Dong Energy has acquired Norwegian oil company Front Exploration. The acquisition includes office buildings, seven oil and gas licenses - including in the Barents Sea, and 20 employees.
Eric Cayeux has been awarded the Statoil research prize 2012 for his work in automated drilling, which include scientific breakthroughs that will be of great importance to the offshore industry, according to the Norwegian oil company.
Genel Energy Group, led by former BP chief executive Tony Hayward, is reportedly interested in buying Norwegian oil company DNO and its Kurdish licences.
A second offshore development was pulled yesterday - as Chancellor George Osborne insisted his £10billion tax raid on the North Sea would not hurt investment.
