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.
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.
Drilling services firm Archer made pre-tax profits of ยฃ2.3 million in the first half of 2020 despite being hit hard by the Covid-19 pandemic and low oil price.
A US oil major that sold most of its UK offshore business last year has become an Aberdeenshire-based research centreโs first industrial โanchor partnerโ.
Trac Oil and Gasโ boss has hailed the return to โsustainableโ profit levels for the rope access inspection, repair and maintenance firm after several โchallengingโ years.
Companies are decommissioning more efficiently in the UK continental shelf (UKCS), allowing them to carry out more work for the same amount of investment.
A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion acquisition of some of Chevron Corp.โs North Sea oil and gas assets after initial funding arrangements hit stumbling blocks, according to people familiar with the matter.