More exploration well disappointment for Faroe, but sidetrack shows promise
Faroe Petroleum revealed today that its Brasse East exploration well in the Norwegian North Sea had not hit oil.
Faroe Petroleum revealed today that its Brasse East exploration well in the Norwegian North Sea had not hit oil.
New ways of maintaining ageing oil and gas assets have helped Global Energy Group achieve a rise in profits, chairman Roy MacGregor has said.
Terrorism, falling oil prices and the effect on tourism were among the forecast impacts on Scotland of the Iraq War discussed by Scottish ministers, newly-released official papers show.
Theresa May pledged to take further action to prevent consumers being "overcharged" by big business as a price cap on gas and electricity for millions of homeowners came into force.
More than 20 north-east jobs have been saved after oil and gas industry supplier Paradigm Flow Services (PFS) was rescued from administration by its parent.
Drilling has got under way on the Rowallan exploration well in the central North Sea, project partners said today.
Hague and London Oil (Halo) said today that it had received regulatory consent for its acquisition of Third Energy Offshore.
A North Sea oil and gas industry stalwart who hails from Aberdeen was recognised in the New Year Honours List.
Forum Subsea Technologies has created a new remotely-operated vehicle (ROV) designed to drive cost efficiencies for North Sea operators.
The US added three active oil and gas rigs last week, even though U.S. oil prices have slid to about $45 per barrel.
Aberdeen-based Aiken Group secured contracts worth more than £700,000 for its offshore cabin modules arm in the last month.
As we come towards the end of the year, it’s always a good time to pause and reflect on the last 12 months and set our sights on the year ahead.
Hedge funds are keeping their cool in the most tumultuous end of the year for oil since the 2008 financial crisis, betting on better days ahead.
A fledgling subsea inspection firm has hailed a “fantastic” 2018 after increasing its turnover thirty-four times.
Offshore services firm Transocean has announced it has signed a rig and drilling deal with Chervon totalling more than £650 million.
Energy giant Equinor has completed the sales of two "non-core" Norwegian North Sea discoveries.
Lamprell has received a letter of intent for the construction and delivery of two jackup drilling units.
Oil continued on its rollercoaster ride, with volatility soaring on uncertainty over OPEC and American supply, a trade war between the U.S. and China and the Federal Reserve’s monetary policy.
The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country, have suddenly united around a common theme: the century-old dispute with Guyana.
Bosses at Faroe Petroleum have ordered an independent valuation of the oil firm's assets as they seek to fend off a hostile takeover attempt.
An explosion at an electrical substation in Astoria, New York City, illuminated the skyline with a bright blue light and cut off power to LaGuardia airport, causing flights to be diverted or delayed.
Secret files have revealed how senior government figures were “vigorously opposed” to the landmark relocation of dozens of civil servants to Aberdeen in the 1990s.
UK Government ministers knew that a controversial tax change in 1993 would “undoubtedly depress” exploration in the North Sea.
A Norwegian yard owner and a Dutch heavy lift crane vessel operator have signed the contract to decommission a UK North Sea platform.
Oil giant Shell today announced that it had finished offloading shares in its New Zealand business to Austrian oil company OMV.