Plans are in place for a joint licensing round to be launched between the Faroe Islands and the UK North Sea.
UK North Sea
Australian energy service firm WorleyParsons has clinched two contracts to provide services for ConocoPhillips in the UK North Sea.
A new Aberdeen University study suggests the UK North Sea can deliver nearly 11billion more barrels of oil equivalent (boe) at “lower for longer” prices.
There is currently a “massive appetite” for UK North Sea infrastructure among potential investors, an oil and gas expert said yesterday.
The boss of an Aberdeen firm specialising in the supply of manpower to oil and gas firms said yesterday “competency and skills” were key to securing the long-term future of the UK offshore industry.
Xcite Energy shares dived yesterday after the company said bondholders would pursue enforcement action over their loans unless a restructuring of the financial terms hands them near-100% ownership.
An estimated 120,000 jobs will have been lost by the end of this year as a result of the collapse in fortunes of the UK offshore oil and gas industry.
A floating accommodation vessel is adrift in the North Sea after breaking its towline in bad weather.
North-east MPs teamed up in the House of Commons to turn up the heat on the UK Government to do more to support the North Sea oil and gas sector. The SNP's Callum McCaig, Aberdeen South, referred to Energy Voice's recent industry survey when addressing the Speaker of the House.
A North Sea oil firm is making job cuts in a “consolidation” of the business, despite the Middle Eastern parent more than doubling first quarter profits.