Lundin revenues double on strong production figures
Lundin Petroleum more than doubled its third quarter revenues on the back of strong production figures.
Lundin Petroleum more than doubled its third quarter revenues on the back of strong production figures.
A group of seven oil and gas companies, including Shell, will reveal plans for a renewable energy investment fund on Friday, a news report said, citing unidentified sources.
Production efficiency increased to 71% on the UK continental shelf last year, the Oil and Gas Authority (OGA) said yesterday.
Mærsk has sold 16.2million shares in Danske Bank at a price of DKK 200 (£24.29) per share.
N-Sea has added to its fleet with the long-term charter of a vessel from Norwegian shipping contractor Siem Offshore.
Africa-focused firm Victoria Oil and Gas said today that drilling has started on two development wells in Cameroon.
Norwegian vessel contractor DOF Subsea has sold its Skandi Stord ship to an undisclosed buyer. Built in 1999, the vessel has been laid up since June 2016. DOF’s profits fell 60% in the second quarter as activity levels amid the oil price downturn remained depressed.
A Derbyshire-based land and property developer has emerged as the new owner of the former fabrication yard at Adersier, in the Highlands, following a £5million deal.
A non-executive director has left embattled North Sea firm Xcite Energy.
Profits dived at Danish conglomerate Maersk in the third quarter despite strong showings from its oil and drilling businesses.
BP’s plans to extend its restructuring into next year will not affect its North Sea business, which is moving a number of key projects towards start-up, the oil major said yesterday.
Aberdeen and Grampian Chamber of Commerce (AGCC) will welcome a delegation from Barranquilla, Colombia, to the Granite City tomorrow.
Almost 2.5 million households already owe their energy companies an average of £120 as winter begins, according to a survey.
A nuclear industry chief has become the first patron of an organisation created to address the sector’s gender imbalance.
A Peterhead-based protective coatings firm has received permission to expand its blast and painting facility.
Oilfield service firm McDermott has opened a new office with space for 300 people in Saudi Arabia.
Irish oil and gas explorer Providence Resources has contacted the preferred bidder to supply it with a rig for its Druid prospect following a tender.
Shares of Independent Oil and Gas (IOG) dropped this morning after the company said it had scrapped plans to buy the Cronx licence in the southern North Sea.
A planned test of Premier Oil’s financial covenants has once again been pushed back one month.
Statoil today submitted a field development plan for the (5.5 billion NOK) £540million Trestakk discovery in the Norwegian Sea.
Shell posted pre-tax profits of $1.86billion in the third quarter of 2016, but only moved another $220million towards its divestment target.
BP returned to profit in the third quarter as the oil major made “good progress” adjusting to the low crude price environment.
A huge former Highland fabrication yard has been sold in a £5million deal.
BP has appointed a former Danish beer boss as a non-executive director of its board.
Energy logistics firm Peterson will today launch an app which gives oil and gas operators instant information about the availability of space on North Sea vessels.