The North Sea will soon produce an extra 45,000 barrels of oil a day after start-up on the £700million Kinnoull field, BP chief executive Bob Dudley has announced.
Oil and gas companies are predicting an 18% drop in investments in Norway next year, a bigger decline than factored in by the central bank in June and adding to pressure on interest rates.
An Aberdeenshire-based marine equipment specialist has exceeded its turnover target less than a year after setting-up its Norwegian base.
The Scottish independence campaign has received “a body blow” with new figures showing tax receipts from North Sea oil and gas have dropped by almost a fifth, Treasury Secretary Danny Alexander said.
UK oil and gas production is on track this year to be the best year in more than a decade despite a fall in North Sea output in the three months to June compared to the prior quarter.
It’s only natural to become caught up in your own affairs and put national interests first. But, we must endeavour to keep a European perspective and also an international perspective. This year’s ONS shows we’re not adverse to global workforce sharing. Many delegates are men and women who are already working or becoming fully-fledged energy ex-pats in the likes of Houston, Singapore, Dubai or Perth. I’d like to see the same adventurous spirit closer to home.
The North Sea is of critical importance to Europe’s energy security and transition and must be nurtured, the head of exploration of German petroleum company Wintershall has warned.
A new oil junior, Origo Exploration, has been launched in Stavanger to target opportunities in the Norwegian and UK sectors of the North West Europe Continental Shelf.
Independence supporters have welcomed claims by an Aberdeen University oil expert that the North Sea could be poised for a second major boom.
Trade body Energy North is to host a match-making event in Aberdeen next week in a move to fill skills and supply chain gaps by facilitating partnerships between businesses in the Highlands and Islands and north east.
Scottish software firm Asset Guardian Solutions (AGSL) has won a contract with BP to support the British major's Clair Ridge project in the North Sea.
Crucial issues affecting the North Sea will be examined at this year's ONS.
Spanish oil and gas company Repsol is weighing up a takeover of Canada's Talisman Energy.
A North Sea gas development that was put on hold last year is back on after operator Total slashed costs to "an acceptable level".
Offshore engineering firm Aquaterra Energy has secured a four-year exclusive frame agreement with Dong Energy for the £1.3billion Hejre development in the Danish North Sea.
Downhole isolation firm Meta has helped a North Sea project triple its output.
Dana Petroleum has marked a safety milestone with the launch of its floating production storage offloading vessel for the Western Isles project.
Risk managers DNV GL are to provide third-party competency services for the massive Mariner North Sea project after agreeing a multi-million pound deal.