"Building on our long-standing strategic partnership with BP, Adnoc looks forward to continue exploring other opportunities as we collectively seek to decarbonise our operations and lead a just and equitable energy transition.”
Thousands of dollars in bribe payments from oil trader Vitol Group were handed over to a Mexican oil official in a Houston parking lot, a federal jury in Brooklyn, New York, heard on Monday.
A concession will likely need to be made to get the $11.2bn asset deal through, says Munich-based expert
The team behind a fitness company targeting the unique challenges faced by offshore workers has released a new app after a wave of interest in their programme.
"The BOP has been checked and tested by the OEM representative on board the rig and declared safe and ready for operations. Island Drilling is evaluating all legal recourse at its disposal to contest the termination."
London-listed Capricorn noted that if first oil occurs before June 30, 2024, Woodside would owe it $25 million - or $50 million.
Banff and Buchan MP David Duguid failed to declare his wife’s £50,000 shares in BP while speaking in three debates about the windfall tax, a parliamentary watchdog has ruled.
Should the purchase move ahead, Jadestone said, it would qualify as a reverse takeover. This would trigger a suspension of Jadestone shares on AIM.
Former EY boss Derek Leith has joined Aberdeen-headquartered decommissioning specialist Well-Safe Solutions as a non-executive director.
Costs linked to the upcoming Balder development cut down profits at Var Energi (OSLO: VAR), Norway’s second-largest independent operator.
Energy services firm Expro (NYSE: XPRO) has struck a $210m deal to buy Aberdeenshire-headquartered drilling tech company Coretrax.
Oil and gas bosses from across the North Sea have decried Labour as "clueless" following its proposed windfall tax hike.
Galp raised the possibility of farming down its stake and bringing in a partner. It currently has an 80% equity position.
Shares of Diamondback Energy Inc. surged after it announced a $26 billion cash-and-stock deal to acquire fellow Texan oil and gas producer Endeavor Energy Resources LP to create the largest operator focused on the prolific Permian Basin.
The Naga 7 rig capsized in 2021.
The move raised questions about Saudi Arabia’s view on future demand as the world shifts toward low-carbon energy, and was also seen as a concession there’s adequate oil supply from competitors including US shale producers.
There were more near field exploration targets planned for 2024. These, it said, would support further expansion at the project. Valeura has raised the possibility of a Nong Yao D platform to follow Nong Yao C.
Ineos FPS has awarded Bilfinger a new contract carrying out maintenance work across the Forties Pipeline System for up to five years.
The Norwegian company will begin project management and engineering “immediately” at its offices in Bergen and Aberdeen.
Energy representatives have asked for a ‘holistic’ approach to energy policy and tax incentives in the upcoming Budget, which would help guide the UK to net-zero.
Europe’s oil refineries are stepping up crude purchases following a surge in the price of diesel and disruptions to imported shipments from the Middle East. The situation is driving up the cost of physical barrels of oil.
Welligence analysis shows Apache decision to halt drilling at Beryl and Forties hubs will significantly impact field production life.
Net Zero Technology Centre's (NZTC) new Horizon service can source opportunities for North Sea firms, including ways to cut emissions when electrification is not viable.
Independent councillor Barney Crockett quit the Labour Party last year over its North Sea strategy.
Apache, CNOOC and Equinor will see hundreds of millions of dollars slashed.