The chief executive of Oil & Gas UK issued a rallying call to the chancellor today for measures in this month’s Budget to prove he has confidence in the future of the beleaguered sector.
Subsea 7 has won a “sizeable” contract from BP for its assets in the UK North Sea.
Reports of the demise of North Sea oil and gas are greatly exaggerated, the boss of a global technical recruitment company insisted yesterday.
Production from a North Sea platform is expected to resume in the second quarter of the year after it was shut down on Boxing Day.
Marathon Oil Corp., which is joining a slew of U.S. producers selling equity to shore up their finances during the worst market rout in a generation, increased the size of the deal. The stock slid as shares outstanding will rise by about 20 percent.
A £300,000 package of measures aimed at supporting struggling businesses and employees in the oil and gas sector is being launched in eastern England
Energy firm Centrica is reportedly involved in talks with Engie over the future of some of the French company’s oil and gas assets.
Opportunity North East (ONE) will work with oil and gas industry leaders to establish Aberdeen as a global centre for offshore technology and development.
Oil major BP plans to choose a development solution before the end of the year for its Snadd North and Snadd Outer Skarv field in the North Sea.
US oil and gas firm Apache has hired Harkand to support its drilling campaign on the Nevis South field in the North Sea.
Wood Group has honoured its founder by naming its new office at the south of the city after him.
Diesel specialist Bartech Marine Engineering has won further UK North Sea work from Fairfield Energy after cutting its rates amid the offshore industry crisis.
Oil and gas investor Riverstone Energy Limited (REL) said yesterday it was profiting from industry distress and looking forward to taking advantage of emerging opportunities driven by lower commodity prices.
Norwegian oil explorer North Energy believes mergers and acquisitions can help the firm weather the current oil market downturn as it becomes difficult to make profitable discoveries at today's crude prices, it chief executive said.
French energy firm Engie, previously GDF Suez, is putting all its oil and gas assets under review as it turns its focus on low-carbon activities.
The North Sea still holds more than half the total remaining hydrocarbon resources in the Norwegian sector of the North Sea, its petroleum authority has revealed.
Oilfield services company Expro, has secured a new framework agreement with Statoil to provide equipment for the Norwegian Continental Shelf.
Am Aberdeen MP has called on the UK government to reduce North Sea oil and gas taxation.
Statoil has made a "minor" gas discovery near the Oseberg field in the North Sea.
Scottish energy service firm Dron and Dickson (D&D) yesterday defended its decision to push for a second round of pay cuts in less than a year for its offshore workers. D&D, a specialist in the design, supply and maintenance of hazardous-area electrical equipment, blamed the move on the oil and gas price rout and said it hoped pay cuts would prevent job losses. Union bosses said they would try to convince the firm to drop its proposals, which were labelled “disgusting” by staff members.
Taqa has confirmed production has recommenced on its Harding platform which was shut down following a gas leak at the weekend.
Industry body Decom North Sea (DNS) has appointed a new vice-chair to its board of directors.
North Sea oil and gas production will collapse as early as 2020 unless the basin sees greater investment, an industry expert has warned.
Production is expected to recommence later today on TAQA's Harding platform which was shut down following a gas leak at the weekend.
Waste management specialist Augean, has acquired a new site to support its North Sea Services business (ANSS).