Oil and gas firm Spirit Energy has given the Chestnut field in the UK North Sea a three-year life extension by drilling a new production well.
Green shoots in the oil and gas market predicted at the start of 2020 have fallen by the wayside. It was meant to be the year when the industry, particularly in Europe, got serious about ESG credentials and planning for a carbon free future.
A suspected coronavirus sufferer has been flown back to shore from a North Sea platform.
A trade union official has said the North Sea is firmly in the grip of coronavirus “fear” and lamented a perceived lack of leadership.
Oil firm EnQuest intends to permanently shut down its Thistle platform in the UK North Sea.
A dramatic crude price rout has left the UK oil industry on thin ice, with the supply chain expected to go through more “pain”, a trade body warned today.
North Sea minnow Jersey Oil and Gas said today that it is well placed to ride out the coronavirus and low crude price storm.
To understand the crisis engulfing the world’s largest oil companies, just look at their dividend yields.
Oil futures plunged as much as 26% to the lowest levels since 2002 after Saudi Arabia vowed to keep producing at a record high “over the coming months,” doubling down in its price war with Russia.
The UK Government has postponed the introduction of a much criticised tax reform that would have had major implications for North Sea contractors.
Total’s latest discovery shows the French energy giant still has the Midas touch when it comes to finding new North Sea reservoirs, an analyst has said.
Oil clawed back some losses after collapsing below $30 a barrel as the shut down of swathes of the world’s economy triggers a meltdown in global fuel demand and the most volatile market on record.
The owner of UK North Sea oil firm Ithaca Energy has been granted a temporary injunction against a lender who demanded the immediate repayment of a £46 million loan.
Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year.
A group of oil and gas firms have joined forces to plan the delivery of more than 200 million barrels from the outer Moray Firth.
Oil’s spectacular collapse deepened as widening global efforts to fight the spread of coronavirus were set to trigger the most severe contraction in annual oil demand in history.
Bosses at a North Sea start-up said today that recent market turmoil and plunging crude prices would boost their chances of sealing acquisitions.
A trio of London-listed oil and gas firms today insisted they could overcome volatile market conditions at the end of a bruising week.
Restrictions on offshore travel will be tightened in a bid to stop the deadly coronavirus spreading across the North Sea, an industry body has said.
Independent Oil and Gas said today that its “core project” in the southern North Sea was proceeding to plan despite the recent market volatility.
Oil’s historic price crash is presenting an uncomfortable dilemma to China’s energy majors: follow market signals to cut drilling, or heed President Xi Jinping’s orders to boost output.
Any lingering hopes of a reprieve for North Sea oil workers from an unpopular tax reform were dashed by the Chancellor today.
Oil and gas minnow Tailwind Energy is pressing ahead with a project to develop the Evelyn field in the central North Sea.
Wood chief executive Robin Watson was in bullish mood about future prospects for the global engineering and consultancy company after a sharp increase in profits.
Oil and gas firm EnQuest has confirmed plans to decommissioning its fire-damaged Heather Alpha platform in the northern section of the UK North Sea.