BPZ Energy, an independent oil and gas exploration and production company, has started production from another Corvina well, offshore Peru.

Hess Corporation’s Australian subsidiary, Hess Exploration Australia Pty Ltd, has signed a non-binding Letter of Intent (LOI) with the North West Shelf (NWS).

China’s rig builder CIMC Raffles has said it won the bidding for the construction of a jack-up drilling rig for Sinopec.

Premier Oil, a UK-based independent oil and gas company has completed two previously announced asset sales worth $147.

Russian oil company Rosneft has repaid part of a loan taken to pay for the acquisition of TNK-BP.

In light of falling oil prices, which were at a five-year low last week, Oil & Gas UK has called for the government’s reform to the oil and gas fiscal regime to be accelerated.

Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to use Scarabeo 5 for plugging and production drilling in the Norwegian Sea.

An offshore worker was yesterday airlifted to hospital from a North Sea oil platform after being hit by a falling pipe.

Irish oil and gas exploration firm Providence Resources has informed that it has won a court case against offshore drilling contractor Transocean.

French oil company Total has started what it describes as an intensive drilling program at the Egina offshore project in Nigeria.