Tullow completes reserve based lend, scales down capital commitments
Tullow Oil said it has successfully completed the six-monthly redetermination of its Reserve Based Lend (RBL) facility.
Tullow Oil said it has successfully completed the six-monthly redetermination of its Reserve Based Lend (RBL) facility.
Russia's government wants to sell a stake in oil giant Rosneft to "real investors" but may force the firm to buy its own shares to prop up the country's budget.
Nigerian President Muhammadu Buhari said he will meet leaders from the Niger Delta next week in an attempt to end an insurgency in the oil producing region.
Husky Energy said it has reported a bigger-than-expected quarterly loss as crude oil prices continue to eat into profits.
Co-operative Energy is paying out £1.8 million in compensation to customers after subjecting them to “unacceptable” levels of service.
Marathon Petroleum reported an 84.7% drop in its quarterly profit, which it said was partly hurt by lower refining margins.
US oil producer ConocoPhillips has reported a smaller quarterly loss as it cuts production and operating expenses.
Statoil said it plans to intensify its efforts to extend the life of the Norne field.
Technip raised its full-year objectives for the year for its subsea division as the firm reported both revenue and profit for the third quarter.
Amec Foster Wheeler has made changing to its business with four market-based lines including oil and gas, power, mining and environment and infrastructure.
Statoil said its average serious incident frequency (SIF) rose for the 12 months ended September this year compared to the same period in 2015.
Norwegian operator Statoil widened its losses as its income for the third quarter of the year dropped to $737million compared with $883million the year previously.
Oil firms in Nigeria have sacked an estimated 3,000 workers, according to union officials in the country.
A shareholder in Xcite Energy has described himself as "one of the luckier ones" after losing an estimated £25,000.
This time last year, the crew on the North Sea's Brent Delta platform gave the song 'Talk Tonight' from the Oasis' 1995 album The Master Plan their best go.
Atlantis Resources looks set to have all four of its turbines installed and connected to the grid by the end of the year.
Hundreds of thousands of tenants are living in cold, draughty houses, faced with higher than average energy bills, a study has found.
Production has resumed from BP's Clair platform after a leak earlier this month.
Greece has named a consortium of Total, Hellenic Petroleum and Itaky's Edison as the preferred bidder for an offshore gas drilling block in the west of the country.
A meeting has been called between Statoil management and the Norwegian Petroleum Safety Authority after a number of incidents involving the company’s assets.
Dong Energy has said it may shed its oil and gas business as it looks to sharpen its efforts on wind power.
London’s top flight index swung into the red after investors soured to Lloyds Banking Group’s plans to hive off another £1 billion for the mis-selling of payment protection insurance (PPI).
Angola's Supreme Court has called on its President to respond to an inquiry on why his daughter was appointed as the head of the state oil firm.
Jersey Oil & Gas said its survey vessel has arrived at a North Sea licence to begin work for Statoil.
Aboriginal and environmental groups are planning on taking legal action against the Canadian government to overturn a permit for a $27billion liquefied natural gas (LNG) project in British Columbia.