Independent Oil and Gas (IOG) has been given more time to commit to an exploration well on its Harvey licence in the Southern North Sea.
Independent oil and gas explorer Enegi Oil said its interests in the North Sea and Jordan offered excellent potential.
The UK's largest independent Oil and gas operator said yesterday it was on the lookout for stakes in more North Sea fields as it prepared for a busy year in the region.
Independent oil and gas explorer Endeavour International is to consider selling its North Sea business as part of a strategic review.
Industry body Oil & Gas UK yesterday welcomed a new board member, Phil Kirk, chief executive of independent oil and gas exploration and production company Chrysaor.
North Sea independent oil and gas firm EnQuest said yesterday it had raised £145million through its retail bond issue.
Independent oil and gas explorer Enegi Oil has agreed to farm-out part of a North Sea block also containing the Phoenix discovery to Azimuth.
London-listed Tullow Oil is purchasing the Norwegian independent oil and gas company Spring Energy for $372.3million, subject to adjustment for working capital. The deal with HitecVision (87.6%) and other shareholders (12.4%) is back-dated to September 1.
North Sea-focused independent oil and gas company Fairfield Energy said yesterday that drilling had started on the first of a three-well campaign in the Darwin area.
Independent oil and gas operator Fairfield Energy is looking to recruit up to 20 people in the next 12 months after moving into a new base for its North Sea operations.
Independent oil and gas explorer Trapoil is on the hunt for a partner to drill on the northern North Sea Inverewe prospect after Centrica opted out of the plans.
Independent oil and gas exploration firm Trapoil said today it is looking for opportunities to become an operator and grow its exploration portfolio after announcing a £4.3million share placing.
Independent oil and gas firm EnQuest said today it is to fast-track its Kraken development after agreeing a deal to boost its stake in the North Sea field.
Tullow Oil has once again been named the top UK upstream independent oil company.
Independent oil and gas firm EnQuest today announced a near-£60million deal which will give it a 20% stake in the UK North Sea Kraken discovery.
Aberdeen-based energy investment firm Parkmead Group made its first step to becoming an independent oil and gas company today.
Independent oil and gas operator Talisman Energy said today its profits more than doubled during the third quarter of the year.
An Aberdeen entrepreneur who has created one of Europe's top independent oil and gas firms could pick up more than £34million from its sale, it emerged yesterday.
SIBIR Energy, the UK-listed oil operator which is 100% focused on Russia, said yesterday that in the first half of 2008 it had already achieved 84% of the record financial performance of the whole of 2007.
Independent oil and gas company Valiant Petroleum said yesterday it had made excellent progress in becoming a key North Sea player.