Italian energy firm Eni S.p.A. announced that it has reached an agreement to merge “substantially all” of its upstream assets in the UK with Aberdeen-headquartered Ithaca…

Aberdeen-based independent oil and gas firm Parkmead Group announced it has been provisionally awarded three new offshore blocks by the North Sea Transition Authority (NSTA) in…

John Wood Group, the Aberdeen-based global engineering and consulting giant, has announced two important developments for the company. Wood said it has been awarded a…

Edinburgh-based oil and gas firm Capricorn Energy announced it will acquire a stake in the Columbus gas field in the UK Central North Sea under a…

John Wood Group, the Aberdeen-based engineering and consulting giant, said it has secured a two-year contract extension with Equinor UK Limited to support energy production…

Shutting down obsolete North Sea oil and gas platforms is a business opportunity worth more than £20 billion over the next decade, according to calculations…

Offshore Energies UK (OEUK), the trade body for the sector, welcomed the offer of new oil and gas licences by the North Sea Transition Authority…

A new report from Robert Gordon University (RGU) in Aberdeen has said that the UK offshore energy workforce can increase by up to 50% from…

Wood Group plc and Harbour Energy, the UK’s largest oil and gas producer, have entered into a new strategic partnership for UK North Sea operations…

The Scottish Government said on Wednesday that Scotland’s “notional deficit” under the current constitutional position as part of the UK has continued to fall “at a…

North Sea decommissioning work offers a “significant opportunity” with £21 billion of spending forecast in the next decade, according to the UK’s North Sea Transition Authority…

Shares of Deltic Energy Plc rose about 30% after it announced a “significant” increase in its estimate of oil and gas resources for the Pensacola…

Business confidence in the UK Continental Shelf (UKCS) is at a near record low, falling from +36 points last April to -37 today. That’s according…

Green energy and infrastructure developer Cerulean Winds has revealed a £20 billion investment plan to build the North Sea Renewables Grid (NSRG), an offshore integrated…

Shell U.K. Ltd announced it has completed the restart of operations at the Pierce field in the UK Central North Sea, following a “significant upgrade”…

The North Sea Transition Authority (NSTA) said 115 applications have been received for the UK’s 33rd offshore oil and gas licensing round. The bids are…

Unite, the UK’s largest offshore trade union, said over 200 of its members have accepted an improved wage offer at Petrofac Repsol installations in the North Sea. Unite…

Over 2,000 North Sea wells involved in oil and gas extraction are to be decommissioned at a cost of around £20 billion over the next…

Offshore Energies UK (OEUK) has warned that oil and gas companies risk being “driven out” of investing in UK waters if UK finance minister Jeremy…

The UK Treasury has taken £8 billion in tax from the North Sea in just nine months, according to new research by Aberdeen & Grampian…

In a move to strengthen energy security, the UK government has confirmed its support for a new oil and gas licensing round, expected to be…

Offshore Energies UK (OEUK) has called for a “rapid acceleration of investment” into North Sea oil, gas and offshore wind — and a prompt announcement…

The UK needs to keep developing new oil and gas fields in the North Sea even as it develops major offshore wind and carbon capture and…

The oil and gas industry will pay £7.8 billion in UK taxes this year, and will likely pay another £4.8 billion in 2023-24, Offshore Energies…

UK government business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to…

A new report from powerful trade body Offshore Energies UK (OEUK) has warned that the UK will have to import almost all its gas and…

The UK’s Oil and Gas Authority (OGA) is planning to hold a North Sea oil and gas licensing round this year, according to a report in…

Dozens of Scottish and British business leaders have joined forces to warn Scottish and Westminster politicians against creating a “hostile investment environment” for the North…

Aberdeen-based global engineering and consulting group Wood plc has announced a series of UK North Sea contract awards with key clients — including Shell UK…

Greenpeace announced it has lost its court case challenging the UK government’s decision to grant a permit to BP to drill the Vorlich Field in…

Deltic Energy Plc announced it has entered into a binding, conditional farm-out agreement in relation to five of its gas licences in the Southern North Sea…

Oil and gas firm EnQuest announced on Friday it signed a new debt facility for $750 million to enable a refinancing and fund the acquisition…

North Sea focused oil and gas development company Orcadian Energy plc said on Wednesday said it is planning an initial public offering on London’s AIM…

About 75% of North Sea oil and gas contractors anticipate moving into renewables work in the next three to five years, according to the 33rd…

Amazon has invested in a major Scottish offshore wind project in the North Sea as part of a global announcement of new corporate power purchase…

The UK Government’s Business Secretary Kwasi Kwarteng has rejected calls to bring an end to new licences for North Sea oil and gas as part of efforts…

