British energy giant BP unveiled plans Friday to invest a record $12 billion in Egyptian gas fields with Russian partner DEA in a "vote of confidence" for the troubled nation.

Australian energy company WHL Energy Limited has firmed up key prospects in Seychelles acreage following interpretation of a preliminary PreSTM volume of the Junon 3D seismic survey.

British energy businesses will benefit from closer co-operation between the UK and Mexico said the UK Energy Minister Matthew Hancock as Mexican President Enrique Peña Nieto arrived in Aberdeen yesterday.

Falkland Oil and Gas Limited (FOGL) has announced that the 14/15-5 ‘Zebedee’ exploration well, off the Falkland Islands, was spudded, by Premier Oil as operator, on March 6, 2015.

Shell yesterday marked delivery of an LNG-powered Offshore Supply Vessel for its deep water operations in the Gulf of Mexico.

Baker Hughes Incorporated announced today that the worldwide offshore rig count for February 2015 rose to 379 active units.

BP are to postponed construction of their £500 million, Sullom Voe, gas sweetening plant for at least five months.

DOF has secured a contract extension with Chevron for the Skandi Salvador construction support vessel and IRM services for the remainder of 2015.

Lundin Petroleum has said that its Brynhild oil field in the Norwegian North Sea has returned to production after being shut down for more than a month.

BP today announced that it has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with an estimated investment of around $12 billion by BP and its partner.