The need for newer North Sea players to grow could be a “catalyst” for more M&A deals this year, according to an investment banker.
Well management firm Expro has announced the promotion of two management executives.
BP has revealed the identity of its new company secretary following the retirement of David Jackson at the end of this year.
Aberdeen-headquartered firm PD&MS Group has announced the award of a North Sea contract renewal with E&P firm Chrysaor.
Scottish law firm Stronachs has revealed plans to make a short move to new headquarters in Aberdeen as it continues to expand.
Alpha Petroleum has appointed a former BG Group engineering chief to spearhead the Cheviot field development in the North Sea.
Talk to a big oil executive these days, and the chances are they’ll steer the conversation toward gas.
Chinese-owned Nexen has been unveiled the biggest tax spender in the UK North Sea during the first year of the oil and gas industry slump.
Shell and Pavilion Gas will start delivering liquefied natural gas to Singapore later this year, a news report said, citing the city-state’s trade minister.
Gazprom could gain control over some of the assets Shell's recently acquired BG assets in a swap deal, a senior Gazprom executive said.
Shell's finance chief has refused to rule out further job losses in the North Sea as the oil giant announced its earnings had dropped by $4billion dollars in the first quarter of 2016.
Royal Dutch Shell’s first quarter 2016 earnings dropped to $0.8 billion compared with $4.8 billion for the same quarter a year ago.
Shell has confirmed it will close the former BG Group’s offices in Aberdeen by the end of the year as it launched a voluntary redundancy scheme for UK staff.
Shell could reduce operating costs by as much as $4.5 billion a year if its employees matched the productivity of BP, according to Morgan Stanley.
Telecoms giant BT has recruited former BG Group chief Simon Lowth as its group finance director following his departure from the oil and gas explorer.
Shell's exit from Alaska last year was "a huge disappointment," but did not push top North American executive Marvin Odum to exit the company, he said.
Shell leapfrogged Total to become the UK’s biggest net oil and gas producer after completing its £36million takeover of BG Group. The “mega-merger” was approved by shareholders from both companies last month and went through yesterday. It creates a firm with a net output of 200,000 barrels of oil equivalent (boe) per day in the UK alone.
Shell has completed its $68.2billion merger with BG Group which will now be delisted from the London Stock Exchange.
London’s FTSE 100 made modest gains, as a continued rally from heavyweight miners and a profit swing for oil and gas company BG Group pushed the index higher.
BG Group and Keppel Offshore & Marine have secured a licence to supply LNG bunker to vessels in the Port of Singapore.
China’s government has approved Shell’s £47billion takeover of BG Group, a Ministry of Commerce spokesman has confirmed. This means that Shell has passed the last anti-monopoly review prior to the completion of the acquisition. Shell is expected to account for some 30% of China’s total natural gas imports by 2017, according to available statistics.
Royal Dutch Shell Plc is on the brink of completing its biggest acquisition as shareholders look set to back its purchase of BG Group Plc. Risks to the deal completing have almost disappeared. The discount of BG’s shares to the offer price narrowed to a record low of 2.2 percent on Monday after some of Shell’s top shareholders and advisory firms backed the transaction this month. It was at 12.5 percent on Dec. 21.
French group Total has to make the steepest cuts to investments and shareholder returns among Europe's oil majors if crude prices remain weak, in order to maintain its current credit rating, Fitch said today.
Unexploded wartime bombs found near defunct North sea oil and gas infrastructure pose no threat, the operator said yesterday.
Oil major Shell has told investors its purchase of BG Group will work even if the oil price stays at an average of $50 a barrel for the next two years. According to reports, the lowest estimate yet for the oil price has been made in a bid to retain shareholder support for the $51billion deal amid plunging crude markets.