Chevron’s earnings tumble 15%
Oil and gas company Chevron said yesterday its pre-tax profits fell 15% year-on-year to £6.6billion for the first quarter of 2013.
gas company
EnQuest snaps up 8% stake in Alba
UK North Sea oil and gas company EnQuest said today it had bought two companies holding an 8% total stake in the Alba oil field from Cieco of Japan for an initial £18.75million.
Tullow gobbles up Spring
London-listed Tullow Oil is purchasing the Norwegian independent oil and gas company Spring Energy for $372.3million, subject to adjustment for working capital. The deal with HitecVision (87.6%) and other shareholders (12.4%) is back-dated to September 1.
Ukraine orders two rigs for $1.4bn
Ukraine's national oil and gas company Naftogaz Ukrainy has chosen Keppel Offshore & Marine to build two semi-submersible drilling rigs for Black Sea service at a contract price of around $1.4billion for the pair.
Drilling under way in Darwin campaign
North Sea-focused independent oil and gas company Fairfield Energy said yesterday that drilling had started on the first of a three-well campaign in the Darwin area.
CNR output restricted by unplanned maintenance shutdowns
Oil and gas company Canadian Natural Resources (CNR) said yesterday its North Sea production had slumped because of shutdowns at key fields.
Backlash over pay at Melrose
Oil and gas company Melrose Resources suffered a backlash over bosses' pay at its annual meeting yesterday.
Hess deal boosts Dana’s stake in North Sea field
North Sea oil firm Dana Petroleum has added to its share of the Bittern field after a multimillion-pound deal with Hess.
Nautical to buy Nottingham onshore stakes
Oil and gas company Nautical Petroleum has agreed to buy 15% interests in two onshore UK exploration licences from Egdon Resources.
Award is platform for student’s OIM ambitions
College student Fergus Stewart from Falkirk is top of the class after winning a coveted oil and gas industry award from OPITO.
EU plans could increase risk of accident offshore
THE managing director of oil and gas company OMV UK said yesterday that European Union plans to seize regulatory control of the North Sea oil and gas industry could increase the risk of an accident in UK waters.
Parkmead buys interest in Dana fields
Aberdeen-based energy investment firm Parkmead Group made its first step to becoming an independent oil and gas company today.
Hurricane Exploration returns to prospect west of Shetland
Oil and gas company Hurricane Exploration said today it had returned to a prospect west of Shetland to continue drilling an exploration well.
Breaking up is hard to do
The latest reporting season is under way in the US, where listed companies update the market on trading figures for the first quarter of 2011.
Hurricane says Whirlwind oil-well analysis positive
UK oil and gas company Hurricane Exploration yesterday gave more information on its Whirlwind basement-reservoir prospect west of Shetland.
Wood announces North Sea contract award from Hess
Wood Group said yesterday it had landed a North Sea contract from US oil and gas company Hess worth up to £50million a year.
Desire dives after dry well on Rachel prospect
Desire Petroleum saw its shares dive yesterday after it said an exploration well on the Rachel prospect was dry.
Faroe to increase interest in Clapton prospect area
FAROE Petroleum, the Aberdeen-based oil and gas company, said yesterday it had agreed to increase its interest from 20% to 40% and obtain the operatorship of a Norwegian licence containing the Clapton oil prospect.
Oil group agrees £375m deal for non-core assets
Noble Energy says it has agreed to sell some non-core assets in America for about £375million, without revealing who the buyer will be.
Technical problem curtailing production at Buzzard
Nexen said yesterday the Buzzard oil field in the UK North Sea had reduced output to 30,000-50,000 barrels of oil equivalent per day (boepd) because of a technical problem.
Hopes rising for Tornado discovery
Hopes are rising that the Tornado oil and gas discovery west of Shetland is large enough to be brought into production.
San Leon proposes all-Irish tie-up
OIL and gas company San Leon Energy said yesterday it had proposed a combination with fellow Irish firm Island Oil and Gas with a view to building a strong Ireland-based oil and gas business.
Faroe says Breagh selloff best for its shareholders
Aberdeen-based oil and gas company Faroe Petroleum said yesterday it had agreed to sell its 10% interest in the Breagh gas field in the southern North Sea gas basin.
Oil firm to liquidate remaining assets
STRICKEN Canadian oil and gas company Oilexco said yesterday it had obtained a court order allowing it to liquidate its remaining assets and reach a compromise agreement with creditors.
Investor may sell 5.4% stake in Venture
Speculation was mounting yesterday that private equity investor 3i was planning to sell its 5.4% stake in Venture Production, the oil and gas operator which has its headquarters in Aberdeen.