Shares issued on LSE for EnQuest after restructuring deal
EnQuest said new shares have been issued on the London Stock Exchange after its restructuring deal was completed earlier this month.
EnQuest said new shares have been issued on the London Stock Exchange after its restructuring deal was completed earlier this month.
Industry leader Sir Ian Wood has hailed Aberdeen's City Region Deal as a "vote of confidence" from Westminster and Holyrood in the potential of key industries.
The main suitor for Iona Energy has dropped its bid for the defunct firm after one of its backers decided to pull out.
North Sea-focused energy explorer Chrysaor Holdings is closing in on a £1.6billion deal to buy a number of Shell’s assets, a news report said.
EnQuest has announced that first oil from the North Sea Scolty/Crathes development was today achieved under budget and ahead of schedule.
The oil and gas investment company led by former Centrica boss Sam Laidlaw is thought to be in advanced talks to snap up French-owned assets in the North Sea.
An insolvency firm new to Aberdeen expects others to follow in its path as more businesses struggle amid the oil and gas downturn.
The production and storage vessel for EnQuest’s Kraken field is expected to set sail for the North Sea “in the coming days”, the company said today.
Labour and the Scottish Government are both calling on the Chancellor to end austerity, boost support for the North Sea oil and gas industry and stop welfare cuts, ahead of the Autumn Statement.
Bosses at Aberdeen-based Parkmead Group have been “spending a lot of time” talking to oil majors about potential acquisitions.
The department for Business, Energy and Industrial Strategy (BEIS) has launched an inquiry into the UK's Brexit negotiation priorities for energy and climate change policy.
The boss at Parkmead Group hailed an “excellent year of progress” as the firm added to its portfolio and narrowed its losses significantly in the 12 months to June 30.
Bosses at Premier Oil said yesterday that lenders were unlikely to block the firm’s plans to invest in new development projects.
Atlantic Petroleum said it has been advised by Bridge Petroleum that it is unable to complete the the transaction for a 25% share of the North Sea Orlando asset.
Shell is said to have snapped up a large volume of North Sea oil which helps set the global Brent benchmark, according to reports.
Sir Ian Wood, industry leaders and politicians today hailed Shell Brent’s tremendous 40-year achievement.
This week it was revealed Shell was planning to sell some of its $3billion Norwegian assets.
Statoil is said to be looking for approval from the Norwegian government for the Mim prospect in the North Sea.
Premier Oil today revealed details of revised terms for its long-awaited refinancing.
It was sheer determination and hard work which led to a career in Formula 1 racing - but it was a stint on rigs in the North sea which helped the original Stig from Top Gear launch his career.
John McRobbie, the last in a long line of operations manager for Shell’s Brent field, remembers the moment he chose a career in the oil and gas industry with great clarity.
Decommissioning faces the challenge of “inertia” within the industry according to a Shell project director leading the way with North Sea decommissioning.
The offshore fleet tending to Norway’s oil industry, already sailing through the worst downturn in a generation, is in for even more pain, according to the head of the Norwegian Shipowners’ Association.
The decommissioning of Brent, which has produced oil for 40 years, is one of the most complex engineering projects of its kind and is expected to take a decade to complete.
Scotland’s energy minister said today that the Scottish Government was ready to invest to stop decommissioning work going overseas.