Largest oil and gas projects to spend $37bn before 2025

These projects are expected to produce 2.6 billion barrels of oil

BP pledges to limit emissions growth through to 2025

The firm also announced other targets, which it says are concrete, measurable and intended to be met over ten years

BP and Petrobras sign exploration MoU

The energy giants have committed to exploring areas of mutual interest in the upstream, downstream, trading and low carbon sectors

Oil and gas services firm signs $5.5m deal with Repsol

An oil and gas services company has secured a $5.5 million (£3.8m) contract with energy giant Repsol. The deal will see Proserv upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. It says the life of the existing equipment will be extended significantly beyond its original […]

More than 400 ConocoPhillips jobs to be lost by 2020

The energy giant currently has a total of 1,300 onshore and offshore staff and contractors in the country

New Zealand bans all new offshore oil exploration

The government said it will not revoke any existing exploration contracts

Maersk divisions form oil and gas decommissioning business

More than 400 fields in the North Sea alone are expected to cease production by 2026

‘More than $21bn will be spent on Iranian oil in next four years’

The nation plans to grow oil production to around 4.9 million barrels per day by 2021

Offshore gas operators ‘must team up to defeat salt deposits’

A new report says these deposits can cause production losses of up to 20%

‘Majority of UK’s oil and gas firms not investing in new tech’

The report claims the bulk of businesses in the sector are instead reliant on their supply chain for innovations