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…

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…

Oil & Gas UK, the representative body for the UK’s offshore industry, warned on Tuesday that the sector is at a crossroads as it publishes…

Trade body Oil & Gas UK said Neptune Energy Group’s decision to acquire interests in two of Apache North Sea’s development and exploration assets in the UK…

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,…

BP said on Wednesday that one of the North Sea’s most important developments — the Eastern Trough Area Project (ETAP) — will continue to produce…

France’s Total is preparing to sell about a third of its stake in the Laggan Tormore gas field west of Shetland along with other oil…

Royal Dutch Shell plc has given the go-ahead for a major investment in the Fram gas and condensate field in the UK North Sea. “This…

The UK’s Oil and Gas Authority (OGA) said on Wednesday it has offered for award 123 licences over 229 blocks or part-blocks to 61 companies…

A new report into the workforce dynamics of the UK oil and gas workforce indicates that more than 40,000 new people will need to be…

The UK leads the planned projects count in the North Sea to 2025, according to a new report from data and analytics company GlobalData. A…

The UK’s Oil and Gas Authority said production efficiency (PE) on the UK Continental Shelf has risen for a fifth consecutive year — increasing to 74% in 2017….

UK Health and Safety Executive (HSE) boss Chris Flint has warned North Sea oil and gas operators about continued hydrocarbon releases, urging the industry to…

BP announced that it has committed to two new North Sea developments which are expected to produce 30,000 barrels gross of oil equivalent a day…

Apache Corporation announced a “significant oil discovery” at the Garten prospect in the UK sector of the North Sea that could recover more than 10 million…

A new report from trade group Oil & Gas UK said that more new North Sea investment is expected in 2018 than the last three…

The North Sea operations of Edinburgh-based oil and gas company Cairn Energy helped it give an optimistic outlook amid its 2017 results on Tuesday. Cairn…

North Sea oil and gas production over the period 2016–2050 is now projected to total 11.7 billion barrels of oil equivalent (boe) — 2.8 billion…

Global consultants Wood Mackenzie and the Aberdeen-based Oil & Gas Technology Centre announced that developing new subsea technology and approaches could help unlock 400 million additional barrels…

The North Sea oil and gas industry will deliver about £1 billion in tax to the UK Treasury this financial year, according to latest estimates….

Spirit Energy, one of the top independent oil and gas operators in Europe, said it is extending the life of one of its key North…

Royal Dutch Shell plc has made one of its biggest commitments to the UK North Sea in 30 years, with plans to redevelop the Penguins oil…

Grangemouth refinery operator Ineos said it expects to complete the repair of its crucial North Sea Forties Pipeline “around Christmas” and “bring the pipeline progressively back…

Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has exceeded $8 billion this year “in a clear sign that confidence is gradually…

Aberdeen & Grampian Chamber of Commerce said contractor confidence in the North Sea and UK Continental Shelf (UKCS) has risen — with almost half being…

Trade body Oil & Gas UK welcomed the announcement in the UK Budget that Scotland’s oil and gas industry will benefit from the introduction of a Transferable…

Trade body Oil & Gas UK said the latest oil and gas exploration licence round is a vote of confidence in the UK Continental Shelf. The UK’s Oil…

BP said it agreed to sell a package of its interests in the Bruce assets in the North Sea to Serica Energy plc for up…

Industry trade association Oil & Gas UK hailed two big North Sea deals completed within the past 24 hours as “hugely significant” that point to…

Shell said it completed the sale of a package of UK North Sea assets to independent firm Chrysaor for up to $3.8 billion. Harbour Energy,…

New exploration in the North Sea will be supported by a £5 million UK government fund for 2018-19, Chancellor Philip Hammond announced during a visit…

Almost $6 billion worth of mergers and acquisition deals have taken place in the UK oil and gas sector in the first half of the…

The UK North Sea is on track for the biggest year of oil and gas field startups in a decade, according to data from Edinburgh-based…

Shares of North Sea-focused oil producer EnQuest fell for a second day following its update on Wednesday that cut its full-year production forecast amid a slower…

Trade association Oil & Gas UK said its new blueprint for the North Sea oil and gas industry — outlining four key priorities for the next UK Government…

Edinburgh-based oil and gas company Cairn Energy on Friday stressed the potential of its work in Senegal and the North Sea in a statement ahead…

The first oil has begun to flow from the Shaw field, part of a major redevelopment of the Montrose Area in the Central North Sea about…

Hurricane Energy said on Friday it tripled its estimate of recoverable oil from its Lancaster field in the North Sea. The announcement came a few days after Hurricane announced…

Trade body Oil & Gas UK welcomed the move unveiled by UK chancellor Philip Hammond in his Budget speech to review North Sea tax rules to try and find ways…

Edinburgh-based oil and gas company Cairn Energy said it reduced its full-year loss to $95 million in 2016 — compared to a $516 million loss…

The Oil and Gas Authority’s five-year review of major oil and gas projects on the UK Continental Shelf showed more than £40 billion was invested in projects — but…

The UK production boss of Norwegian multinational Statoil said “large discoveries can still be made” in the UK Continental Shelf (UKCS). Statoil (UK) is the operator of the massive Mariner…

Edinburgh-based oil exploration company Cairn Energy has emerged as a frontrunner to buy North Sea oil and gas assets put up for sale by Denmark’s Dong Energy, according…

Shell agreed to sell roughly half of its UK North Sea assets to independent firm Chrysaor for up to $3.8 billion. Chrysaor, backed by Harbour Energy, an…

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…

BP said it acquired interests in two North Sea exploration prospects — Jock Scott and Craster. BP acquired a 25% interest in two Statoil-operated licenses east…

Aberdeen-based Siccar Point Energy said it will acquire the North Sea assets of Austria’s OMV AG for up to $1 billion. Siccar Point said the purchase of…

Chevron North Sea said it finally started production at the Alder high-pressure, high-temperature (HPHT) gas condensate field in the Central North Sea discovered 41 years ago…

The UK’s Oil and Gas Authority (OGA) said it attracted 29 applications covering 113 blocks in the latest offshore licensing round which targeted under-explored areas…

More than three billion barrels of oil equivalent (boe) remain in about 350 unsanctioned discoveries across the UK Continental Shelf (UKCS), according to information released by…

Royal Dutch Shell has invited binding bids from companies including Grangemouth refinery owner Ineos and Blackstone-backed Siccar Point Energy for the sale of some of its…