Norway oil investment set to peak by 2015 despite increased resource estimate
Norwegian oil investment is expected to hit a peak by 2015, with more than £17.5billion to be spend on projects across the Norwegian continental shelf next year.
Norwegian oil investment is expected to hit a peak by 2015, with more than £17.5billion to be spend on projects across the Norwegian continental shelf next year.
Tullow Oil has seen its boosted after announcing two large new finds in Kenya - as it prepares to announce strong profits growth for the year.
North Sea operator Wintershall says it is closing on plans for the Skarfjell oil find after completing the final well in its appraisal of the site.
North Sea operator Ithaca has warned it expects production levels to be down for the first quarter of the year after an unplanned shutdown on the Cook field.
One of the directors of energy watchdog Ofgem's supervising body has joined Falklands oil explorer Rockhopper.
Dubai-based oil exploration company Dragon Oil today said daily production in 2013 was up 9.1%.
New figures suggesting the number of women entering the oil and gas industry is set to rise by more than 40% have been welcomed by campaigners.
The proposed Peterhead carbon capture and storage (CCS) scheme could become a template for other companies looking to reduce negative effects of the energy industry on environment, believes the project’s development manager.
European-focused upstream firm Sound Oil is looking to up its drilling over the next two years after launching a new £1.6million fundraising offer.
North Sea operator Det norske has begun work on its first well in the Barents Sea.
Iran is looking for more than £9billion of investment in its newly discovered oil fields - as it battles to prevent corrosion in its structures.
Production has been shut down on a North Sea platform after a hole in the flare system was discovered.
Energy major Petronas says it could spend more than £8billion in a bid to unlock millions of extra barrels from Malaysia's oil fields.
Leading energy services company Senergy is having to move into bigger offices in London and Jakarta due to soaring demand.
US oil giant Chevron has confirmed it will go ahead with the Alder North Sea development after getting approval from the Government to proceed.
Newcomer Petroleum Equity has made its first investment in a surprise $133million (£81million) deal for the North Sea operations of a struggling firm.
BP has been dealt a new blow in its ongoing battle over compensation payouts from the Deepwater Horizon disaster after judges in the US threw out a claim some payments were 'fictitious'.
Oil and gas exploration company Sterling Energy is set to identify locations for its first wells in Madagascar as it completes part of its testing programme.
Oil and gas group Nordic Energy has launched a bid to expand the company's presence in the North Sea after making a move for eight new blocks in the region.
The boss of Petrofac's integrated energy services business is to leave the services firm next month to take over at US frontier explorers Kosmos.
Councils that give the green-light to ’fracking’ projects will be allowed to keep millions of pounds more in tax revenue, David Cameron has announced.
A host of north-east companies are in the running for this year’s Offshore Achievement Awards.
French oil and gas major Total has started the charge towards investment into UK shale gas developments after agreeing to spend more than £28million on two licences in England.
Aberdeen-based oil and gas engineering consultancy PD&MS Energy is expanding following its third major contract with BP in the past twelve months.
Africa-focused Tullow Oil surged to the top of the FTSE 100 risers board amid speculation that the exploration firm could be a bid target for Norway’s Statoil.