Statoil said it is already close to achieving its aim of reducing CO2 emissions on the Norwegian Continental Shelf by up to 800,000 tonnes by 2020. The Norwegian operator said it has now decided to increase its target by 50% to 1.2million tonnes. Seven years ago the petroleum industry, led by Konkraft, agreed on a goal of improved energy efficiency of up to one million tonnes of CO2 between 2008 and 2020.
Oil and gas company BG Group said today it has signed a £1.24billion deal with China National Offshore Oil Corporation (CNOOC) for the sale of interests in the Queensland Curtis liquid natural gas (LNG) project in Australia.
German oil and gas firm Wintershall said yesterday its Catcher project 110 miles east of Aberdeen had put the area back on its radar.
Decom North Sea (DNS) has urged Chancellor George Osborne to bring "much-needed certainty" to the growing offshore decommissioning industry in the Budget next week.
Aberdeen-based Dana Petroleum named yesterday a new managing director for its Norwegian activities.
BP's plans for the UK continental shelf will take the North Sea industry into the second half of this century.
Tullow Oil has completed a deal to buy Norwegian explorer Spring Energy Norway.
Industry body Oil and Gas UK has appointed Oonagh Werngren as its new operations director.
Energy service firm Hunting said yesterday it wanted to increase its presence in the North Sea to take advantage of rising activity.
The executive chairman of Scottish oil company Parkmead Group said yesterday it had a continued appetite for acquisitions and would look to add reserves through its drilling programme.
Stork Technical Services said yesterday its Aberdeen-based subsea division had signed contracts worth a combined £10million in recent months.
Norway is a destination for growth, according to members of Aberdeen-based industry body Subsea UK.
Decommissioning forum Decom North Sea (DNS) is hosting an evening networking event in Norway this month, ahead of the Offshore Northern Seas show.
International engineering and project-management firm Amec said yesterday it had signed a collaboration deal with Aibel, one of the largest energy service companies in Norway.
A meeting between UK Government officials and oil firm bosses is to be held in Aberdeen next week in a bid to drive the future health of the industry.
The oil and gas team in Barclays Corporate Banking division revealed it had been involved in deals providing funding for acquisitions and exploration and production amounting to almost £220million in the first quarter of this year.
BP has reportedly put nearly £2billion of North Sea assets on the market after the chancellor's Budget last week.
Work on Total's £2.5billion Laggan-Tormore project is to start ramping up this summer, both in Shetland and offshore west of the islands.
Production was shut down at a North Sea platform today after a toxic gas leak.
The new Aset international oil and gas training academy, now housed in Aberdeen College's Altens Centre, had its official opening yesterday.
The chief executive of Oil and Gas UK, Malcolm Webb, will open the new Aset International Oil and Gas Training Academy on Wednesday, March 7, which has relocated to Aberdeen College's Altens Centre.
Norway's Ministry of Petroleum and Energy has set up an expert group to improve rig capacity on the Norwegian continental shelf.
Scandinavian oil firm Statoil said today it had made its second major discovery in the Barents in nine months. opening up the region as a new core area.
Energy service firm Aker Solutions has won a £42.7million contract with Statoil to provide a subsea production system for the Svalin oil development on the Norwegian continental shelf.
OILFIELD engineering group Aker Solutions highlighted opportunities in the North Sea as it today revealed multi-million pound losses caused by problems in Brazil.