Russian Gazprom will buy the remaining 50 per cent stake in South Stream Transport B.

Production from the Kinnoull field in the North Sea has started, operator BP said this morning.

Seismic surveyor Magseis has said that a final contract has been entered into with Chevron North Sea Ltd for seabed seismic acquisition in the UK sector of the North Sea using the company’s proprietary MASS system and the Artemis Athene vessel.

Five oil companies are eager to explore for oil and gas in the Adriatic Sea, offshore Croatia.

Malaysian Group Tanjung Offshore and France’s Bourbon aarlier this year entered into exclusive discussions for the sale of 51% ownership in Bourbon’s 9 Offshore Supply Vessels (OSV) operating in Malaysia.

The Petroleum Safety Authority of Norway (PSA) has given Det norske oljeselskap ASA consent to use the Transocean Winner mobile drilling facility to drill two new subsea production wells on the Alvheim field.

BG Group, a world leader in exploration and LNG, today announced that its partner Petróleo Brasileiro S.

Siem Offshore and N-Sea Offshore Ltd have entered into a charter agreement for the Offshore Subsea Construction Vessel “Siem N-Sea” (ex.

Seadrill Limited, an offshore drilling contractor, has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International Limited.

The recent nearly 50% drop in oil prices may slow the momentum behind the development of U.