Falklands Oil and Gas targets 4billion barrel prospects
Falkland Oil and Gas (FOG) said it was preparing to start drilling what it described as one of the highest-impact exploration wells to be drilled by an independent this year.
US call for Chinese bid for Nexen to be blocked
A US senator has called for a Chinese oil firm's bid for North Sea oil and gas operator Nexen to be blocked until China agrees to let more American goods into its markets.
Meygen lodges plans for tidal array
Tidal energy developer Meygen has lodged plans for the first phase of a 400 megawatt project in the Inner Sounds of the Pentland Firth.
SNC-Lavalin picks up Bressay jacket feed
Statoil has awarded a front-end engineering design contract for a 20,000 tonne substructure for the part of the UK North Sea Bressay development to SNC-Lavalin.
Potential for £6billion of North Sea fabrication work
Discussions have been held between government and industry over how the UK could secure a chunk of a projected £6billion worth of investment in new offshore platforms.
Kakelborg to be abandoned as dry
Wintershall's Kakelborg prospect found hydrocarbons but will be plugged and abandoned as a dry well, said partner North Energy.
Centrica upstream profits up
Energy giant Centrica said today it was on track to reach a production target of 75million barrels of oil equivalent (boe) per day after a string of North Sea acquisitions.
Faroe increases funding facility
Aberdeen-based oil and gas firm Faroe Petroleum said today it has secured an extra £80million of funding.
Lamprell shares dive on profit warning
Shares in oil rig and ship builder Lamprell fell 40% yesterday after the firm delivered its third profits warning this year.
Subsea work boosts Technip profits
French oil service group Technip said today its high-margin subsea work would drive full year profits after seeing strong growth in the sector, including in the North Sea.
Marine energy consultation launched
The Crown Estate said yesterday it had launched an "industry engagement exercise" aimed at shaping the future of leases for wave and tidal projects in the UK.
Gas allowance paves way for Cygnus
Utilities GDF Suez and Centrica were quick to welcome today's tax allowance for shallow-water gas fields. The pair, which both have offices in Aberdeen, are in line to benefit directly from the announcement to the tune of up to £500million.
Barryroe could have 1billion barrels in place
Irish oil explorer Providence Resources said today it could have more than one billion barrels of oil in place in its Barryroe field offshore Ireland.
Tax allowance for gas fields announced
A new tax relief for shallow water gas fields has been announced today by Chancellor George Osborne.
Driving force behind move
Analysts have speculated that the control over a key oil market measure - the Brent crude index - could have influenced Chinese firm CNOOC's interest in the North Sea.
Presence in sector ‘would give firms higher profile’
A move by two Chinese oil firms into the UK North Sea could herald China's entry on to the global oil industry stage, according to an energy security analyst.
Chinese oil firms’ links to state
China's state-controlled oil and gas firms have a degree of autonomy but they ultimately are state-backed, according to experts.
‘Further tax incentives needed for North Sea’
A new report into tax measures announced by Chancellor George Osborne to unlock North Sea investment has said they could have gone further - and brought in more cash for the Treasury.
Bid for US major failed
A bid by CNOOC to buy up a US oil and gas producer in 2005 ended up failing after it faced strident political opposition.
Industry accolade for Sinopec chairman
Beijing-based Sinopec chairman Fu Chengyu became the first head of an Asia-based company to earn the distinction of his peers as Petroleum Executive of the Year, earlier this year.
Chinese snap up North Sea
Nearly 10% of UK North Sea oil and gas production is expected to fall into the hands of Chinese firms under two major deals announced yesterday.
Deals a big step and more could follow, says professor
Aberdeen University petroleum economist Professor Alex Kemp said the two deals were a "big step" - and more could follow from China.
Following Dubai lead with state-owned oil interests
The entry of CNOOC and Sinopec into the North Sea is a first for the Chinese.
Insatiable demand to fuel growth
Growth is driving China's insatiable demand for energy, leading to it becoming the world's second biggest consumer of energy.
Sinopec enters North Sea in £956million deal
Chinese oil giant Sinopec has announced plans to buy nearly half of the UK North Sea business of Canadian oil firm Talisman.