Omani firm Petrogas has withdrawn from a deal to buy a package of UK North Sea assets from Total, clearing the way for partner Neo Energy to complete the transaction.
The oil and gas industry has been battered by a perfect hurricane of the three Cs: coronavirus, climate concern and a collapse in crude prices. But a fourth big C, a perennial threat to the health of the sector, lurks in the background and could cause even greater damage than usual in today’s fraught operating environment.
It was an interesting year for deal-making in 2019, despite political and economic challenges.
An Aberdeen-based energy consultancy has strengthened its well management team following a number of major contract wins for the firm.
A huge North Sea field capable of covering 5% of UK gas demand has come on stream following investment of around £3.5 billion.
The North Sea is the gift that keeps on giving for Total, an analyst has said.
Energy giant Total has said it is just weeks away from starting up production at one of the UK’s largest offshore gas fields.
Lloyd’s Register has appointed a North Sea veteran as its new UK manager for asset integrity and maintenance.
The man tasked with driving innovation at Maersk Drilling believes the industry is in a race to find the most competitive barrel of oil before demand peaks.
Maersk Oil’s Culzean gas condensate field is to receive a huge shipment of two bridge sections weighing almost 2,000 tonnes.
A giant module for a North Sea oil field has been shipped to its final destination from Lowestoft Port in Suffolk.
The former director of engineering at Maersk Oil has been appointed as an advisor to tech developer Akselos.
Semco Maritime will upgrade a floatel ahead of its posting to the UK North Sea for a job with Total subsidiary Maersk Oil.
Australian oil service firm WorleyParsons said today that a two-year, UK North Sea contract extension would safeguard 165 jobs.
A major piece of infrastructure for the giant Culzean gas field in the North Sea has been completed in Singapore.
Total said yesterday that its UK North Sea boss, Elisabeth Proust, will soon retire after three years at the helm.
Maersk Supply Service (MSS) is in the middle of a £700million-plus fleet renewal programme intended to help the business crack open new markets in the North Sea.
Oil firm Total said yesterday that it would make 250 workers redundant in the north-east following its takeover of a rival company.
Oil firm Total said today that it would make 250 workers redundant in the north-east following its takeover of Maersk Oil.
Total will make between 50 and 70 employees redundant in Norway in the wake of its takeover of Maersk Oil, a news report said.
Total's boss has said the French energy giant expects to complete the takeover of Maersk Oil this week.
AP Moller-Maersk is about to exit the Danish offshore oil industry that it created half a century ago. But for the next few decades, it will be stuck with a liability stemming from that business that’s as big as $1.2 billion.
Denmark's energy regulator has given the nod for the sale of Maersk Oil to French energy giant Total to go ahead.
Operating in some of the world’s most remote locations and under the harshest of conditions including rough seas and extreme temperatures, technologies for oil and gas applications need to meet incredibly high standards.
Maersk Oil more than doubled its profits ahead of its takeover by French energy giant Total.