A Taqa Bratani worker has died in an accident on the explorer’s Harding platform in the UK North Sea. The Aberdeen-based division of the Abu Dhabi-owned explorer said that the man had fallen overboard during maintenance activity on the platform at 2.17am on Thursday. The employee was recovered from the [...]

Inpex said today that keel-laying is under way in South Korea on the giant floating production, storage and offloading vessel for its Ichthys gas project in Australia. The Japanese player said the first block of the keel was placed during a ceremony at Daewoo Shipbuilding & Marine Engineering's shipyard in [...]

French engineering giant Technip saw profits rise in 2013 on the back of increased revenues and order intake. The company posted a profit of €563.1 million ($773.3 million) for 2013, up 3.6% on the €543.3 million profit booked the previous year. The rise in profits came as Technip generated more [...]

Brent crude eased back after hitting a five-week high above $109 a barrel on Monday as investors look ahead to more US and Chinese economic data this week that could shed greater light on the demand outlook in the world's two largest oil consumers. Investors will also closely track speeches [...]

Statoil has rebooted production from its Statfjord C platform off Norway after a nearly four-day shutdown caused by an oil leak. "Production on Statfjord C was resumed Wednesday evening after required inspection had been completed. The incident is currently being investigated," Statoil said in a statement. Norway’s Petroleum Safety Authority [...]

Brent crude futures held near $108 per barrel on Friday after strong US economic data renewed hopes of stronger global demand, but prices are still set to show the first monthly drop in four months on worries over faltering China's consumption. The European benchmark is poised to slip 2.6% in [...]

Statoil has been forced to shut down production from its Snohvit liquefied natural gas plant in northern Norway following a gas leak. The leak occurred late on Sunday evening due to a pump failure at the processing facility of the plant, located on the island of Melkoya off Hammerfest, and [...]

Ophir Energy has struck out at a wildcat off Tanzania that was hoped could hold about 10 trillion cubic feet of gas. The Africa-focused player has completed drilling the Mlinzi Mbali-1 well on Block 7 but found the targets to be water-bearing, it said on Thursday. The main target was [...]

Brent crude edged up to $111 per barrel on Thursday on a drop in US inventories and output cuts in Libya and South Sudan, but a weaker Chinese economy may hold back further gains. Factory growth in China - the second largest oil consumer - slowed in late 2013, although [...]

UK Minister of State for Energy and Climate Change Michael Fallon has confirmed that more details of tax incentives for shale gas development will be revealed in the Chancellor’s Autumn Statement on December 5. Speaking at the Tudor, Pickering, Holt & Co. Global Shale Seminar in London Thursday, Fallon reaffirmed [...]

London-based Tullow Oil has made a new oil discovery while drilling a wildcat well in Block 13T, onshore northern Kenya. The operator said on Friday that it found and sampled moveable oil at the Agete-1 exploration probe, recording an estimated 100 metres of net pay in good quality sandstone reservoirs. [...]

At least 35 people were killed and more than 150 injured after an explosion rocked a Sinopec-operated oil pipeline in China on Friday. The blast occurred at a port in the eastern city of Qingdao as the pipeline was being repaired, state media reported. Leaked oil from the pipeline is [...]