Shell is expected to spend $1.5bn (£1.152bn) on decommissioning in the North Sea over the next six years, according to a new forecast.
US oil firm Apache achieved its best quarterly production figure in the UK North Sea in two years during the first three months of 2019.
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
Petrochemicals giant Ineos will invest £500 million to extend the life of a key North Sea pipeline system by "at least 20 years".
Resurgent crude prices kept Apache Corporation’s North Sea business on an upward trajectory last year.
US oil firm Apache Corporation has become the latest company to scrap unpopular, three-week rotas in the UK North Sea.
The North Sea's largest producing oil field has been shutdown amid planned maintenance, according to a report from Reuters.
Houston-based Marathon Oil posted a small $28 million loss for the fourth quarter relative to its much larger $1.4 billion loss for the final three months of 2016.
The closure of the North Sea Forties pipeline in December caused the biggest monthly fall in output for UK production since 2012, according to new figures.
Ineos has confirmed it has restarted its Forties Pipeline system after the second shutdown in recent months.
Shell is performing “extremely well” at a time when Brent crude is at its highest price for three years, the oil giant’s upcoming fourth quarter results will show.
Archer has clinched a new three year deal to provide a range of services at Apache's Forties and Beryl fields in the North Sea.
Petrochemicals giant Ineos today confirmed the reorganisation of its oil and gas business.
A Brent crude price pushing $70 will provide a “feel-good” factor for North Sea oil, but it may still be “too early to celebrate”, industry experts have said.
US oil firm Apache has lowered its fourth-quarter production outlook for its international business due to the Forties pipeline closure.
North Sea oil and gas operator Serica Energy has confirmed that production from the Erskine field has restarted after a damaged pipeline halted operations in December.
Nexen today became the latest company to confirm that production had restarted from its fields served by the Forties pipeline.
Oil giant Shell has confirmed that it will undertake a phased increase in production within the "coming days" from its Shearwater and Nelson platforms now that the Forties pipeline has been mechanically repaired.
Forties pipeline operator Ineos has announced that it has started pressure testing on the structure.
Petrochemicals giant Ineos said today that it was making "steady progress" in its efforts to fix the Forties pipeline.
Crude rose, erasing declines from earlier in the week, on the shutdown of a key pipeline in the North Sea.
Petrochemicals giant Ineos said this morning that the small crack which shut down the Forties crude pipeline has stopped widening.
North Sea industry faces being left short by hundreds of millions of pounds for a period due to the closure of a key pipeline, an analyst has said.
Residents living close to the scene of the oil leak between Cookney and Netherley have faced delays since the cordon was put up last week.
The Forties pipeline shutdown will cause pain for oil producers, but consumers will still get their oil and gas, industry experts said yesterday.