60 years to the day since BP got its first licence to operate in the North Sea, Doris Reiter warns the 'basin will lose out' on jobs, investment and the energy transition unless government and industry get on the same page on taxes.
Predator Oil and Gas (LON: PRD) has appointed Aberdeen-based well management specialist Zenith Energy for a project in Morocco.
UK energy major BP (LON: BP) had sold a share in a key Caspian pipeline to US investors Apollo (NYSE: APO) in a deal raising $1billion (£760m).
Concerns have been raised the project may now face court challenges by "emboldened" environmental campaigners.
Ithaca Energy (LON: ITH) has hailed "robust" cash flow but has warned about the "ongoing impact" of the UK government's oil and gas fiscal policies and the "long-term damage" they will cause.
Ken Gilmartin said Wood is "made up of some of the most brilliant, fantastic, creative, dedicated people on the planet".
Canada and North Sea-focused i3 Energy (AIM:i3E) has confirmed it has received a £174.1million bid from a Canadian rival.
Analysts welcome positives of the US buyout of the UK-based drill rig firm which brings a beneficial market share in the Middle East.
RWE's "letter of support" for UKOG's hydrogen storage scheme will increase its chances for UK government funding.
The deal with US lenders has staved off the firm's potential collapse.
Shell (LON:SHEL) unveiled quarterly profits $6.3 billion (£4.9b) as it highlighted global investments in gas and LNG.
The rentals specialist plans to keep buying more businesses around the globe in "critical industries" in "complex, challenging and remote locations".
Drax is seeking to invest in bioenergy with carbon capture, use and storage (BECCS) technology at its main power-generation site but is looking to the UK government for a subsidy "bridge"
Equinor’s (OSE:EQNR) profits for the second quarter fell 4% year on year but managed to beat analysts’ forecasts, according to its latest results.
CEO Davis Larssen and CFO Mark Fraser have also introduced an employee ownership scheme, marking a significant milestone in the company's 60-year history.
Deal is expected to boost north-east company's revenue by more than £50 million this year.
Aberdeen company Wood (WG.L) has rejected a second, improved takeover bid, worth nearly £1.5 billion from a Middle East suitor.
Shell (LON: SHEL) has no plans to list in New York, preferring to focus on its share buyback scheme to increase its value.
Democratic lawmakers in the US lambasted oil majors in a new report on Tuesday (30 April), claiming that the industry has engaged in “an elaborate campaign of deception and doublespeak” to forestall meaningful climate action and sustain their outsized profits.
BP (LON:BP) is expected to step back from its usual climate-strategy-focus at its Annual General Meeting (AGM) later today, analysts have said.
“I’m inviting all European oil and gas companies to relocate to America."
The combined UK group will produce over 100,000 barrels per day with a market cap of around £2bn.
Call from Sparta Capital Management comes a year after collapse of £1.7bn Wood takeover bid from private equity giant Apollo.
Shell (LON: SHEL) CEO Wael Sawan has said he is open to moving the supermajor’s primary stock listing from London to New York.
Exxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to-market derivatives.