Private-equity back oil firm Chrysaor has snapped up stakes in a number of UK North Sea licences containing exploration prospects from US business Apache.
Greenpeace activists have climbed aboard a BP-contracted oil rig in the Cromarty Firth again.
Aberdeenshire-based energy equipment maker Flowline Specialists has reshuffled its management team after its long-standing chief executive left the business.
Total’s UK boss said the French major would keep searching for new discoveries in and around its central North Sea (CNS) stronghold.
An Aberdeen-headquartered firm has made a huge breakthrough in its mission to become a dominant force in the oil-well decommissioning market.
A huge North Sea field capable of covering 5% of UK gas demand has come on stream following investment of around £3.5 billion.
Energy service firms could shave months off the time required to break into new export markets by going to a conference in Aberdeen next week, its organisers said.
An Aberdeen-headquartered technology and engineering group is on course to deliver a major jump in revenues this year.
UK oil chiefs believe their “vision” for the future can play a crucial role in tackling one of the biggest challenges ever faced – the energy transition.
The world’s largest civilian cargo plane has helped deliver two helicopters to Aberdeen for Babcock Offshore’s North Sea operations.
Anglo-Dutch energy giant Shell said today that it faced criminal charges over the purchase of a Nigerian oilfield in 2011.
UK energy service giant Petrofac more than doubled its profits last year despite taking a hit on the sale of its stake in the Greater Stella Area.
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
A huge project to rejuvenate a vital North Sea pipeline system will deliver a jobs boost for the north-east.
Petrochemicals giant Ineos will invest £500 million to extend the life of a key North Sea pipeline system by “at least 20 years”.
RockRose’s swoop for Marathon Oil’s UK business will breathe new life and investment into “unloved and marginal” North Sea assets, an analyst said yesterday.
Tight margins and unrelenting volatility in the oil and gas market put a crimp on Saltire Energy’s profits in 2017-18. But the Portlethen-headquartered oilfield equipment rental firm said it was “managing the market well” and “adapting to the pressures”. >> To read more on Energy Voice, click here <<
Entrepreneur and philanthropist Michael Spencer will further increase his stake in North Sea oil firm Cluff Natural Resources (CLNR). Mr Spencer, a multi-millionaire backer of the Conservative Party, has struck a deal to purchase 10.6 million shares from Algy Cluff, CLNR’s chairman, for 3.5p each. >> To read more on Energy Voice, click here <<
A new chief executive has been selected for Aberdeen-headquartered oil company Dana Petroleum. A spokesman for Korea-owned Dana confirmed that Yongwoo Kang is being appointed as Roy Elliot’s permanent replacement. >> To read more on Energy Voice, click here <<Yongwoo Kang
RockRose Energy said today that the production lives of two North Sea fields had been extended by at least five years to 2029.
Offshore vessel owner Prosafe has revealed it will shed up to 150 jobs through voluntary redundancy in a effort cut operating costs.
Oil companies will pay their fair share of the multi-billion pound UK North Sea decommissioning bill, a trade body has said.
FrontRow Energy Technology Group has secured a follow-on investment worth £10 million from the Business Growth Fund (BGF) to drive forward its expansion.
An oil and gas consultancy owned by a north-east entrepreneur celebrated £3.14 million worth of contract wins in the fourth quarter of 2018.
The resilience of North Sea industry’s recent cost cutting crusade faces an acid test in 2019, a new survey shows.
Nearly half of oil and gas professionals are worried about an “impending talent emergency”, a new employment trends poll shows.
Oil firm Hurricane Energy’s efforts to start production from its Lancaster field have suffered a setback.
North Sea oil firm Repsol Sinopec Resources UK (RSRUK) has opted to stick with three week offshore rotas on its platforms after concluding a review.
Oil giant Shell has revealed the vessel for its Curlew field in the North Sea would be taken to Turkey for dismantling.
Unpredictability is the only certainty in the world of crude prices. But oil industry observers believe crude prices are more likely to rise than fall over the coming months.
Oil prices settling in a sweet spot of $60-70 per barrel would give North Sea firms more confidence to kick on with investment plans, industry experts have said.
The boss at M2 Subsea (M2S) has jumped ship to another remotely-operated-vehicle (ROV) specialist after “winding down” the firm — less than three years after its launch.