Norwegian energy giant Statoil has confirmed it will spend at least £4billion in the North Sea in the coming years.
Japanese oil and gas firm JX Nippon said yesterday it would be in the North Sea for decades to come after agreeing to buy stakes in a string of UK assets.
Energy service business Amec said yesterday the contract it won for work on the Cygnus field was worth £60million.
The trial over who was to blame for the Deepwater Horizon explosion and oil spill in the Gulf of Mexico has been delayed until next year.
US oil firm ConocoPhillips said yesterday its board had given final approval for the spinoff of its downstream arm.
Royal Dutch Shell has received final approval to gather raw gas from three major Iraqi oil fields.