BP rising to oil price challenge, returns to profit
BP returned to profit in the third quarter as the oil major made “good progress” adjusting to the low crude price environment.
BP returned to profit in the third quarter as the oil major made “good progress” adjusting to the low crude price environment.
Dozens of workers in Montrose were told they are at risk of losing their jobs on the day their company created a $32 billion oil business.
Airbus Helicopters said yesterday it would not comment on “anonymous and unverified information” after a newspaper reported its North Sea Super Pumas may suffer from a design flaw.
A UK and US based subsea service business has been given a multi-million pound private equity investment to acquire a fleet of ROVs from shipping firm Harkand.
Energy logistics firm Peterson will today launch an app which gives oil and gas operators instant information about the availability of space on North Sea vessels.
Statoil has struck a deal to acquire Wintershall's share in the Byrding interest in the Norwegian North Sea.
Statoil will suspend the contract for the Songa Enabler rig once it finishes the drilling campaign it is currently working on.
Newly-formed Aker BP said today that its integration process was on track after revealing third quarter revenues of $248million.
The Oil and Gas Authority (OGA) said a number of new entrants were among the 24 companies who applied for licences in the 29th round, which closed last week.
EnQuest said today that the production and storage vessel for its flagship North Sea Kraken development has left a yard in Singapore.
He was one of only two survivors of the worst North Sea helicopter disaster. This Sunday will mark 30 years since 45 men were killed on a helicopter flight returning from the Brent Delta platform to Sumburgh Airport.
Spending on offshore oil and gas will drop in Western Europe over the next few years despite forecasts of more stable crude prices, new research shows.
The Offshore Coordinating Group (OCG) has hit out at the decommissioning of a giant oil and gas vessel after it was found languishing on a Bangladesh beach.
Oil major BP is expected to report its profits have more than halved when it published its third quarter results this week.
A video of huge waves crashing against a North Sea rig has had almost 10,000 views in just 48 hours.
Production at Statoil’s Mongstad Refinery was reportedly halted due to an IT error in India, new documents have revealed.
Parker Maritime has signed a general agreement with Statoil for the delivery of third-party verification and dimensional control on the Johan Sverdrup project.
Cluff Natural Resources will have to reapply for a share in two North Sea licences after the Oil and Gas Authority said it would not grant an extension of their initial terms.
Independent Oil and Gas (IOG) said it has completed the acquisition of 100% of the shares of Oyster Petroleum Limited.
Xcite Energy said Liberum Capital has agreed to resign as nominated adviser and broker to the firm with immediate effect.
A senior voice within the offshore industry has said the ability to access the European single market with the “least friction possible” will be vital to efficient trade post-Brexit.
Statoil’s chief executive Eldar Saetre has insisted it is safe to work offshore after a number of incidents in recent weeks.
Official figures published yesterday reveal mixed fortunes for traditional fossil fuel and wind-energy output in the UK.
Hurricane Energy said today it had taken another step towards production start-up from the North Sea Lancaster discovery after completing a second sidetrack well on the field.
Norwegian oil and gas giant Statoil has been touted as a potential bidder for troubled Xcite Energy’s Bentley field in the North Sea.