Weatherford closes deal to sell drilling rigs in North Africa
Struggling oilfield service company Weatherford International has closed on the third of four deals to sell its drilling rigs in the Middle East and North Africa.
Struggling oilfield service company Weatherford International has closed on the third of four deals to sell its drilling rigs in the Middle East and North Africa.
An Aberdeenshire subsea company has lost an appeal against a £980,000 lawsuit.
A Petrofac boss claimed “this year will be better than last year” for the company after it posted bumper profits yesterday.
Anglo-Dutch energy giant Shell said today that it faced criminal charges over the purchase of a Nigerian oilfield in 2011.
BP has handed TechnipFMC the contract for the floating production storage and offloading (FPSO) unit for its Greater Tortue Ahmeyim on the maritime border of Mauritania and Senegal.
A cycle of “renewed growth” has been forecasted for the North Sea as new projects drive up production levels.
US major ExxonMobil has made a huge gas find off the coast of Cyprus, which is being touted as one of “the biggest discoveries of the year”.
Right from the start of London’s biggest gathering of oil traders and producers, uncomfortable truths began to intrude upon the usual round of business meetings and cocktail parties.
Italian oil firm Eni has reportedly joined forces with Norwegian private-equity fund HitecVision to table a bid for ConocoPhillips' North Sea portfolio.
Several high-profile speakers have been announced for the launch of a major industry report next month.
Oil service firm Hunting said yesterday that its return to the black in 2018 was driven by US onshore drilling activity.
The captain of a Russian oil tanker which was detained in the UK last year over safety concerns has avoided the ship being seized.
The Scottish Government should undertake an impact assessment before any decommissioning work is proposed at Hunterston, according to a Scottish Green MSP.
Norwegian energy giant Equinor has claimed it did strong business with the local supply chain in 2018.
Germany is preparing one of its biggest sustained increases in natural gas consumption in almost two decades, regardless of U.S. admonitions that it shouldn’t draw so much of its energy from Russia.
Diamond Offshore Drilling Inc. said it’s nearly doubling rental rates for deepwater drillships as oil explorers return to sea.
A huge project to rejuvenate a vital North Sea pipeline system will deliver a jobs boost for the north-east.
UK energy service giant Petrofac more than doubled its profits last year despite taking a hit on the sale of its stake in the Greater Stella Area.
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
Production from new UK North Sea fields helped drive up profits at US oil firm Apache last year.
Pre-tax profits dropped by 60% to £160 million at energy service firm Subsea 7 last year.
The first 6,000tonne concrete "foundation" for Aberdeen Harbour's £350m expansion has arrived from Cromarty Firth.
Oil giant Shell has agreed a deal to acquire an energy generation trader as part of its low carbon transition.
An operation has started to raise a Norwegian naval frigate which sank following a collision with an oil tanker last year.
The president of a Miami-based company and its former sales representative were arrested Monday for their alleged roles to unlawfully obtain business advantages through bribery and kickbacks from Venezuela's state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA).