The Norvarg gas find in the Norwegian Arctic may be smaller than first thought, a partner in the project has warned.
British Gas owner Centrica saw profits from its residential energy arm rise by 3.2% to £356 million as it cashed in on the freeze in the first half of the year.
International service provider Petrofac said yesterday it had won a £34million contract from Siemens Energy.
New rules aimed at businesses which employ UK-based workers through offshore structures could increase costs in the oil and gas industry by up to £700million a year if applied indiscriminately, it will be claimed today.
Oil engineering consultancy Magma Products says is looking to set up an office in Houston in the wake of its recent expansion in Aberdeen.