Norway $1 trillion fund’s plan to dump big oil meets resistance
Norway’s $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.
Norway’s $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.
Norwegian energy giant Equinor's Oseberg H has received the go-ahead from the Norwegian Petroleum Directorate (NPD) for a production start-up in September.
Energy giant Equinor has today announced that it has agreed a deal with Alcatel Submarine Networks for permanent reservoir monitoring (PRM) on Johan Castberg, which will bring in Nexans as subcontractor.
Petrofac has agreed to sell off its stake in the Greater Stella Area (GSA) project in the North Sea to Ithaca for up to £228million.
Offshore union Unite and energy giant Total have announced talks to avert further North Sea strike action have today broken down.
North Sea activity won’t pick up until operators start to look at replenishing their reserves, according to KCA Deutag’s chief executive.
Employment in the North Sea industry will increase this year, according to new findings from Oil and Gas UK (OGUK), as the worst period of job losses is "behind us".
i3 Energy has secured an extension to a loan facility in order to deploy resources to “time-critical elements” of its North Sea Liberator development.
An Aberdeen-based subsea firm has bagged itself a lucrative £1.6 million global contract to provide productivity saving equipment and reduce downtime.
The UK’s weak pound has blown a £2.1 million hole in the balance sheet of north-east company Altus Intervention Limited (AIL).
Premier Oil’s boss said yesterday that any attempt to reverse North Sea tax breaks in the next Budget would damage efforts to encourage exploration.
Right before Norway’s biggest oil project in decades got the go-ahead in 2015, crude prices fell off a cliff. That turned out to be perfect timing.
Westhill-based firm JFD announced in April the development of the the Compact Bailout Rebreathing Apparatus (COBRA).
The boss of an Aberdeen-based services company has revealed it is keen to expand operations into yards on the Cromarty Firth as oil and gas activity in the area continues to pick up.
An organisation which is aimed at driving investment in Aberdeen and Aberdeenshire has released a video to promote the region, showcasing it as a global leader in oil and gas.
Aberdeen-based survey and positioning service firm iSURVEY has announced the successful completion of a project for Shell on the Scarabeo 8 North Sea semisubmersible drilling unit.
Aberdeen-headquartered KCA Deutag has narrowed its pre-tax losses by £14.5million, but said the recovery in the oil market still lacks momentum.
Oslo-listed firm Borr Drilling has reported modest losses of £5.7 million for Q2, while it holds nearly £1.5 billion in assets.
Energy services giant Wood has secured a three-year contract extension with Shell for work on its assets globally.
Offshore accommodation vessel owner Prosafe expects rates to improve amid “early signs of normalisation and market recovery” in the North Sea.
The contractor behind the harbour expansion at Nigg Bay has confirmed drilling and blasting work has started on the £350million project.
Premier Oil said today that the performance of its Catcher area in the North Sea has exceeded expectations following first oil in December.
The Treasury is unlikely to reverse North Sea tax breaks in the upcoming Budget amid industry warnings it could cause “irreversible damage”, it emerged last night.
A North Sea tax expert has warned that any move by the UK Government to extract more revenue from the oil and gas industry is likely to have devastating consequences.
Saudi Arabia has insisted it "remains committed" to a two trillion US dollar (£1.5 trillion) stock market listing of oil giant Saudi Aramco, despite reports suggesting it has been abandoned.