Oil and gas firm Ithaca Energy said yesterday it had agreed to buy smaller rival Valiant Petroleum for £203million.
Talisman Energy said yesterday it was looking forward to an exciting future in the North Sea after completing the £956million sale of nearly half its UK assets.
Five students from the University of Aberdeen have been awarded the first round of engineering scholarships from Petro-Canada, which has put up a purse of £140,000 over four years to fund 20 scholars.
THE chief executive of TAQA will tell an audience in Aberdeen today that he would like to see the Abu Dhabi National Energy Company soon in a position where it has daily production of 150million barrels of oil equivalent from the North Sea and proven plus probable reserves of some 200million barrels.
Endeavour International, the US oil and gas operator which focuses on the North Sea, has offered to buy Canadian company Ithaca Energy, also with a UK continental shelf focus, in a cash and share deal worth close to £180million.
STATOILHYDRO is to drill its first offshore prospect as operator in Canada during Q4 this year. The target is the Mizzen prospect (Flemish Pass Basin) off the east coast of Newfoundland and Labrador and the Transocean rig, Henry Goodrich, has been secured for the operation.