A state of emergency has been declared in the Russian Black Sea town of Tuapse after a burst pipeline spewed oil into the body of water.

Brazil’s Petrobras has reached, on December 21st, “a new historical record” of daily oil and NGL production, producing 2 million 286 thousand barrels.

Aker Solutions is set to deliver the modules for the world’s first subsea gas compression system at the Statoil-operated Åsgard field.

Peak Well Systems has commissioned two new ISO Test Facilities in Perth, Australia and Aberdeen, UK to test its advanced well plug systems.

DNV GL has published a new Recommended Practice (RP) on setting up an integrity management system (IMS).

Island Offshore Group has sold the vessel M/V Island Champion, a UT776 design PSV-vessel delivered from VARD Brevik in March 2007.

Chariot Oil & Gas Limited has informed that the farm-out signed between its subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd.

After share price of Afren PLC, an Africa-focused oil and gas exploration company, rose around 16 per cent today, the company has issued a statement explaining the jump.

THE former head of BP’s North Sea operations yesterday warned urgent action is needed to stem the “premature demise” of the basin as the oil price came under fresh pressure from Saudi Arabia, which indicated it could increase its output.

The number of insolvencies of UK oil and gas services companies has trebled in the last year, and the sudden plunge in crude prices is creating financial stress across the sector, according to figures published today.