Marubeni Corp. could all but exit the UK North Sea as it looks to sell its main oil and gas fields in the region, according to people with knowledge of the matter.
Equinor and its partners will invest £260 million in the North Sea Statfjord Ost field to improve recovery by 23 million barrels of oil equivalent.
A pair of oil and gas fields controlled by Japanese companies offshore Vietnam could become a potential flash point in the disputed waters of the South China Sea as Beijing continually seeks to aggressively assert its claims.
North Sea operators still have the “appetite” for high impact exploration over the coming 12-18 months, according to Westwood Global Energy Group, despite low success rates.
An investment firm controlled by British billionaire Michael Spencer reached an 11th-hour settlement with an oil executive and his wife in a case that saw insider-trading accusations fly and the threat of a private prosecution.
Oil firm RockRose Energy said today that its shares will be re-admitted to trading in the "next couple of weeks".
Oil firm RockRose Energy said today that it had completed the takeover of Idemitsu Petroleum UK after receiving approval from the Oil and Gas Authority.
Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiya have given up on a stop-gap plan to form capital ties which were being considered as a way to get around opposition from the Idemitsu family to a full merger.
Japanese oil refiner Idemitsu Kosan said it will again delay its planned purchase of Showa Shell Sekiya shares from oil major Shell.
Idemitsu Kosan said it has still been unable to talk to its founding family which is opposed to the firm's plans for a takeover of smaller rival Showa Shell Sekiyu.
The founding family of Japan's Idemitsu Kosan has made a fresh call on management to give up its plan to merge with rival oil refiner Showa Shell Sekiyu KK.
Sweden's Lundin Petroleum has commenced drilling its latest exploration well 200km off the Norwegian coast.