Energy consultancies Rystad Energy and Wood Mackenzie expect 13-14 North Sea developments to have reached final investment decisions (FID) by the end of this year.
Chinese oil firm Cnooc today revealed plans to spend up to £9billion in 2018, 18% of which will be devoted to exploration.
Nexen today became the latest company to confirm that production had restarted from its fields served by the Forties pipeline.
Nexen said today that it has temporarily shut down the Buzzard, the North Sea's biggest producing field, in light of the Forties pipeline closure.
Nexen Petroleum UK’s boss has said that a £500million-plus project will extend the life of the North Sea’s biggest producing field by up to 10 years.
Maersk Drilling has won a contract to provide a rig for the phase II development of Nexen Petroleum's Buzzard field in the central North Sea.
Production at a North Sea field has dropped slightly due to a techical glitch.
A North Sea helicopter flight landed on the wrong platform after its pilots misidentified their correct landing location eight miles away.
Maintenance work on the Buzzard oilfield has been delayed until September - two months after it was expected to take place.
The Buzzard oilfield in the North Sea has begun ramping up production once again after a four-day outage. The operator Nexen said the field, which is the largest contributor to the Forties crude oil stream, was coming back online after it was shut down last week. Buzzard produces about 186,000 barrels per day (bpd).
A planned shutdown of the Buzzard oilfield in the North Sea is likely to be rescheduled for November. The move would boost next month's supply of crude which helps underpin the Brent benchmark. The shutdown had originally been planned for next month instead.