Neptune Energy said it would pay an $800 million (£605m) dividend to shareholders before the end of the year.
Stronger oil and gas prices brought North Sea operator Neptune Energy back to profits in the first half of 2021.
The 1990s were a brutal time in the North Sea, with the oil & gas industry largely pre-occupied with trying to recover from the 1986 global price crash and culminating with the second crash, the slide for which began in 1997 and bottomed out late 1998/early 1999.
As the saying goes, “talk is cheap”. I’m not so sure. The lower carbon economy is at the top of most agendas nowadays – for the UK and international governments, for major industries including oil and gas, and now for the general public.
The executive chairman of Neptune Energy has urged Aberdeen's energy sector to drive "collective action" on climate change.
Oil & Gas UK today confirmed the line-up for the opening day of its annual conference, being held at Aberdeen’s Exhibition and Conference Centre from June 4-6.
The man heading up the newest player in the North Sea said yesterday the firm had only just started on its asset portfolio.
The oil and gas investment company led by former Centrica boss Sam Laidlaw has struck a deal to buy French-owned assets in the North Sea in a deal worth about £3billion.
The sale of Engie’s oil and gas exploration and production unit to a business led by former Centrica boss Sam Laidlaw is imminent, a news report said.