Aberdeen-based drilling giant KCA Deutag said yesterday it had won a "strategic" new contract, worth up to £31million, for work off the coast of Burma.
When oil first arrived in Shetland in the 1970s, it brought a massive economic injection to the island economy; the likes of which many people thought they would never see again.
Exploration firm Desire Petroleum said yesterday it believed there would be more successes for oil firms in the Falklands.
TULLOW Oil said yesterday it had completed an acquisition which would help to turn Uganda into a significant oil producing nation.
TULLOW Oil said yesterday it had made a significant oil find with its Owo-1 exploration well offshore Ghana.
Noble Energy says it has agreed to sell some non-core assets in America for about £375million, without revealing who the buyer will be.
LEADERS of two significant oil and gas companies emerging from periods of transition will reveal what Oil and Gas UK's latest activity forecasts mean for their businesses at a breakfast briefing on Wednesday, May 26 at the Beach Ballroom, Aberdeen.