Soco International has said that its capital expenditure for 2014 should be around $90 million, down from $161 million in 2014.

Maersk Oil UK has awarded Ramboll Oil & Gas the detailed design for the two jackets for a central processing facility platform and a separate utilities and living quarter platform for the Culzean field, in the North Sea, offshore Aberdeen.

Route for the new gas pipeline across the Black Sea between Russia and Turkey was approved yesterday at working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources held yesterday in Ankara.

Royal Dutch Shell (RDSa.

In December, hotel occupancy rates in Aberdeen dropped 4.

Chevron Corporation will work with BP Exploration and Production Inc.

The U.

McDermott International, Inc.

Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company said on Tuesday, stressing the top crude exporter will not single handedly balance the global oil market.

MEC Resources has reported that its subsidiary Advent Energy is preparing an Environment Plan for a seismic data acquisition campaign offshore Australia.