Faroe agrees deal with Eni for stake in Blane
Faroe Petroleum said yesterday it would pay £60million and farm out a 20% interest in three Atlantic Margin exploration licences to acquire an 18% interest in the Blane oil field.
Faroe Petroleum said yesterday it would pay £60million and farm out a 20% interest in three Atlantic Margin exploration licences to acquire an 18% interest in the Blane oil field.
Xcite Energy saw its shares jump yesterday after saying it had found more oil than expected on the Bentley field south-east of Shetland.
Research into global oil and gas safety and competency standards has found that the industry still has safety challenges.
Aker Solutions said yesterday it was nearing the end of a comprehensive strategy process and had started to introduce changes in direction, structure and management.
Energy major BP has named Trevor Garlick as the man to lead its operations in the North Sea, promoting him from acting managing director for the area to regional president.
CB RICHARD Ellis, the commercial-property agent, has just published its latest global energy cities report.
Aberdeen oil and gas operator Dana Petroleum said yesterday chief executive Tom Cross had resigned and would leave the company on Monday, November 8.
A Canadian oil and gas company announced "significant upward revisions" yesterday of estimated resources in its operated Cladhan oil field north-east of Shetland.
BP'S NEW chief executive has said safety is so important to the company that it will be the only measure for staff bonuses in the final quarter of this year.
Work is starting on a £3million upgrade to the Arnish yard at Stornoway to cope with demand for offshore renewables.
PLEXUS Holdings, an Aberdeen-based oil and gas engineering service business, said yesterday there was increasing industry awareness of the benefits of its proprietary POS-GRIP wellhead equipment following events in the Gulf of Mexico.
Centrica confirmed yesterday it was moving to slim down its North Sea portfolio following the £1.3billion deal to take over Aberdeen-based Venture Production last year.
VENTURE-CAPITAL group Energy Ventures has invested £3.2million to take a minority stake in 3D seismic-data specialist Foster Findlay Associates (FFA).
Rockhopper Exploration, an oil and gas explorer focused 100% on the South Atlantic, yesterday said it planned to raise £200million to carry on its work off the Falkland Islands.
Subsea UK chief executive Alistair Birnie will be urging business and governments to learn lessons from oil and gas when tackling new energy challenges at a European event on Wednesday.
DOWNHOLE monitoring specialist Zenith Oilfield Technology is going from strength to strength by securing more contracts and seven new well trials.
Desire Petroleum saw its shares dive yesterday after it said an exploration well on the Rachel prospect was dry.
Oil company ConocoPhillips plans to bring the Jasmine discovery in the central North Sea into production in the next couple of years.
Aberdeen-based First Oil said yesterday it had another successful year in the 12 months to the end of April.
Aberdeen-based international drilling and engineering contractor KCA Deutag has started work in Iraq.
TOTAL Waste Management Alliance (TWMA) said yesterday it had been awarded drilling-waste management contracts by BP worth about £4million.
Offshore drilling on the UK continental shelf (UKCS) fell by 20% during the third quarter of 2010 compared with a year earlier.
ITS Group continued its international expansion with its first acquisition in Colombia in South America.
Scottish oil service company Reel Group is expanding into India to take advantage of opportunities offered by its growing offshore-drilling market.
A SCOTTISH training alliance hosted a mission from South Africa in Aberdeen yesterday.