The sun rises behind a ship as it enters the North Sea from the river Tyne, near Tynemouth, England, Wednesday, Oct. 15, 2014. (AP Photo/PA, Owen Humphreys)

Endeavour International oil field in North Sea back online

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Houston oil explorer Endeavour International Corp. got a bit of good news Wednesday in the midst of seeking bankruptcy protection: One of its biggest oil fields in the UK North Sea is back online.
The head office of Statoil in Stavanger, Norway.  (AP Photo / Kent Skibstad, NTB scanpix, File)

Statoil announces Tanzania gas discovery

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The Norwegian energy company has had a presence in Tanzania since 2007.
A CHC helicopter

GE to buy helicopter fleet for $1.8 billion

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General Electric said it will use the helicopters to transport drilling rig crews to offshore platforms.
The OneSubsea exhibit booth at the 2014 Offshore Technology Conference. (Collin Eaton/Houston Chronicle)

OneSubsea gets $270 million for Pemex’s first deepwater subsea field

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OneSubsea announced Monday that it won a $270 million contract to develop a subsea production system for Pemex that will serve the first deepwater subsea field developed by Pemex, Mexico’s national oil company.
(Image: Halava)

Houston oil firm in North Sea files for bankruptcy protection

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Disruptions at its oil fields in the U.K. North Sea and a high level of debt have driven Houston-based Endeavour International to file for Chapter 11 bankruptcy.
From Greenpeace's "Save the Arctic" page.

Lego to scrap Shell deal after Arctic protest

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Environmental activists Greenpeace launched in July a video showing an Arctic landscape with a Shell drilling platform made of Lego bricks covered in oil.
(Andrey Rudakov/Bloomberg)

Shell begins production from its first deepwater Malaysia project

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The project could eventually lead to peak production of 135,000 barrels of oil per day for a joint venture including ConocoPhillips and Shell.
(AP Photo/HO, Shell)

ConocoPhillips strikes oil off Senegal

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The company said further evaluation would be needed to determine whether or not the well had reached enough oil to make producing it commercially viable.
(AP Photo/Alexander Zemlianichenko, file)

Russia oil production nears record with sanctions yet to bite

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Sanctions already halted some joint work between Exxon Mobil Corp. and Rosneft, threatening a project in the Kara Sea where the state-run company said last week it may have identified a billion-barrel crude discovery.
(AP Photo/Xinhua, Jin Liangkuai)

Audit: Offshore drilling permit reviews are inconsistent

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he federal agency in charge of regulating offshore drilling doesn’t have standardized procedures for reviewing permits and has not finished establishing an electronic program designed to streamline the process, according to government audit.