Statoil's latest North Sea wildcat well has come up dry.
Semi-submersible provider Prosafe has signed a $24million contract with Shell for its Regalia accommodation vessel at the Brent C platform in the UK sector of the North Sea.
Shell Norske has been given permission to drill a wildcat well on the Norwegian shelf.
Liberal Democrat leader Willie Rennie has called for tax cuts for the oil industry and low and middle earners in an attempt to steer a centrist path through the left and right-leaning policies of his opponents.
Up to 200 staff at Maersk Oil in the UK face the risk of redundancy after the company revealed plans to shut down one of its North Sea assets.
The Norwegian Petroleum Directorate has granted consent for start-up and operation of a new subsea wet gas compressor and umbilical on Gullfaks Sør field in production licence 050.
Oil giant Statoil has outsourced its UK onshore and offshore payroll services to Norwegian firm Frontica Business Solutions.
Xcite Energy said it was continuing to make progress with its Bentley field, albeit that it was taking longer than it would like due to the technical nature of the development.
Statoil has opted for oil spill response specialist Aptomar’s management system at its field monitoring centre at Sandsli in Bergen, Norway.
Statoil's record-breaking Polarled gas pipeline has become the first to cross the Arctic Circle, opening a new "gas highway" from the Norwegian Sea to Europe.
Statoil's plans for the first development phase of the massive Johan Sverdrup field have been approved by the Norwegian government.
The Norwegian Petroleum Directorate has issued a drilling permit to operator VNG Norge for a new wildcat well in the North Sea.
North Sea oil producer Taqa said yesterday it was on course for annual savings of more than £260million after shedding 22% of its global workforce. It also reported higher profits from the UK North Sea after a boost from fiscal changes aimed at reducing the burden of taxation on operators and encouraging investment Grant Gillon, the Middle East firm’s new chief financial officer, said a transformational programme put in motion against a “challenging” backdrop of lower oil prices was achieving results. The Scottish engineering graduate also said Taqa’s financial position was strong after a recent refinancing of £2billion of existing credit facilities on improved terms.
Independent Oil and Gas has extended the deadline for its acquisition of 50% of the Skipper field discovery in the North Sea after its plans to secure a high-value backer unexpectedly fell through.
E.ON has completed a wildcat well near the Skarv field and confirmed it is a dry hole.
Norway's hard pressed oil and gas sector can weather the storm created by $50 oil, if the industry continues to work towards reducing costs and adapts to the new price levels.
Industry body Oil and Gas UK is hosting a series of regional briefing sessions to discuss the findings of its 2015 Economic Report.
A £15million investment at Montrose harbour will help it compete for lucrative offshore oil and gas decommissioning work in years to come, according to the port's operator.
Lundin has successfully completed the drilling and logging of an appraisal well in the Edvard Grieg field in the Norwegian North Sea.
The UK oil and gas industry risks losing a generation of skilled fliers if action is not taken to halt job losses.
CHC Helicopter has entered into a consultation process with staff over job losses as it looks to streamline costs. The company said a number of positions are likely to be affected including pilots, engineering and support staff. The news comes after Bristow announced it was in consultation over job reductions.
Industry body Oil and Gas UK said production is set to rise for the first time in 15 years, according to provisional figures.
New guidelines to improve efficiency and reliability during planned maintenance shutdowns of offshore installations has been launched by industry trade body Oil & Gas UK.
Oil & Gas UK's Business Sentiment Index for the second quarter of 2015 published today shows that industry remains fragile but that companies’ outlook is improving.
Marine geophysical services specialist WGP has completed its spring/summer program of reservoir monitoring operations for Statoil's Snorre and Grane fields ahead of schedule.