Petroleos Mexicanos discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production.

Offshore helicopter operator CHC has agreed to buy the oil and gas aviation business of Babcock.

BP Plc abandoned three oil projects in Kazakhstan after it changed strategy to concentrate on renewable energy and its existing ventures.

UK lawmakers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported.

Oil and gas helicopter operator CHC Group is to acquire the offshore business of UK-headquartered Babcock for an undisclosed fee.

ExxonMobil has completed the initial phase of a plant trial of a proprietary advanced recycling process for converting plastic waste into raw materials for production of high-value polymers

Italian oilfield services provider Saipem has lost a dispute in Norway and will have to pay compensation to two offshore workers due to the violation of working hours regulations.

Plan to Deleverage Balance Sheet by Over $6.5 Billion and Provide $520 Million Capital Injection

HV Group today announced a new contract with Allseas to provide helicopter services in support of the Energinet Europipe II Branch Pipeline project. The weekly H175 flights will depart from NHV’s base in Esbjerg.

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