Premier Oil’s largest creditor is refusing to back down in its challenge to the company’s planned acquisitions and debt maturity extensions.
Exxon Mobil Corp. plans to start gauging buyer interest in its U.K. and German upstream operations in the coming weeks as the oil major continues to divest overseas assets, people with knowledge of the matter said.
Chrysaor has submitted its decommissioning plans for a southern North Sea platform to the UK Government.
Oil major Shell will farm into a pair of UK North Sea licences currently held by Egdon Resources.
Big Oil doesn’t have a choice; either it gets serious about the necessary transition to low carbon energy or mounting public fear fuelled by the impacts of the deepening climate crisis will eventually force drastic change.
I was recently reminded of a new year’s resolution that I made some years ago - one which I’m successfully keeping to this day. Back then, I committed to making the transition towards a greener, more sustainable personal lifestyle. But here’s the clever bit: I figured it would also be OK to carry on pretty much as before with all my current behaviours. So, no really big changes required and certainly no tough decisions to make. Now, maybe it’s just me, but expecting the oil industry to get right behind the energy transition whilst sticking with MER does feel kind of similar.
Shell has reached another checkpoint on the way to developing the Jackdaw field in the central North Sea.
A former North Sea oil worker is to lead the team of paramedics who will soon take up life-saving missions across the north and north-east.
Oil and gas companies have provided “few signs” that they are willing to devote enough cash to tackling climate change, a new report said.
Trac Oil and Gas’ boss has hailed the return to “sustainable” profit levels for the rope access inspection, repair and maintenance firm after several “challenging” years.
Extinction Rebellion carried out a further demonstration in Aberdeen city centre this afternoon, following action at the offices of Shell in Aberdeen.
Exploration and production firm EnQuest has closed its offices in Aberdeen city centre today as climate change protestors descended on the Granite City.
A deal by the US and China goes some way to ending the two-year trade war, with particular support in the agreement for agriculture and energy exports.
US oil major Chevron plans to relocate its remaining Aberdeen employees to a prominent Granite City office block.
It was 10 years after the Piper Alpha disaster that Professor David Alexander carried out an extensive study into the psychological effects of the tragedy on those who survived it.
Premier Oil and its biggest creditor were going head-to-head in court yesterday over the firm’s intention to extend its debts and acquire North Sea assets.
DNO’s hostile takeover of Faroe Petroleum a year ago boosted the Norwegian oil firm’s North Sea production by 17,400 barrels per day (bpd) in 2019.
A boss at Neptune Energy said 2020 was shaping up to be the private-equity-backed firm’s busiest year in the UK North Sea as activity ramps up around key projects.
London-listed oil firm Serica Energy expects to announce its maiden dividend in April following a year of “strong performance”.
US firm Apache has taken legal action against petrochemicals giant Ineos in a row over the Forties pipeline in the North Sea.
Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Despite a weakening global economic outlook, I believe we are working in a local business environment of pragmatic optimism. Sustained recovery in the oil and gas sector, technology innovation and diversification activities are contributing to business growth and new employment opportunities.
Too many opinions, not enough facts. That’s how Chrysaor chief executive Phil Kirk views the heated debate about the oil and gas sector’s role in the energy transition.
Glacier Energy Services aims to cash in on a “significant ramp up” of North Sea repair and maintenance work.