Malaysian oil firm Hibiscus Petroleum has completed the acquisition of the Crown discovery in the North Sea for a fee which could rise to £4 million.
North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
The chairman of the Health and Safety Executive has called out “complacency” on cyber security within oil and gas and other sectors across the UK.
Hibiscus Petroleum said today that its IT system was "subjected to an attack" last week.
A pipeline is expected to be installed next month as part of plans to revitalise Ithaca’s Cook field in the North Sea.
A new water injection well has been drilled to boost production from Ithaca’s Cook field in the North Sea.
Hibiscus Petroleum has largely attributed a surge in profits to its North Sea operations.
Malaysian oil firm Hibiscus Petroleum has completed the acquisition of stakes in two UK North Sea discoveries for £28.5 million.
Indian firm Aban Offshore has agreed a quick-fire sale of 50% of two North Sea blocks it is in the process of acquiring.
Malaysian oil firm Hibiscus Petroleum will buy stakes in two UK North Sea discoveries for £28.5 million.
Kuala Lumpur-based Hibiscus Petroleum has entered into a conditional agreement to buy Shell’s interests in four producing oil fields off Malaysia.
Hibiscus Petroleum has spudded the Sea Lion well after the project was delayed. The company’s subsidiary, Carnarvon Hibiscus, said the West Telestro drilling rig arrived at the site last week following a 196-mile tow from its original location. The planned total depth of the well is 1,800metres with the exploration well expected to take up to 30 days.