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Aberdeen’s Verus in $400m North Sea deal

Aberdeen-based Verus Petroleum said it agreed to acquire Cieco Exploration & Production (UK) Limited, a subsidiary of Japanese commodity trading house Itochu Corporation, in a deal…


Decom North Sea appoints Warrender as CEO

Decom North Sea, the membership organisation for the oil and gas decommissioning sector, said it appointed former ConocoPhillips executive John Warrender as its chief executive,…





















North Sea firms welcome oil price rise

The North Sea oil and gas industry gave a cautious welcome to news that some of the world’s biggest producers agreed a deal to curb production for the…



Sturgeon welcomes Statoil North Sea expansion

First Minister Nicola Sturgeon welcomed the North Sea expansion plans of Norwegian multinational Statoil on Monday as she officially opened the firm’s new headquarters in…




BP doubles stake in North Sea gas megaproject

BP said on Monday it has doubled its interest in the Maersk-operated $4.5 billion Culzean gas development in the UK central North Sea after acquiring an additional interest from JX…




UK starts sale of Green Investment Bank

The UK Government has started the process to sell off its Edinburgh-based Green Investment Bank (GIB), with analysts predicting it could eventually fetch a total price tag of…