Exclusive: Proserv launches two new divisions following debt restructuring deal
Proserv has “restructured the business for growth” with the launch of two separate divisions after agreeing a deal to wipe out its debt last year.
Proserv has “restructured the business for growth” with the launch of two separate divisions after agreeing a deal to wipe out its debt last year.
Chrysaor has announced the completion of its mammoth £2billion purchase of ConocoPhillips’ North Sea assets.
Energy service firm Subsea 7 has clinched two contracts with BP for the Azeri Central East (ACE) project in the Caspian Sea.
Oil edged higher after its biggest quarterly drop this year as investors weighed Saudi Arabia’s quick recovery from attacks last month against a resumption in U.S.-China trade negotiations next week.
It was supposed to be BP’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil.
Losses and downtime from Nigeria’s OML 18 have reached 32% of production, San Leon Energy has reported in its half-year results.
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
A collection of supercars that had been owned by Equatoguinean Vice President Teodorin Nguema Obiang has been sold at auction in Geneva.
British oil major BP is drilling under a new name in Texas and Louisiana.
Credit rating agency Fitch has downgraded Saudi Arabia over the increase in diplomatic and military tensions in the region after the kingdom's biggest oil processing facility was attacked.
Iran has said this month's missile-and-drone attack by Yemen's rebels on major Saudi oil sites was an act of "legitimate defence" by the Iran-allied Houthis.
Rig operator Valaris has been chosen to carry out the drilling contract for Neptune Energy’s Seagull project in the UK North Sea.
Total has closed its purchase of Anadarko Petroleum’s 26.5% stake in the Mozambique LNG project.
Asco Group’s boss is confident the oil and gas service firm is “going in the right direction” and has predicted a marked improvement in its financial performance this year.
Continued stability in the global oil and gas industry is expected to deliver a record £57.7 billion in dividend payments for investors next year.
Losses at i3 Energy widened in the first half of 2019 as the company prepared to drill three wells in the North Sea.
Global subsea equipment specialist Ashtead Technology is still on the acquisition trail after a flurry of deals since it changed hands three years ago.
Shell has started publishing quarterly updates, in addition to its quarterly results, in response to demand from investors.
Offshore training firm Survivex has launched a new course which aims to tackle the “deadly legacy” of asbestos.
A network dedicated to increasing the number of women in the UK energy industry has warned that digitalisation is not a guaranteed “gender balance magic wand”.
Spirit Energy has been granted approval to decommission two normally unmanned platforms at the South Morecambe field in the East Irish Sea.
BP chief executive Bob Dudley, who took the helm after the 2010 Deepwater Horizon oil spill crisis and has led the energy giant for almost a decade, is preparing to leave the company within a year, according to a Sky News report.
A British-flagged oil tanker held by Iran for more than two months has been released by Tehran.
London-listed Solo Oil is cutting assets it no longer sees a future in and shaking up its personnel, in part of its drive to become a mid-cap exploration and production company.
Eni’s CEO Claudio Descalzi is under investigation over a potential conflict of interest in Congo Brazzaville.