DONG Energy to axe 400 jobs after seeing profits drop
Danish oil firm DONG Energy is to cut up to 400 jobs this year as part of a £34million cost-saving programme.
Danish oil firm DONG Energy is to cut up to 400 jobs this year as part of a £34million cost-saving programme.
Lundin Petroleum has come up dry after drilling a wildcat well on the Biotitt prospect.
Cairn Energy is to sell its stake in the Mariner oil field as part of a series of asset exchanges announced by the oil group this morning.
SNP ministers have been accused of trying to hide an “error” in a major document which inflated Scottish oil and gas jobs figures.
Brent crude is continuing to trade above $110 a barrel amid continuing unrest in the Middle East, and there are now fears tensions between the west and Iran could inflate it further.
Rosneft is to spend $50million on testing and exploration work in the Kara Sea north of Siberia.
Indonesia has suspended oil, gas and condensate tenders after the chairman of the country's energy regulator was caught taking a bribe last week, according to reports from the country today.
Total has struck a significant oil find after drilling a wildcat well off the coast of Gabon.
Norwegian oil giant Statoil is to sell off its stakes in the Shiehallion and Rosebank North Sea fields as part of a deal worth at least $2.65billion.
Abu Dhabi investment group Mubadala is to go ahead with development of a new oil field in the Gulf of Thailand.
Dutch offshore specialist Venko are to open their first base in the UK.
Exploration firm JKX says it has begun the final stages of its Ukrainian operation after overcoming problems with the frac process.
Australian oil and gas firm Senex has secured a 15-year deal for a 10,000 sq km area in the Cooper-Eromanga basin.
The first oil flows from the Ruvuma Basin well in Tanzania has been delivering promising results, operator Solo Oil has revealed.
Oil and gas geoscience specialists TGS has begin 2D scanning of north-east Greenland ahead of the next round of licencing next year.
British engineer Amec is reportedly eyeing an £800million bid for engineering and construction firm Kentz.
Petrobras is to sell off more than $2billion of assets as it looks to dispose of its non-core interests.
Statoil has made a gas find at the Smørbukk North prospect in the Norwegian North Sea's Asgard field.
San Leon Energy has signed a deal to gain exclusive rights to a major shale block in Morocco.
ConocoPhillips has sold off its Trinidad and Tobago gas operation in a $600million deal.
An Aberdeen training and consultancy firm has won half a million pounds of work with oil major BP.
Plans to build new North Sea headquarters for EnQuest have been backed by council planners.
Exclusive: Aberdeen is to lead a drilling revolution which could save oil companies billions of pounds and turn marginal North Sea fields into money-spinners.
Thai national oil firm PTTEP says it has successfully found gas in its appraisal wells off Myanmar.
Libya has warned striking port workers it is prepared to deploy troops should they try to sell oil independently - after losing more than $1.5billion in less than a month.