A plan for developing Norway's Zidane natural gas field could be presented in the second or third quarter of 2016, with the early parts of summer being the most likely time frame, Austria's OMV has indicated.
Ineos has extended its interests in the North Sea after snapping up a further 25% stake in the Clipper South Gas Field from Fairfield Energy.
Russian billionaire Mikhail Fridman’s investment firm LetterOne agreed to buy EON's oil and gas assets in the North Sea for $1.6billion.
Sweden's Lundin Petroleum has commenced drilling its latest exploration well 200km off the Norwegian coast.
German energy company RWE Dea has appointed Lord John Browne to head their supervisory board. After being acquired by LetterOne Energy, the Hamburg-based RWE Dea has received a new supervisory board at its first general meeting of shareholders.