ExxonMobil Corp said on Wednesday it will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for…

Shares of oil and gas producer EnQuest plc fell about 8% on Thursday after it agreed to buy Suncor’s 26.69% equity interest in the Golden…

SSE plc, the Perth-based renewable energy and networks giant, said on Tuesday it agreed to sell its portfolio of gas exploration and production (E&P) assets…

A new report from leading think tank IPPR has urged the UK and Scottish governments to work together to develop a new net zero deal…

Perth-based energy giant SSE, Iberdrola’s ScottishPower and the UK’s National Grid have confirmed they are developing ambitious plans to deliver “an underwater super-highway that will see…

Consultants Wood Mackenzie on Wednesday published a comprehensive roadmap for the North Sea’s future to the Oil & Gas Technology Centre (OGTC) in Aberdeen. The plan sets…

North Sea oil producer RockRose Energy Plc said on Monday it agreed to be bought by privately held energy firm Viaro Energy in a deal…

Powerful trade group Oil & Gas UK (OGUK), the representative body for the UK’s offshore oil and gas industry, warned on Tuesday that up to…

The leading representative body for the UK’s offshore oil and gas sector has warned that the latest oil price developments “could fundamentally undermine the ability…

Leaders of the UK’s offshore oil and gas industry have warned that the economic impact of the coronavirus and dramatic falls in oil and gas…

UPDATE 3 — Shares of North Sea producer Premier Oil rose 15% on Tuesday after it announced plans to buy stakes in the Andrew and…

A new report has forecast that expenditure for North Sea decommissioning work will be £15.2 billion over the next 10 years. The 2019 Decommissioning Insight report was…

The North Sea oil and gas industry has huge potential to play a significant role in the energy transition and set a precedent for facilitating…

Shares of oil and gas firm i3 Energy soared almost 50% on Tuesday after it announced it discovered around 200 million barrels of oil in…

French energy giant Total could invest up to $10 billion in the North Sea over the next five years, CEO Patrick Pouyanne said on Tuesday. …

Shares of Jersey Oil & Gas (JOG) soared 155% on Monday after it said it was awarded 100% working interests and operatorship of three North…

The UK’s Oil and Gas Authority (OGA) has launched the 32nd Offshore Licensing Round with 768 blocks or part-blocks on offer across the main producing…

Norway-based private equity fund HitecVision and Oman-based oil group Petrogas have joined forces to buy a portfolio of British North Sea oilfields for $635 million…

Aberdeen-based oil and gas operator Ithaca Energy, owned by Israel’s Delek Group, said on Thursday it will acquire Chevron North Sea Limited (CNSL) for $2 billion….

The 30th Oil and Gas survey has revealed that around 45% of North Sea oil and gas contractors have increased investment spend in the UK…

Chrysaor Holdings said on Thursday it will acquire ConocoPhillips’ UK oil and gas business for $2.675 billion. The assets being acquired produced 72,000 barrels of…

Oil & Gas UK’s Business Outlook 2019 has found that although 62% of contractor companies have an improved outlook for 2019, many areas of the…

Total and partners including China’s CNOOC have made a significant new gas discovery off the coast of Scotland at the North Sea Glengorm prospect about…

Consultancy Wood Mackenzie has said the North Sea oil industry will stage a recovery in exploration drilling and healthy levels of mergers and acquisitions this…

BP is considering selling its stake in the large Shearwater project in the North Sea as it focuses on new investments in the area and…

Recruitment by oil and gas contractors in the UK Continental Shelf (UKCS) is on the rise as business confidence in the sector reaches its highest…

Trade body Oil & Gas UK has welcomed the news that Azinor Catalyst has struck oil at Agar-Plantain in the Northern North Sea as “promising proof…

The United Kingdom’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the UK Continental Shelf (UKCS), according to…

The Oil and Gas Authority (OGA) said on Thursday the UK’s petroleum reserves “remain at a significant level which could sustain production for at least…

Up to £330 billion could be spent on oil and gas extraction in the UK Continental Shelf (UKCS) over the next 32 years, according to…

Shell UK Limited said on Wednesday it made a final investment decision (FID) to invest in the Arran gas and condensate field in the UK…

Operating expenditure (OPEX) and unit cost per barrel of oil equivalent in the UK Continental Shelf (UKCS) remained steady in 2017 against a stronger oil…

BP said on Thursday that approval has been received from the UK Oil and Gas Authority (OGA) to proceed with the £200 million Vorlich development…

French oil and energy group Total said on Monday it made a major gas discovery on the Glendronach prospect, located off the west coast of…