BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) will see the valuations of their West of Shetland oilfields increase by half a billion dollars after electrification, according to analysis.
More than 300 offshore workers have voted for strikes across 20 North Sea installations, Unite the Union has announced, causing "major problems" for production.
Ithaca Energy has given an update on progress for its Abigail project in the North Sea ahead of hitting first oil later this year
Worley says a contract it won on Ithaca Energy's Captain EOR project in the central North Sea would create work for more than 60 onshore employees.
More than a dozen workers are in quarantine after a crew member on the Premier Oil Balmoral platform tested positive for Covid-19.
More cases of Covid-19 have been discovered following an outbreak on an Ithaca Energy North Sea platform.
First oil from a North Sea field has been hailed as an encouraging sign that the basin remains attractive.
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.
Greenpeace has failed in its legal move against government approval of a BP oil field in the North Sea.
Drilling services firm Archer made pre-tax profits of £2.3 million in the first half of 2020 despite being hit hard by the Covid-19 pandemic and low oil price.
Drilling contractor Archer is to cut between 12-15% of its global workforce of 5,000 as a result of the oil price crash and Covid-19 pandemic.
A US oil major that sold most of its UK offshore business last year has become an Aberdeenshire-based research centre’s first industrial “anchor partner”.
Trac Oil and Gas’ boss has hailed the return to “sustainable” profit levels for the rope access inspection, repair and maintenance firm after several “challenging” years.
John F Kennedy once said: “Change is the law of life. And those who look only to the past or present are certain to miss the future.”
An Israeli oil and gas firm which owns North Sea producer Ithaca Energy has announced that its chief executive will retire at the end of the year.
Companies are decommissioning more efficiently in the UK continental shelf (UKCS), allowing them to carry out more work for the same amount of investment.
Israeli firm Delek Group's Aberdeen-based subsidiary, Ithaca Energy, has completed the acquisition of Chevron’s UK North Sea business.
A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion acquisition of some of Chevron Corp.’s North Sea oil and gas assets after initial funding arrangements hit stumbling blocks, according to people familiar with the matter.
Energy service firm Subsea 7 has won a contract worth tens of millions of pounds for Shell’s Pierce depressurisation project in the UK North Sea.
An exploration well is due to be drilled at the Total-operated Isabella well later this month.
Energy services firm Petrofac said it was “well positioned” for the remainder of 2019, but warned of a drop in revenues ahead.
A new tool has been launched which will help companies produce millions of extra barrels of oil through their North Sea operations.
Demand for studies from North Sea operators was not enough to stop profits plunging at UK infrastructure firm Costain in the first half.
A pipeline is expected to be installed next month as part of plans to revitalise Ithaca’s Cook field in the North Sea.
International law firm Pinsent Masons said yesterday it notched up turnover growth of 7% to £482 million during its 2018-19 trading year.