Oilfield services giant Weatherford International has to pay out a penalty of $140 million over an accountancy fraud that has also led to two former executives censured by authorities.
Xcite Energy is sweating on shareholder approval of a bond restructuring that is set to substantially dilute equity holdings in the London-listed independent.
BP has secured amendments from the authorities for three concessions in Egypt to enable output to be ramped up from the Nooros gas discovery after recording positive appraisal results at another find.
Eni restarts oilfield off Norway after month-long shutdown
Four people have been confirmed dead after a helicopter crashed into the sea on its way to a Chevron oil platform.
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