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Ithaca Energy has struck a deal to acquire North Sea player Summit Exploration and Production for $224 million (£170.5m).
Louise Kingham admits she may be a bit of a “shock to the system”, but as head of the UK business of energy giant BP, a good jolt is what is needed.
Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.
Aker Offshore Wind and Aker Horizons have announced an all-stock merger as part of a wider reorganisation to get after energy transition opportunities.
Orcadian Energy has been granted more time with one of its North Sea licences after “extensive talks” with the regulator.
Billionaire Elon Musk is coming to the ONS conference in Stavanger later this year.
An outfit of North Sea experts is seeking to sell off discoveries which it says ConocoPhillips should “never have relinquished”.
A North Sea operator is targeting "first gas” from its third field this year as a problematic project gets back on track.
Oil kept falling after capping the biggest loss in almost three weeks on concern that a virus flare-up in China will weigh on global demand.
ExxonMobil drilled a so-called dry hole off the coast of Brazil, a rare setback in the oil titan’s effort to expand its South American crude reserves.
Orsted has struck a £3 billion deal to sell a 50% stake in Hornsea 2, soon to become the world’s largest offshore wind farm.
A multimillion-dollar deal has been struck to end a dispute over a North Sea oil and gas discovery.
Yemen’s Houthi rebel leader on Saturday announced a three-day halt to hostilities after an escalation of missile, drone and ground attacks on Saudi Arabia over the past week, the rebel-run Al-Masirah TV reported.
As we emerge from the pandemic, with a rapidly rising oil price and a recognition that oil and gas are vital to security of domestic supply, delayed projects are coming back on stream and new ones are being sanctioned.
BP targets to reduce its absolute emissions account for less than a fifth of its total greenhouse gases, with material sales excluded, a new study shows.
Seadrill has named Simon Johnson, the former head of rival firm Borr Drilling, as its new CEO.
Parkmead has said it is nearing a drilling decision on its Skerryvore field in the UK North Sea.
The company behind the low-cost district heating scheme in Aberdeen is to terminate its contract with Russian state-owned Gazprom.
BP has announced it will invest £1 billion in electric vehicle (EV) charging in the UK over the next decade.
UK and US oil majors such as Shell and BP may be stuck with their assets in Russia despite saying that they will leave the country to protest the invasion of Ukraine, said TotalEnergies chief executive officer Patrick Pouyanne.
The reduction in fuel duty announced in the Chancellor’s spring statement highlights that in the short to medium term he will have to wrestle with the re-emergence of the energy trilemma: simply put, how does the government address the competing demands of energy affordability, energy security and sustainability?
Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.
UK taxpayers could face billions of pounds in costs if the government ends up nationalising a unit of Gazprom PJSC that supplies about a fifth of the country’s commercial gas.
EnQuest (LON: ENQ) cut into its debt and moved back into the black in its 2021 results, despite a series of troubles knocking back production levels.
