Former Petrobras downstream director Paulo Roberto Costa has been arrested again in Brazil in connection with $23 million kept in a Swiss bank account, prosecutors said according to reports. Paulo Roberto Costa, the former head of the company's refining unit, had been previously arrested in March on charges of involvement [...]

London-listed Enegi, ABT Oil & Gas (ABTOG) and Wood Group have signed a memorandum of understanding to transfer interest in ABTOG’s engineering subsidiary. Wood Group will take a 50% interest in Marginal Field Development, which will now be renamed and developed further in the upstream industry. The engineering unit will [...]

The scenic fjordside landscape surrounding the Westcon rig outfitting yard on Norway’s west coast has gained a new towering feature with the arrival this week of the world’s largest jack-up. The giant rig Maersk Intrepid, with a leg length of 207 metres, is the first of four so-called XL Enhanced [...]

Danish engineering consultancy Ramboll Oil & Gas is entering the UK Market through the acquisition of Aberdeen-based peer player Apply Altra. The former unit of Norway’s Apply Group has now been given the name of its new parent after the formal switch of ownership became effective earlier this month, although no value [...]

China has accused Vietnamese vessels of ramming its ships near a disputed oil rig in the South China Sea more than 1400 times. The Ministry of Foreign Affairs said Vietnam has continued to commit “serious infringements” to China’s sovereignty and to make “grave threat to the safety” of Chinese personnel [...]

Worker protests that have chopped exports have cost Libya at least $30 billion in lost revenue in less than a year, according to a report. The North African oil powerhouse is struggling to get some terminals and oilfields back online as some workers protest about unpaid wages. As a result, [...]

Libya's crude exports could fall to zero in days as the state oil company could be forced to divert the only remaining exports to the Zawiya refinery, which provides crucial gasoline to the country's capital, a report Wednesday said. Crude from two offshore fields may be used to supply the [...]

An explosion at a Shell-owned chemical plant in the Netherlands on Tuesday morning left two people injured. Firefighters are understood to have extinguished the blaze that broke out following the blast at the site in Moerdijk at 11pm local time. Two workers were slightly injured and have received treatment for [...]

Statoil has finally kicked off drilling of a controversial wildcat at the Apollo prospect in the Barents Sea after Greenpeace protestors were removed from the area. The 7324/2-1 probe has been spudded by semi-submersible Transocean Spitsbergen in Statoil-operated production licence 615 in the frontier Hoop area of the Arctic play, [...]

Mexico's attorney general has ordered the arrest of the chief executive of oil services company Oceanografia on charges related to a fraud probe involving Citigroup's local unit Banamex. Oceanografia boss Amado Yanez is under police protection in hospital after undergoing emergency surgery on 20 May, according to a Reuters report [...]

London-listed Petroceltic International has failed to strike across three wells in Iraq, Romania and Egypt. Two of the wells failed to return any hydrocarbon potential, while the third encountered good reservoir quality but found to be water wet. The Shakrok-1 well in the Kurdistan region of Iraq on the Shakrok [...]

London-listed Genel Energy has been given more time to carry out work on the Odewayne production sharing contract in Somaliland. Joint venture partner Sterling Energy revealed on Thursday that the government had granted a two-year extension to the current work period of the PSC, until 2 November 2016. The outstanding [...]