Freeport LNG has reached a deal to raise $1.025 billion from Westbourne Capital and its partners. The cash will go to supporting a fourth train at the plant. A commissioning cargo from Freeport LNG’s Train 1 was exported on September 3. The announcement comes as Cheniere Energy Partners has increased the size of a notes offering to $1.5bn, from the proposed $1bn.
A subsea conference set to take place in Aberdeen next week has said it will have a focus on the latest developments in the "evolving" underwater robotics technology.
The number of operating drilling rigs in the United States fell below 900 this week for the first time since 2017 as oilfield activity continues to slow and crude prices remain in a sort of purgatory between $50 and $60 per barrel.
Scottish operator Cairn Energy has come out of the red and into the black after a surge in profit for the first half of 2019.
Aberdeen-based deepwater engineering firm Subsea 7 has announced a "large" contract with Saudi Aramco at its Marjan Increment project as the company's chief executive announced he would step down.
The North Sea is producing more commercial innovations than any other part of the world, according to a boss at Baker Hughes GE (BHGE).
CNOOC has confirmed that it has started drilling at the Howick prospect west of Shetland.
Neptune Energy has announced the export of first gas from the Touat development in Algeria.
An air ambulance charity’s second life-saving helicopter will take off from Aberdeen airport early next year.
BP is progressing towards a final investment decision (FID) for the redevelopment of a field in the central North Sea.
Aberdeen-headquartered STC Global has reported 80% company growth this year, with a turnover of £1.8 million.
A new initiative has been launched to propel the process of using unmanned aircraft to inspect North Sea platforms.
UAE-headquartered Unique Group has expanded its Aberdeen base by 50% as part of a multi-million pound investment programme.
Hurricane Energy has confirmed it has struck oil at its Lincoln Crestal well in the West of Shetland.
The design for the Cambo field, west of Shetland, will take some of the sting out of a problem that has “held back” production from the area for decades, an oil company chief said.
Heerema’s Sleipnir vessel broke a world record over the weekend, completing a lift of 15,300 tonnes.
Airbus has said it expects the Super Puma helicopter to fly “for decades to come” despite being shunned by the North Sea oil industry.
Equinor has pledged to clear up an oil spill in the Bahamas left in the wake of Hurricane Dorian.
Exxon Mobil is reportedly finalizing the sale of its Norwegian North Sea assets to a Norway firm backed by Italy's Eni and private equity funding for about $4 billion (£3.2bn), according to Reuters and Norwegian media.
As a mixed energy centre, the southern North Sea (SNS) is probably the busiest, most resilient part of the UK Continental Shelf.
A US court has ruled in favour of Nigerian National Petroleum Corp. (NNPC), dismissing ExxonMobil-led claims that sought to extract $1.799 billion plus interest.
Preparations for the East African Crude Oil Pipeline (EACOP) have ground to a halt in Uganda following the termination of Tullow Oil’s farm-out talks.
Eighty-eight north and north-east jobs have been saved after industrial cleaning and environmental-waste management specialist MSIS plunged into administration and was swiftly acquired by a local rival.
Iran has released seven crew members from detained British-flagged oil tanker Stena Impero and they have flown out of Iran, according to the ship's owner.
EnQuest bosses insisted yesterday they had a “compelling” case for the Sullom Voe oil terminal in Shetland, despite fears the facility may lose a key customer.