The top challenges for the North Sea oil and gas industry in the subsea sector have been outlined at Subsea 2013.
Oil and gas explorer Trinity Exploration & Production is hoping to raise £56million after its merger with fellow exploration firm Bayfield Energy Holdings.
Taqa said its £818million deal to increase its presence in the North Sea came after "constructive dialogue" with the UK Government over tax changes for oil and gas firms.
The new measures for oil and gas not only represent a reversal of the acknowledged “faux pas” in last year’s budget but also recognise the contribution the industry can and is making to the UK’s economic growth.
In many ways, today's operating environment is very different from that which was being experienced when Oil & Gas UK last published its activity forecasts 12 months ago.
The UK arm of Abu Dhabi national energy company TAQA revealed yesterday it is to take advantage of a recent UK Government tax incentive to bring on stream an undeveloped accumulation of oil in the North Sea.
MELROSE Resources, the Edinburgh-based oil and gas operator with interests in Egypt, Bulgaria, Romania America, France and Turkey, said yesterday that first-half production from existing fields and new Egyptian developments had beaten expectations.