Updated: US extends sanctions waiver on Rhum field
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field.
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field.
Husky Energy Inc. made a C$3.3 billion ($2.6 billion) hostile bid for MEG Energy Corp., setting up a battle between the Canadian oil company linked to Hong Kong billionaire Li Ka-shing’s family and Chinese energy giant Cnooc Ltd., a major investor in the targeted oil-sands producer.
Oil in London extended gains after the longest quarterly rally in a decade as a slowdown in American drilling added to supply risks while the U.S. and Saudi Arabia discussed market stability.
Oil and Gas UK (OGUK) has set up its own team of decommissioning experts in a move which highlights the changing face of the North Sea energy industry.
Pipeline and terminal owner CATS Management (CML) is on the lookout for the next opportunity to kick-start a North Sea project.
Senior oil and gas industry figures say the sector needs to find its place as the energy transition gathers momentum.
Dundee’s bid to become a centre for large-scale oil and gas decommissioning projects was rejected because the approach to the port is “too shallow”.
A North Sea oil company managed to save £61 million in one year by improving communication between onshore and offshore teams to cut unplanned downtime.
Royal Dutch Shell Plc and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada -- the largest new one of its kind in years that would carve out the fastest route to Asia for North American gas.
International energy logistics company Peterson Offshore Group has reported a 5% increase in headcount and a big jump in revenue.
Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy.
Norway has approved Wintershall's plan for developing and operating the Nova field, 75 miles north-west of Bergen.
The Scottish Environmental Protection Agency (Sepa) has issued Ineos with a final warning letter for flaring at its Kinneil Terminal site.
UK Continental Shelf
Texas lost two drilling rigs over the last week, both in the high-producing Permian Basin oil field of West Texas.
Shell's Brazilian arm has announced a £300 million addition to its acreage in the deep-water Saturno pre-salt block with Chevron as partner.
Oil producer Neptune Energy said today that it had completed the acquisition of VNG Norge.
German oil firms Wintershall and Dea confirmed they will merge today after signing a 'definitive transaction agreement'.
Offshore drilling firm Seadrill's financial results for the first six months of 2018 has seen the firm pull back from the heavy losses at the end of last year.
US oil firm Apache Corporation has become the latest company to scrap unpopular, three-week rotas in the UK North Sea.
Oil major Total hopes a new well on its Laggan field will help it crack “compartmentalisation” issues on a reservoir which came off plateau about a year after first gas.
A senior lecturer at Aberdeen University has argued $100 oil “cannot be ruled out” as Brent’s price surge continues.
A new pipeline to bypass recurring wax blockage issues at a North Sea gas field is due to be operational this week.
Serica Energy said today that it expects to complete two North Sea acquisitions on November 1.
Corallian Energy has booked the Ensco-72 jack-up drilling rig for its Wick and Colter wells.