Oil and gas explorer Trinity Exploration & Production is hoping to raise £56million after its merger with fellow exploration firm Bayfield Energy Holdings.
Subsea 7 has picked up a £186million contract to work on Dana Petroleum's near-billion-pound Western Isles development about 100 miles east of Shetland.
Trap Oil said yesterday that drilling of the Romeo exploration well had fallen 16 days behind schedule.
Aberdeen-based Dana Petroleum says that a £989million project to bring on stream two UK oil fields which was given the go-ahead this week will produce over 200 jobs, and a significant amount of supply, engineering and construction work.
Japanese oil and gas firm JX Nippon said yesterday it would be in the North Sea for decades to come after agreeing to buy stakes in a string of UK assets.
A £989million project by Aberdeen-based Dana Petroleum to bring on stream two UK oil fields was given the go-ahead today.
New estimates of how much oil and gas can be extracted from the UK North Sea show it may not reach its potential.
Cloaked by its largely private ownership, Denmark's Dong Energy has been in stealth mode West of Shetland.
The future of a UK North Sea gas field still remains uncertain some two years after sanctions against Iran forced its closure, and the loss of tens of millions of pounds of revenue for BP.
Oil supermajor Royal Dutch Shell has announced its second significant investment in the North Sea this week.
North Sea oil and gas production is expected to bounce back in the next few years following high investment in offshore developments, an industry expert said last night.
Aberdeen-based oil and gas firm Ithaca Energy is to boost its production by buying stakes in two central North Sea oil fields for £24million.
Operator Apache said yesterday it was producing a record 800,000 barrels of oil equivalent per day. It said resumption of operations in the North Sea after platform maintenance and in the Gulf of Mexico after Hurricane Isaac had led to the new high
North Sea oil and gas exploration and production company Bridge Energy made its debut on the stock market today, with first day trading valuing it at £75million.
French oil firm Total is banking on a string of African projects to help fuel a 25% rise in output over five years.
Faroe Petroleum yesterday announced it was spending nearly £20million on a west-of-Shetland deal.
Norwegian energy giant Statoil said yesterday a huge North Sea oil field could be boosted by another prospect nearby.
North Sea operator Premier Oil said yesterday a 30% jump in UK production had helped it to achieve record profits.
Oil firm Taqa Bratani yesterday marked two milestones in the North Sea after buying into the basin just five years ago.
GDF, much like its Cygnus development, has been something of a sleeping giant in the North Sea.
North Sea producer Endeavour International yesterday said a boost in output seen in the second quarter was due to continue as new projects continued to come on stream.
Canadian oil firm Talisman has revealed its North Sea production fell nearly 30% in the past quarter.
Falkland Oil and Gas (FOG) said it was preparing to start drilling what it described as one of the highest-impact exploration wells to be drilled by an independent this year.
Aberdeen-based oil and gas firm Faroe Petroleum said today it has secured an extra £80million of funding.
BG Group said yesterday it had signed contracts worth £2.8billion to ramp up its operations at huge oil and gas fields offshore Brazil.