The downstream industry has been affected particularly severely by the unique combination of events that unfolded this year. On the one hand, the coronavirus pandemic decimated demand for their products, and on the other, OPEC+ reduced production, raising prices.

Norwegian oilfield services company Aker Solutions has won a contract extension from ExxonMobil for the provision of engineering, procurement, and construction (EPC) services for the Hebron platform, offshore Newfoundland, Canada.

Dutch offshore surveying services provider Fugro has started the geophysical survey phase of a large multidisciplinary site investigation contract for East Anglia offshore wind hub project in the UK

Spanish Foreign Minister Arancha Gonzalez Laya said on Tuesday she hopes the will shown by Turkey to open a dialogue on oil drilling in the Eastern Mediterranean will be followed by action.

Oil firm BP has been fined £7,000 - after admitting regulatory failings which led to the discharge of crude oil into the North Sea.

A very slow recovery in jet fuel demand will drag on global oil demand for at least another two years as overall passenger traffic numbers continue to be low and mandatory quarantines continue to stop people from traveling on international flights.

Israel's Delek Drilling plans to raise $2.25 billion in an international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.

China-based offshore oil and gas-focused company CNOOC will acquire rights in Abu Dhabi's major offshore blocks Lower Zakum, Umm Shaif and Nasr.

An offshore supply vessel was reportedly attacked offshore Mexico on Friday, July 24, in an incident that was described as a "violent armed boarding and robbery of personal belongings."

Global energy consultancy Xodus Group has agreed a partnership with Japanese consultancy E&E Solutions to deliver in-depth advice and analysis for the fast-developing offshore wind market in Japan.