Oil explorer Valiant Petroleum today became an oil producer after announcing its Causeway field had come on stream.
BP is to take a near-20% stake in what will become the world's largest publicly listed oil producer as part of a £16.7billion deal.
The China National Offshore Oil Corporation (CNOOC) was founded three decades ago and is one of three major state-controlled oil companies in China.
When Archie Kennedy left his roles as Conoco-Phillips managing director and joint chairman of industry body Oil and Gas UK in 2009, the plan was to take a year out.
Edinburgh-based oil firm Cairn Energy said today it expected a long-delayed deal to sell a stake in its Indian business to complete "shortly".
RUSSIAN oil producer TNK-BP said yesterday it signed a £900million-plus loan with a group of 10 international banks for general corporate purposes.
UK-BASED oil explorer Heritage Oil said yesterday it had agreed to merge with Genel Energy International, part of Turkey's Cukurova Group, to create an oil producer focused on Kurdistan in northern Iraq.