Lundin’s Barents Sea wildcat well a failure
Swedish firm Lundin Petroleum's Borselv well in the Barents Sea is dry, Norwegian authorities said today.
Swedish firm Lundin Petroleum's Borselv well in the Barents Sea is dry, Norwegian authorities said today.
Oil firm i3 Energy said today that it was “working on several North Sea asset opportunities” while also trying to secure more funds to develop the Liberator field.
RockRose Energy’s boss said today that the oil firm was “advancing transactions” that would transform it into a “significant” North Sea producer.
A North Sea oil and gas helicopter boss is swapping aviation for a maritime role as the new chief executive of Aberdeen Harbour Board (AHB).
Serica Energy’s boss said yesterday that the firm needs to “spread the risk” beyond the Erskine field by developing its North Sea assets and beefing up its portfolio.
Shale drillers and oil sands producers have posted some healthy profits so far this year, but it’ll take oil consistently above $50 a barrel for their investments to pay off in the long run.
Danish company Dong Energy said yesterday that the sale of its upstream oil and gas business to petrochemicals giant Ineos had been approved.
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Norwegian private equity fund HitecVision has restructured oil service group Apply after more than doubling its stake through a £37.5million investment.
The solar sector is reeling from confusion, and stock prices are reeling right along with it. The time it has taken investors and traders to wrap their heads around Trump's industry tariffs and the pyrrhic victory of two solar companies in a case against cheap Chinese imports has seen stocks rally in a big way, and then fall just as hard.
A groundbreaking hydrogen project called Surf ‘N’ Turf has had its official launch in Orkney.
Aberdeen company Oteac, which specialises in fire and safety products, said yesterday it had won an £800,000-plus contract for work on the city’s new exhibition and conference centre.
Houston oilfield services firm Frank's International named its fourth chief executive in less than three years on Wednesday, continuing the longtime family company's tumultuous ride since going public in 2013.
For the most part, Texas oil executives aren't too worried about the long-term impacts of Hurricane Harvey, a new survey shows.
A takeover of a rival offshore drilling contractor by Rowan Companies would be a vote of confidence for the market, an analyst has said.
Subsea services company Acteon Group has reported a plunge into the red as the oil price slump of 2014/15 continued to hurt business.
The rate of non-Opec production decline will remain steady through to 2020, creating disappointment for companies pinning their hopes on crude price rises, a new report said.
A continuing low oil price has led to a re-focus of investment strategy and rebranding at independent private-equity firm Energy Ventures.
Only one block in the Santos basin attracted a bid in Brazil’s 14th offshore licencing round, the country’s oil watchdog ANP said.
Dutch subsea services provider N-Sea has opened a new office in Germany to help it keep up with the "exponential" growth rate of the country's renewables market.
Maersk Oil said today that its chief executive will leave the business once its acquisition by Total goes through.
Europe’s aviation watchdog has issued an “emergency” airworthiness directive (AD) ordering operators to carry out a new set of checks on Super Puma helicopters.
Faroe Petroleum's boss said yesterday that the North Sea mergers and acquisitions market is “hotting up” as players become more “impatient”.
Moray SNP MSP Richard Lochhead said yesterday the loss of more than 30 jobs at a failed Fochabers engineering firm was a “sorry blow” to the economy.
A north-east oil services firm majority-owned by businessman Thomas John Stodart is expected to go into administration later this week.