Abu Dhabi is planning to put as much as $1.5 billion into Saudi Aramco’s initial public offering, as the oil giant taps friendly neighbors to prop up a deal that’s so far failed to draw foreign investors, people with knowledge of the matter said.
The predicted cost of decommissioning the UK’s offshore wind farms has already risen to about £4 billion, the audience heard at a conference in St Andrews yesterday.
Drilling contractor Valaris has announced a number of North Sea contract extensions among a clutch of global deals.
Odfjell Drilling's offshore workforce has accepted a new pay deal, according to trade union Unite.
The rise of specialist decommissioning firms could give the UK the edge in a global oilfield dismantling market worth £67 billion over the next decade, a new report said.
Learning how to decommission oilfields without demolishing the UK oil and gas industry’s net-zero pledge is the “next big step”, a new report said.
A new North Sea exportation and production (E&P) firm created by the former boss of Faroe Petroleum has announced its "success" in raising a £10 million war chest.
Oilfield service firm Coretrax has accelerated its expansion drive with the acquisition of Churchill Drilling Tools, of Aberdeen.
Independent Oil and Gas (IOG) has announced two changes to its top management team.
Companies are decommissioning more efficiently in the UK continental shelf (UKCS), allowing them to carry out more work for the same amount of investment.
Based on the current approach the answer is no. Throw in a deferred budget and an election to make it extra interesting and confusing.
Vessel operator Swire Pacific Offshore (SPO) has confirmed that a supply ship operating in Equatorial Guinea has been attacked, with seven of the vessels staff now "missing".
Oil and gas giant Shell has been accused by Greenpeace of attempting to ban the climate activist group from further North Sea protests.
Sudan has undergone a tumultuous 10 years, from the loss of much of its oil production with the breaking away of South Sudan, to the recent and dramatic change of government.
As global decommissioning costs continue to rise, mounting obligations provide little let up for offshore operators. E&P companies increasingly plan for decommissioning throughout the full life-cycle as efforts to de-silo decommissioning and operations departments continue for many. Within this scope, asset optimisation harbours renewed potential to unlock savings both pre and post CoP.
The number of active drilling rigs in the United States dipped just ahead of the holidays, a time when exploration and production companies traditionally start to wind down activity.
General Electric (GE) hired Carolina Dybeck Happe as its next chief financial officer, giving top boss Larry Culp a new partner to help tackle one of the trickiest turnaround efforts in corporate America.
Qatar Petroleum (QP) intends to produce 126 million tonnes per year of LNG by 2027, from its current level of 77mn tpy.
The European Bank for Reconstruction and Development (EBRD) is providing a $50 million to upgrade an oil refinery held by Suez Oil Processing Co. (SOPC).
Egypt and Israel have signed a natural gas supply deal at the Investment for Africa Forum, with the US government stepping in to provide insurance on the agreement.
Aberdeen-headquartered energy services firm EnerMech has announced the appointment of a new chief executive officer (CEO).
Cluff Natural Resources (CLNR) said today that it had submitted "multiple" applications for licences in the central and southern North Sea in the 32nd bidding round.
Plans to redevelop an Orcadian port have been dealt a major blow after the Ministry of Defence (MoD) rejected calls for help with a decades-old navy oil spill.
A former Petroleo Brasileiro SA oil trader who went by the code name “Phil Collins” told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show.
New projects will raise production at private-equity-backed Neptune Energy by 110,000 barrels of oil equivalent (boe) per day in the next two years.