Oil crash opens way for services deals

Transocean - Deepwater Championin U.S. Gulf of Mexico 2012

Schlumberger’s proposed takeover of Cameron is an attempt to better serve deepwater oil explorers

Oil heads for biggest 2-day gain in years

Jump triggered by speculators buying back bets on lower prices

Icahn reveals 8.5% stake in Freeport

Activist to discuss capex, executive pay and production costs

Oil price in biggest rise since 2008

Stock market rally and pipeline outages stoke upswing

Statoil ASA and partners Petoro AS, Det norske oljeselskap ASA and Lundin Norway AS have made a high-impact oil discovery on the Aldous Major South prospect (PL 265) in the North Sea. Aldous Major South is located in licence 265. Statoil is the operator and has a 40% interest. The other partners are Petoro (30%), Det norske oljeselskap (20%) and Lundin (10%). The well was drilled by the Transocean Leader drilling rig brukt i WE oktober 2011 Funnet Aldous har fått felt navnet Johan Sverdrup
©Harald Pattersen/Statoil

North Sea oil: northern exposure

Nostalgia lingers for when the UK was considered an oil power

Offshore workers are to go ahead with a strike ballot over changes to working conditions. The GMB and Unite unions said progress had been made in talks but not enough to resolve the dispute. The Offshore Contractors Association said it was “extremely disappointed” that the ballot was to go ahead.

Amec Foster Wheeler’s profits fall 24%

Oil services company expects a deterioration in profit margin

The Total SA company logo is seen outside their headquarters in the La Defense business district in Paris
©Balint Porneczi/Bloomberg

Total to sell $900m of North Sea assets

French group exits gas terminal and pipelines amid oil slide

Exploration well, Taq Taq

Oil groups’ shares jump on KRG pledge

Semi-autonomous region to pay companies up to $100m in September

Oil shakes off some gloom as equities rally

Traders bet US will hold off rate rise

Schlumberger to buy Cameron for $14.3bn

Oil services companies are consolidating amid crude price slide

Schlumberger: pump and circumstance

Cameron deal makes financial sense but the market seems less sure

US watchdog faces shale quake legal threat

Call to update rules on wastewater disposal from oil production

Investors fear dividend cut by oil majors

Yields are rising, highlighting shareholder concern about payouts

India’s LIC saves Indian Oil share sale

Life Insurance Corporation buys nearly all stock in ill-timed public offering

US natural gas glut prompts price warning

Robust shale gas output offsets rise in demand from power plants

Transocean skips dividends as losses rise

Offshore drilling contractor hit by fresh drop in oil prices

Saudi riyal under pressure from oil price

Traders are betting on a future devaluation

North Sea losses push Petrofac into red

Earnings slip but chief confident of oil group’s prospects

Iran oil plan puts focus on Opec strategy

Tussle over market share within group is intensifying

Cheap petrol to lift US consumer spending

Weak oil is countervailing force to economic drag from stocks

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