A new company launched by a US energy investment firm has bought a UK gas processing plant and says it has plans to buy more North Sea oil and gas infrastructure.
Oil explorer Desire Petroleum said yesterday it was now focused on finding extra funds to develop its Falklands discoveries.
An Orkney firm has secured rights to help it progress a tidal energy development in the islands as part of a new wave of marine energy leases agreed off UK shores.
Oil explorer Xcite Energy said yesterday it remained highly committed to successful commercial development of the Bentley field, one of the largest undeveloped finds in the UK North Sea.
Falklands oil and gas explorer Rockhopper has raised its estimate of how much oil it has in its Sea Lion discovery, despite its latest well being dry.
Spanish Point, an Irish Atlantic Frontier oil discovery dating from 1981, is almost certainly commercial, according to its operator Providence Resources.
Venture Production yesterday revealed that results from an exploration well on its 100%-owned Andrea gas prospect in the southern North Sea were disappointing.