Frank’s reports losses of £50m as margins ‘ebb and flow’
Losses at oil field service firm Frank's International narrowed slightly to £48.4 million as shorter contracts led to "ebbs and flows" in its margins.
Losses at oil field service firm Frank's International narrowed slightly to £48.4 million as shorter contracts led to "ebbs and flows" in its margins.
Aberdeen energy service firm Sparrows Group has secured a commercial registration to operate in Saudi Arabia.
Since late 2016, the Organization of Petroleum Exporting Countries and other nations, including Russia, Kazakhstan and Mexico, have managed the oil market, giving birth to a group popularly known as OPEC+.
Shell's Coeus well in the Norwegian Sea is dry.
Savannah Petroleum has signed a memorandum of understanding (MOU) with Niger relating to an early production scheme (EPS) in the Agadem Rift Basin
A US oil field services giant has moved more than 400 employees into a building in Dyce following a £3 million refurbishment.
Faroe Petroleum said today that work carried out on oil fields in the first half of 2018 will stand the company in good stead, despite a short term drop in production.
The firm behind waste-management specialist Taylors Industrial Services enjoyed a significant rise in profits last year after recovering from a property revaluation hit.
An Aberdeen-based oil field technology firm has re-entered the Canadian market after being buoyed by a recent investment.
Aberdeen oil field technology firm Plexus has clinched an order to supply and rent its POS-SET Connector to Oceaneering in Norway.
With offshore wind in sight of its Holy Grail, and oil companies experiencing a renaissance, the North Sea is primed for a badly needed investment boost.
Oil service giant Baker Hughes GE (BHGE) has said its new £31million centre of excellence at Montrose will help maintain a “knowledge bank” in the north-east at a time when the threat of skills shortages is growing.
At a time when the UK North Sea is crying out for new exploration, investment firm Reabold Resources believes it has found a fresh approach that can get drill bits spinning again.
The Trump administration committee that helps set royalty payments for coal, oil and gas extracted from public lands is stacked with industry insiders who stand to directly benefit from lower payments to the public, a U.S. environmental group said in a lawsuit.
After decades of difficulties in Nigeria over crude theft, pollution and oil-related corruption, Royal Dutch Shell Plc still feels optimistic a fossil fuel can improve life in the country.
McDermott International has won a contract to install umbilicals and flowlines at the Shell's Perdido development in the Gulf of Mexico.
Westwood Global Energy reports that at the end of July there were three wells active on the UKCS, with two in the West of Shetlands and one in the Central North Sea. Two wells have completed to date in 2018.
Oil prices were trading higher on Tuesday amid expectations that US sanctions on major exporter Iran will tighten global supply.
Rosneft PJSC posted record cash flow in the second quarter as Russian oil companies hit a sweet spot of rising crude prices and a weakening ruble.
The manifold for Hurricane Energy’s huge Lancaster development is now on its way to the field.
COSL has signed a deal with Nexen for a drilling campaign on its Buzzard Phase 2 development.
Creativity and innovation don’t come as easily to North Sea oil as they do with other industries, but BP’s regional president wants to change that.
Oil firm Nexen Petroleum UK has said its partners have given it the nod to extend the life of the North Sea’s biggest producing field.
The Oil and Gas Authority (OGA) has unveiled its latest initiatives to boost exploration activity in the North Sea.
The UK Government has approved Shell's plans to remove the topsides for the iconic Brent Alpha, Bravo and Charlie platforms in the North Sea.