Statoil switches focus to cash after 2013 earnings drop
Norwegian oil giant Statoil is to drop its 2020 production targets and slash investment plans as it looks to increase cash and shareholders.
Norwegian oil giant Statoil is to drop its 2020 production targets and slash investment plans as it looks to increase cash and shareholders.
Brazilian oil operations still have much to learn from their North Sea counterparts in maintaining projects, a leading oil figure from the country believes.
The arrival of a revolutionary new pipe laying vessel into the North Sea this spring could be a ‘game changer’ for the way ships are used across the region.
Trinity has come up dry with its El Dorado exploration well offshore the west coast of Trinidad.
North Sea storms have continued to plague the troubled Rochelle field after production start-up was delayed agin.
Get the latest news, videos, images and interviews from this year's Subsea Expo at the AECC
Oilfield troubleshooter Maxoil Solutions has joined forces with a Malaysian engineering firm to help drive its business in the Far East.
Exclusive: Oil giant Shell has been sanctioned by safety chiefs after corrosion on one of its oldest North Sea platforms led to a gas leak.
Offshore engineering firm Maritime Developments has landed a clutch of contracts for Subsea 7 as part of the company’s work off the coast of Brazil.
South America-focused exploration firm President Energy has raised £30.7million through the placing of shares to fund its exploration programme in Paraguay.
Innovative wave power technology being pioneered by the US Navy in the fight against drugs has the potential to remove the need for diesel-powered generators in the North Sea.
East Africa is a region of great potential for north-east energy companies as the drive for liquified natural gas production intensifies, according to the UK Government's trade body.
North Sea operator Premier Oil is closing in on two major developments after confirming it planned to submit its proposals to develop the Catcher field next week.
Aberdeen-based Faroe Petroleum says the beleaguered Njord field, which has been shut down since July last year, will not start producing again until summer 2014.
Fastnet Oil & Gas has extended its licences at the Irish Mizzen and Molly Malone fields.
The oil firm behind plans to redevelop a previously uneconomic North Sea field with revolutionary new technology says it is eyeing new fields for the system in the latest licensing round.
Get the latest news, videos, images and interviews from this year's Subsea Expo at the AECC
The Liberal Democrats’ former Scottish leader has claimed independence would threaten Aberdeen’s position as the oil capital of Europe.
A leading figure in the North Sea energy sector yesterday echoed concerns over Scottish independence voiced by the chief executive of oil and gas giant BP.
A renewables' cabling company is looking to strike gold with a comeback into the oil and gas subsea market.
Norwegian venture capital firm Ferd Capital has taken a controlling stake in well-intervention company Interwell.
Oil and gas solutions group Bibby Offshore has landed top honours at this year's Subsea Awards after a year of growth.
Offshore industry bosses have pleaded with oil and gas firms to stop poaching each other’s staff amid a culture of spiralling wages and a deepening skills crisis.
Onshore shale oil production has the potential to lure investment away from offshore, according to the chief of a leading financial firm.
Global energy giant GE Oil & Gas is creating 20 new jobs at its north-east subsea base following £4m investment in the business.