsea Asia Pacific a three years Master Services Agreement, IMR contract to work on projects on the Australian North West Shelf.

Brazil’s Petrobras has announced the start-up of the early production system at Búzios Field, Santos Basin, on Tuesday, March 10, 2015.

The North Sea has already produced 42 billion barrels of oil and gas, but could have as much as 24 billion barrels left, according to FT columnist Nick Butler (“Don’t abandon the North Sea” Feb 22).

A union boss today said an oil firm that axed Sky TV on its offshore platforms will not be the last to do so.

A cash flow of NOK 111 billion ($13.

Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in OPEC's second-largest producer.

OMV Norge AS (OMV) has received consent from the Petroleum Safety Authority (PSA) Norway to drill an exploration well 7324/8-2, located in the Barents Sea, with Leiv Eiriksson rig.

Chevron will ship its first LNG cargo from the $US54 billion ($70.

Statoil has informed that the licence partners have decided to temporarily halt drilling on Veslefrikk field, located in the North Sea.

Canada’s Suncor Energy, through its Norwegian subsidiary Suncor Norge, has started drilling operations at its Beta Statfjord Nord prospect, in the North Sea, offshore Norway.