Norwegian Energy Company ASA (Noreco) today confirmed it was forced to exit the North Sea’s Huntington field, after its licence partners served up a final notice.
Premier Oil’s re-drill has confirmed its oil find in the North Falkland basin.
Total is zeroing in on first gas from its flagship Laggan-Tormore project.
In 2013, the oil & gas market segment was forecast to account for nearly 30% of the new helicopters market over the five years to 2018.
Noble Group Ltd. Chairman Richard Elman stepped up his defense of the commodity trader that he founded by boosting his stake after the stock sank to the lowest since 2008, the company’s credit rating was cut to junk and analysts scaled back price targets.
A leading oil and gas expert said an Initial Public Offering (IPO) by Saudi Aramco could potentially be the largest on record.
Scaffolding was left precariously dangling from Shell's Brent Delta after storm weather battered the platform.
Ian Suttie has reportedly placed his flagship First Oil up for sale as declining oil prices batter the sector’s financial books.
Prosafe confirmed it has secured its stranded accommodation vessel the Safe Bristolia.
Shell boss Ben van Beurden said he was “very, very confident” oil price would more than double.
Shareholders of Drillsearch Energy Ltd. look set to approve a A$384million ($266million) takeover of the Cooper Basin oil and gas producer in Australia by Beach Energy Ltd. later this month, the Australian Financial Review reported.
Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude producer may have to wait. The company says one option is to sell shares in the company’s refining assets rather than the parent company.
Saudi Arabia’s diversification away from oil will take centre stage at the forthcoming Global Competitiveness Forum (GCF).
An Aberdeen MSP has warned the “first-rate” safety culture in the North Sea that emerged after Piper Alpha could be at risk as firms strive to cut costs. The SNP’s Mark McDonald is seeking urgent talks with Deirdre Michie, the chief executive of Oil and Gas UK.
Fire protection company Blaze Manufacturing has hired a director of Aberdeen Science Centre to spearhead overseas expansion plans, the north-east firm announced yesterday. Blaze finance director Ann Johnson said new international manager Colin Black’s background in rig cooling made him a “great match” for the company. Mr Black, who is also a director of the Society of Petroleum Engineers, will help Blaze reduce its reliance on North Sea clients amid a tough economic climate in the region due to the low oil price.
North Sea operator CNR is continuing the operation to stablise the Petrojarl Banff FPSO after two of the installation's anchors were damaged in stormy seas.
While more than 180,000 onshore wells are producing oil in Texas, only 8,250 have been drilled by Petroleos Mexicanos across the border in Mexico. Welcome to the land of opportunity.
A new report outlining possible new tax breaks for the oil and gas industry and their likely impact will be published next week.
The OCA's (Offshore Contractors Association) chief executive Bill Murray said a vote by unions in favour of an offer would allow companies and employees to "move forward" after a year-long dispute.
Unite workers have voted to accept improved holiday entitlement and a joint review of "three on, three off" from by more than 50% of those balloted.
Det Norske has received consent from the Norwegian Petroleum Safety Authority (PSA) to use the Transocean Winner mobile drilling facility for drilling and completion of the Volund field.
Repair teams are working to secure the anchors of CNR's Petrojarl Banff FPSO which has been shut down after it was hit by North Sea storms.
Britain’s trade deficit narrowed to £3.2 billion in November, as plunging oil prices cut the cost of imports. The Office for National Statistics (ONS) said the total trade deficit for goods and services fell from £3.5 billion in October. It added that the deficit for goods alone also narrowed to £10.6 billion in November from £11.2 billion the month before.
Seacrest Capital Group-backed energy firm Azinor Catalyst is beefing up its UK North Sea oil and gas portfolio by buying an exploration licence from Trap Oil and Norwegian Energy Company (Noreco) UK. The licence covers three blocks known as the Homer asset in the North West Witch Ground Graben area of the Moray Firth. Under the terms of the “farm-out” deal, which is subject to UK Government approval and would see London-based Azinor become operator for the asset, Trap and Noreco with both receive payments contingent on the occurrence of certain future events.
An Aberdeen MP has written to Secretary of State Amber Rudd over the Brae Alpha platform leak in the North Sea. Aberdeen West politician Callum McCaig has called for more powers to be given to the Oil and Gas Authority (OGA) and the Health and Safety Executive (HSE) to allow operators to be hit with sanctions.