Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to use West Epsilon rig for production drilling on the Gudrun field located in the North Sea.

Petrolia’s subsidiary, Petrolia Norway AS, has announced that drilling of exploration well 26/10-1 in PL674BS, offshore Norway, has started.

Oil and gas firm Talisman Sinopec intends to cut hundreds of jobs amid an ongoing slump in the value of oil.

Schlumberger, the world’s largest provider of oilfield services, will buy interest in a Russian drilling contractor Eurasia Drilling Company Limited (“EDC”).

Energy services firm Bilfinger Salamis UK, has won new contracts with a combined total value of over £100million.

Norwegian Energy Company ASA (Noreco) has informed that production from the Huntington field, located in the UK North Sea, will continue at restricted rates until the end of February at the earliest.

Baker Hughes, soon to merge with Halliburton, today reported its revenue for the fourth quarter 2014 was a record $6.

Halliburton, the world’s second largest oilfield services provider announced today that income from continuing operations for the fourth quarter of 2014 was $1.

Otto Energy’s board of directors has approved the sale of the oil company’s stake in the Galoc Production Company (GPC).

Heerema Fabrication Group and Maersk Oil, have held a ceremony to mark the start of construction of the Culzean Wellhead Platform jacket.