Sirius Petroleum has raised a total of £1,035,000 to help fund exploration opportunities in Nigeria.
Europa Oil and Gas will retain 100% of its field exploration licences offshore Ireland, after its partner Kosmos Energy pulled out.
Antrim Energy, the Canadian oil and gas explorer has lost its majority partner in the frontier exploration licence (FEL) off Ireland's west coast.
Oil halted a surge above $46 as investors weighed Iran’s progress toward raising output amid a market glut against signs of reduced U.S. supplies.
Fewer than half of MPs believe the UK Government should keep looking for ways to boost the oil and gas industry and protect North Sea jobs, a survey has found.
Even the dead aren’t immune to oil price shocks.
An Aberdeen oil and gas consultancy has said it has won £6million of new business this year despite being hit by the collapse of its owners into administration.
Statoil said today it had appointed Wood Group of Aberdeen to provide four-year operations, maintenance and modifications services in the Peregrino development offshore of Brazil.
Hungarian oil and gas firm MOL Group said today its executive vice-president of exploration and production, Alex Dodds, was quitting his role for personal reasons.
Total is to sell a 10% interest in the Fort Hills oil sands mining project to operating partner Suncor Energy for $230million.
ShaMaran Petroleum is to contest a default notice from TAQA following a dispute over payments for an operating agreement in Iraq.
The salaries of some workers at an oil firm have increased after a review into their pay.
Shale gas focused Greka Drilling has reported a pretax loss in the first half of 2015, but said its key markets in China and India were planning new drilling campaigns in the near future.
UK subsea companies will be heading a trade mission to Mexico to match British expertise with the requirements of the country's emerging oil and gas sector.
Bilfinger is thought to be on the verge of issuing another round of redundancies notices, putting 200 jobs at risk.
Denmark is preparing what may become the biggest initial public offering in the nation’s history as it sets a road map for the sale of state utility Dong Energy.
Aberdeen Harbour saw both its passenger numbers and oil and gas related tonnage rise amid dipped market conditions.
Union Jack Oil has completed its acquisition of a 10% stake in the Keddington oil field, onshore UK.
Nostra Terra and Independent Resources have agreed to pool resources for a joint venture to pursue new projects in North Africa.
Amec Foster Wheeler has won a £36million contract for BP’s ETAP project.
New research ordered by a North Sea industry pioneer says the development of a fully-fledged industry that taps underground coal reserves could generate £13billion and 12,000 jobs for the UK economy. And the study claims Scotland would stand to retain almost half of these spoils. The independent report was commissioned by Cluff Natural Resources (CNR), whose chairman, Algy Cluff, was involved in the discovery of the Buchan field nearly 40 years ago. London-listed CNR plans to create the UK’s first Underground Coal Gasification (UCG) project.
Aberdeen was the worst performer in Scotland for staff appointments in August, a new report showed.
About $1.5trillion of potential investment in new oil projects isn’t viable with crude prices at $50 a barrel, highlighting the need to reduce costs, according to consultant Wood Mackenzie Ltd.
Hedge funds slashed their bets on falling oil prices, leaving them the most bullish in two months as OPEC called for a return to $80 crude. Money managers’ net-long position in West Texas Intermediate rose by 14,821 contracts to 147,678 futures and options in the week ended Sept. 15, according to data from the Commodity Futures Trading Commission. That’s the highest level since July 7. The Organization of Petroleum Exporting Countries expects crude prices to rise to $80 by 2020 as output falls elsewhere. U.S. production could sink by the most in 27 years in 2016 as the price rout extends a slump in drilling. Speculators closed out short positions two days before the Federal Reserve decided not to raise key U.S. interest rates.
Oil giant Chevron has said it will pay its fair share of tax in Australia, after a report accused it of tax avoidance on its largest global project – the Gorgon LNG project.