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.
Aberdeen-headquartered Ithaca Energy has announced it is set to launched a debt finance offering of £558 million in senior notes in an effort to realise its acquisition of Chevron's North Sea business.
Ithaca Energy’s boss said he was looking forward to “injecting the small company ethos” into Chevron’s North Sea operations.
A full exit from the UK is “increasingly likely” for US major Chevron following the
sale of its central North Sea portfolio to Ithaca Energy, an analyst said yesterday.
Ithaca Energy has completed its acquisitions of stakes in the Greater Stella Area from Petrofac and Dyas.
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
Petrofac’s exit from the North Sea Greater Stella Area (GSA) will allow it to refocus on its core business, according to analysts Westwood Energy.
International law firm Pinsent Masons has reported increased global turnover by 6% to £449.8 million.