UK oilfield services giant Petrofac has secured £1.3 billion worth of orders so far this year. and expects to compete for contracts worth £11.7bn in the second half of 2019.

Offshore caterers have overwhelmingly accepted an ``improved`` pay offer from the sector’s trade association. according to Unite workers union.

Spanish oil firm Repsol has announced it has achieved first oil from its deep-water Buckskin project in the Gulf Of Mexico.

New research on Australian gas fields could ‘pave the way’ for the safe development of carbon capture and storage (CCS) in the UK North Sea.

Researchers suggest by 2080. Asian Russia could have a milder climate. with significantly less permafrost coverage.

The US government imposed a new round of sanctions on Iran in November 2018.

Oil extended its rally after the U.S. said it was preparing new sanctions against Iran. further escalating tensions between the two states.

It is the first time that repair and maintenance services of giant ships is assigned to the domestic repair yards and the most experienced Iranian experts.

That’s according to Citizens Advice. which says licencing regulations for new market entrants are too relaxed.

Baker Hughes. a GE company and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies.