Schlumberger takes $12 billion charge as CEO charts new course   Schlumberger NV’s new chief executive wielded an axe to…

AXIS Network Chair nominated for Women in Science and Engineering award   Karen Blanc, chair of local gender-balance action group AXIS…

SBM Offshore completes US$1.14 billion financing of Liza Unity FPSO   SBM Offshore has completed the project financing of FPSO…

Mammoth Oil Field Hit Hard By Unplanned Production Cuts   Oil production at one of the world’s largest offshore oil…

Oil prices fall on signs of large US stock build   Oil prices fell on Thursday after industry data showed…

BHGE changes name   Baker Hughes, a GE company has announced its successful name change to Baker Hughes Company. The…

Naturgy, Sonatrach to buy out Mubadala’s stake in Medgaz gas pipeline   Naturgy (formerly Gas Natural Fenosa) and Sonatrach have…

ONGC and ExxonMobil sign MoU for development of offshore resources   India’s Oil and Natural Gas Corporation (ONGC) Ltd has…

Karoon secures $275m loan facility to complete acquisition of Baúna oil field   Australian independent oil and gas firm Karoon…

Drilling activity in Norway nearing all-time high   While global offshore exploration activity has been flat year-to-date, the situation has…