Transocean posts “impressive” fourth quarter, drilling trough is near, says CEO
Transocean's chief executive today hailed the firm's fourth quarter output as "impressive".
Exxon Mobil completes InterOil takeover
Exxon Mobil has finalised its takeover of InterOil.
Cairn Energy names new director of exploration
Cairn Energy today named Eric Hathon has its director of exploration.
Repsol Norge gets go-ahead for wildcat well
The Norwegian Petroleum Directorate (NPD) has approved Repsol Norge's bid to drill a wildcat well in the Norwegian Sea.
BW Offshore makes Gabon acquisition
BW Offshore has struck a deal with PPGBV to acquire a 25% working interest in the Dussafu production sharing contract in Gabon.
Shell launches its first hydrogen refuelling station in the UK
Shell today confirmed the launch of its first hydrogen refuelling station in the UK at its Cobham service station on the M25.
Lib Dem leader warns May not to pander to ‘climate change denier’ Trump
Theresa May must not pander to Donald Trump on climate change but invest to power a “new industrial revolution” in green technology, the Liberal Democrat leader will say.
Petrofac posts net profit of $421million, reduces headcount by 29%
Petrofac’s chief executive today said the service firm now has the “right-sized” business to remain competitive.
OPEC’s plan for the future is to resurrect the past
When it comes to Mohammad Sanusi Barkindo, OPEC's secretary general, it isn't just what he says that counts, it's the way he says it.
US energy chief one of the victims in deadly Australia plane crash
An energy consulting firm in Austin, Texas, said its former chief executive and co-founder was one of the men killed in the crash.
‘Wood Group hungry for growth’, says CEO
Wood Group chief executive Robin Watson said yesterday more acquisitions by the energy services giant were “very much on the cards”.
BP CEO Bob Dudley to open show for Offshore Europe
BP's chief executive Bob Dudley will open this year's Offshore Europe, it was today confirmed.
EDF Energy in wind turbine clash
Opposing sides of a controversial wind farm development in Moray have clashed at a heated public exhibition.
Wood Group’s revenue dips, cuts 36% of workforce
Wood Group's total revenue fell 15.7%, according to its full year results.
Exxon Mobil’s takeover of InterOil receives court approval
The Supreme Court of Yukon has approved Exxon Mobil’s bid for InterOil.
Gender pay gap remains at 15% despite more opportunities for women
The gender pay gap in Scotland currently stands at 15% despite improved opportunities for women in the workplace, according to a new report.
Atlantis deploys MeyGen turbine in record time
Atlantis today confirmed it had deployed the latest turbine for its flagship MeyGen project in record time.
Lekoil appoints CFO
Lekoil today named Bruce Burrows as its chief financial officer.
Zenith sells Argentine operations to local investors
Zenith Energy today confirmed it had sold its operations in Argentina to a group of local energy investors.
Lekoil starts production at former “swamp”
Lekoil today confirmed has kick-started production its Otakikpo Marginal Field.
Contractor killed and three injured in Saudi Aramco oil pipeline leak
A contractor was killed and three other workers injured in a pipeline leak in Saudi Arabia, oil giant Saudi Aramco said.
Thinking of selling your business? What you need to know here
The number of Mergers & Acquisitions (“M&A”) completed within the UK Oil & Gas market during 2016 was significantly lower than we have seen in recent years as uncertainty throughout the sector remained. 2016 was a year of adapting to the lower oil price and for most businesses this was achieved by reducing costs. However, confidence is gradually returning and we are seeing more corporate buyers and investors actively looking for acquisition opportunities.
Sound Energy enters binding agreement for £254m acquisition, starts drilling
Sound Energy has entered a binding agreement with Oil & Gas Investment Fund (OGIF) for an asset acquisition valued at £254.3million.
Iran ‘unmoved’ by threats over nuclear weapons
Iran’s foreign minister has brushed aside new pressure from the United States, declaring that his country is “unmoved by threats” but responds well to respect.
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