Marine Well Containment Company (MWCC) has announced the completion and delivery of its Expanded Containment System (ECS), bolstering well containment capabilities and response readiness for operators in the deepwater U.

Japan’s Inpex has said today it will transfer a 10% share in the Deepwater Block R, offshore Malaysia, to Australia’s Santos.

Oil rose on Friday as concerns over fighting in Iraq extended short covering from the previous session, but crude prices were still poised for a seventh month of declines, the longest rout on record.

Royal Dutch Shell has plans to return to Arctic drilling.

U.

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 7220/11-2, in the production licence 609 in the Barents Sea.

Total has signed a new 40-year onshore concession agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC), granting Total a 10% participating interest effective January 1, 2015.

Oil prices should reach a long-term equilibrium of $90 per barrel, Royal Dutch Shell's Chief Executive Ben van Beurden told a conference call on Thursday.

The Petroleum Safety Authority (PSA) Norway has given Wintershall Norge AS consent to use the facilities on the Vega field in connection with the company’s taking over of the operatorship from Statoil.

ConocoPhillips today reported a fourth-quarter 2014 net loss of $39 million, or $0.