Search Results for north sea


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,…



























Funding for new exploration in North Sea

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…

















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…








Maersk splits in two and focuses on North Sea

Copenhagen-based shipping container and oil conglomerate A.P. Møller-Mærsk said it will split into two separate businesses — forming a transport and logistics company and a separate energy business that will focus…


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…




Statoil buys 70% of North Sea field

Shares of Jersey Oil & Gas soared about 18% after Norwegian multinational Statoil agreed to acquire 70% of a licence in the Outer Moray Firth from Jersey and its…



EnQuest shares up amid North Sea discovery

Shares of North Sea exploration firm EnQuest rose about 5% after it announced encouraging results fom its Central North Sea drilling programme.  Neil McCulloch, EnQuest’s president, North…


Faroe shares up amid North Sea discovery

Shares of Aberdeen-based Faroe Petroleum, the independent oil and gas company, rose more than 5% after it announced an oil and gas discovery in the Faroe-operated…




Mundell seeks Texas lessons for North Sea

The UK Government’s Secretary of State for Scotland David Mundell on Wednesday travelled to Texas to build links with the US energy industry to help support the…


Union calls for North Sea industry summit

Unite, Scotland’s biggest union, has called for a cross-sector oil and gas summit to “plan for the industry’s survival and growth” after Shell announced it will…


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…


Wood wins $150m North Sea contract extension

Aberdeen-based energy services giant Wood  Group has won a five year $150 million contract extension from Nexen — extending a deal that has been in place since April…




Shell mulls sale of North Sea assets

Royal Dutch Shell is considering the sale of some of its North Sea operations following its £35 billion takeover of rival oil and gas producer BG Group. Shell has…