North Sea operators must reduce the almost 30-year window it takes to bring new discoveries to development, according to a new report.
Premier Oil said today it was on course to grow production by around 50% during 2012, in line with its previous target, and would focus more on existing assets than new acquisitions this year.
Energy firm GDF Suez Exploration and Production (E&P) UK said today it was looking for new offices in the Aberdeen area to support growth in the North Sea.
Oil and gas operator Nexen said yesterday it was ready to proceed with the development of Golden Eagle in the UK North Sea.
NAUTICAL Petroleum, the Aim-listed heavy-oil explorer, said yesterday it had raised £30.35million in a share placing to help fund its planned activity until the end of 2011.
Nexen said yesterday it had made the largest oil find in the UK North Sea since the giant Buzzard field was discovered in 2001.