NEO Energy names Nexen veteran as new CEO
M&A specialist Russ Alton is out, project manager Paul Harris is in.
M&A specialist Russ Alton is out, project manager Paul Harris is in.
Baker Hughes (NASDAQ: BKR) capped its big restructuring year of 2022 with โrecordโ orders during Q4.
Harbour Energy (LON: HBR) is "bloated" staff-wise, say analysts, and this week the firm said it would slash jobs in Aberdeen due to the UK Government windfall tax.
Serica Energy (LON: SQZ) has issued new info on its proposed takeover of Tailwind Energy, arguing that the latterโs tax losses could deliver a positive to shareholders in coming years.
Oil prices edged higher after tumbling around 9% over the previous two sessions, with demand concerns continuing to hang over the market.
A Tokyo Gas Co. unit is in advanced talks to buy US natural gas producer Rockcliff Energy in a deal worth about $4.6 billion, including debt, a person with knowledge of the matter said.
Oilโs miserable start to the year deepened as a deteriorating demand outlook came to the fore, buttressed by predictions for a US recession, Chinaโs near-term struggle with Covid-19, and milder winter weather.
International oil price benchmark Brent Crude climbed in the yearโs first session as traders digested mixed signals on demand from China, the worldโs largest crude importer.
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
Analysts weigh-in on Petrofacโs dire news and the road ahead.
After Tailwind, Serica Energy eyes new projects in the UK like the Belinda discovery, along with more deals and a potential energy transition shift.
Completion of the deal will put Serica in the club of top 10 producers in the UK North Sea.
Shareholder activist group Follow This filed resolutions with Shell (LON: SHEL), BP (LON: BP), ExxonMobil (NYSE: XOM) , and Chevron (NYSE: CVX).
Harbour Energy (LON: HBR), the top producer in the North Sea, has been knocked out of the club of leading publicly-quoted UK companies.
An Aberdeen-based carbon capture firm is launching its first round of fundraising with the aim of generating ยฃ1bn revenues over the next 10 years.
North Sea producer Ithaca Energy (LON: ITH) has posted pre-tax profits of more than $2bn in its first set of results since its London debut.
Shell (LON: SHEL) has launched the sale of its stakes in a group of oilfields in the UK North Sea, according to marketing materials.
Chinaโs CNOOC is reportedly seeking a $2 billion sale of its assets in the US as sanction concerns ramp up.
Ithaca Energy (LON: ITH) will benefit from recent changes to the windfall tax, but rivals Neptune Energy and EnQuest (LON: ENQ) will be harder hit, according to new research.
Several independent North Sea producers saw their share prices drop after the chancellorโs windfall tax announcement - lending credence to claims they are harder hit than oil majors by the policy.
Waldorf Production, a prolific buyer of oil and gas exploration assets in the North Sea, is seeking to raise as much as $2 billion to help bankroll more deals, people with knowledge of the matter said.
A top boss at Ithaca Energy (LON: ITH) hopes the company's initial public offering (IPO) in London will mark a โturning pointโ for investment in the North Sea.
As Ithaca Energy looks to make an Initial Public Offering (IPO) in London, we take a look at some of the other North Sea operators that have launched stocks recently.
The UK is pressing ahead with legislation to prevent its services being used to allow shipments of oil from Russia internationally.
Edinburgh-headquartered Flotation Energy has been acquired by Japanese utilities giant Tokyo Electric Power Company (TEPCO).