Norwegian Petroleum Directorate has today issued a statement saying that high costs and weaker oil prices could drive necessary readjustments that will strengthen the petroleum industry over the long-term.

Ruling on the issues raised in the Phase 2 trial of the Deepwater Horizon case: the quantification of oil spilled and BP’s source control efforts following the accident, United States District Court for the Eastern District of Louisiana found BP was not grossly negligent, reckless, wilful, or wanton in its source control planning.

Spanish oil company Repsol has completed the exploration well, located offshore the Canary Islands.

As unions in the UK enter into crisis talks with oil and gas chiefs in Aberdeen today, offshore union RMT has released an improvement notice served on BP by the HSE UK.

The Bureau of Safety and Environmental Enforcement (BSEE) has announced this week that it is soliciting proposals for oil spill response research projects and will be investing up to $6 million to support these projects in 2015.

Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from New Orient Marine Pte Ltd, a subsidiary of Luxembourg-based Maritime Construction Services SA, for an ice-class multi-purpose vessel worth about S$265 million ($198.

MacGregor, part of Cargotec, has won a contract from Fujian Southeast Shipyard in China to supply deck equipment packages for two 78m anchor-handling/offshore support vessels under construction for Singapore-based Adhart Shipping Pte Ltd.

Scottish government pledges to try to preserve offshore energy sector jobs, with prices having fallen 60% in the last six monthsThe potential impact of the oil price slump on Scotland was underlined as a leading energy expert warned on Wednesday that North Sea oilfields could be shut down if the oil price fell by just a few more dollars.

Total has started gas and condensate production from the West Franklin Phase 2 project in the Central Graben area of the UK North Sea.

The Petroleum Safety Authority (PSA) has decided to investigate the lifeboat incident which occurred on the Mærsk Giant jack-up drilling rig on January 14, 2015.