Oil and Gas People has learned that Talisman Sinopec Energy UK has removed offshore workers access to the Sky Television service from all their North Sea assets in a cost saving measure that is estimated will save the company over £1 million per year.

Island Drilling, a Norwegian drilling contractor owning the Island Innovator semi-submersible drilling rig, has recorded a net loss of $51.

At yesterday’s meeting with Shadow Chancellor Ed Balls and his team, Oil & Gas UK has underlined the urgent need for regulatory and fiscal reform and improvements in cost efficiency to restore the international competitiveness of the UK oil and gas industry.

The world’s two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending.

Fugro, a Dutch provider of survey services to the international offshore oil and gas industry, has been taken to court by its shareholder Boskalis.

Global marine technology company, Kongsberg Maritime has reported a “significant increase” in the number of delegates partaking in its training courses.

Capricorn, a subsidiary of Cairn Energy will delay the appraisal well drilling at the Frontier Exploration Licence (FEL) 2/04, which is located in the Spanish Point area, 175 km off the west coast of Ireland in the northern Porcupine Basin.

French oil company Total could give it another shot with searching for gas offshore Cyprus, the Mediterranean country’s energy ministry has said.

Norwegian shipowner Island Offshore has agreed to delay deliveries of all of its under-construction vessels at Vard, except one.

Chevron Corporation executives, at the company’s annual security analyst meeting in New York, expressed confidence in the long-term energy business and highlighted its growth outlook through 2017.