Drilling under way
Aberdeen-based oil firm Dana Petroleum has started drilling the Magnolia prospect in the Moray Firth.
oil firm
Bridge Energy explorer of the year
Oil firm Bridge Energy has won an explorer of the year award at a Norwegian industry event.
Hess extends rig hire deal
US oil firm Hess is to extend a deal with drilling company Awilco for the use of its WilHunter semisubmersible rig for work in the North Sea, increasing the contact value by about £134million.
Sterling in bond fundraiser
North Sea oil firm Sterling Resources aims to raise nearly £160million through a bond issue to cover the cost of a delayed project.
Bridge Energy takes explorer’s award
Oil firm Bridge Energy has won an explorer of the year award at a Norwegian industry event.
Nexen gets go-ahead for North Sea development
Oil firm Nexen said yesterday that it had received approval from the Department of Energy and Climate Change to develop the Solitaire oil field about 43 miles north-east of Aberdeen in the central North Sea.
Taqa lines up banks for bond fundraising
North Sea oil firm Taqa has hired five banks to arrange investor meetings ahead of a potential "benchmark" bond sale, according to the banks.
ConocoPhillips in UK pledge
ConocoPhillips aims to build three offshore platforms in the east Irish Sea, the US oil firm said in Aberdeen yesterday.
Industry pay rises as high as 20%
Salaries in the oil and gas sector have been rising between 5-12%, according to the survey - outstripping a 1.5% national average across all industries.
Apache hits production record
US oil firm Apache said yesterday it had hit record production thanks to high rig counts and new facilities in its North American business.
Premier to take 50% in Badger prospect
Oil firm North Sea Energy (NSE) said today Premier Oil was to take a 50% stake in a UK offshore exploration licence containing the Badger prospect.
Taqa reaches milestones
Oil firm Taqa Bratani yesterday marked two milestones in the North Sea after buying into the basin just five years ago.
Noble Energy steps into Falklands
Interest in Falkland Islands oil exploration rose today after US oil firm Noble Energy agreed a deal to take control of licenses from explorer Falklands Oil and Gas.
Shares in oil firm Ithaca take plunge
Shares in North Sea oil firm Ithaca Energy slumped more than 30% yesterday after it said talks with potential buyers had ended without any deal.
North Sea oil company sets deadline for bids
North Sea oil firm Ithaca Energy said today it was still in talks with potential buyers and had set a bid deadline.
Ithaca sets deadline for bids
North Sea oil firm Ithaca Energy said today it was still in talks with potential buyers and had set a bid deadline.
Taqa boosts interest in Cladhan find
Oil firm Taqa Bratani has boosted its stake in the North Sea Cladhan field to nearly 27% in two deals worth around £55million.
Ithaca Energy lifted by growing takeover interest
Shares in North Sea oil firm Ithaca Energy jumped through the £2 mark yesterday after it revealed it had received unsolicited interest in the business from a number of third parties.
Centrica ups stake in Fogelberg
Centrica's Norwegian upstream business is to up its stake in its Fogelberg discovery after agreeing a £44million deal with oil firm North Energy.
Norway offers out 60 licences
Norway's Petroleum Directorate (NPD) today offered out 60 new exploration licences on the Norwegian Continental Shelf.
Total’s Libyan oil output set to rebound
OIL firm Total said yesterday its production in Libya could return to the level of output it achieved before the country's civil war by next month.
DEO on track with Perth project
ABERDEEN oil firm DEO Petroleum said yesterday it was on track to start production in the North Sea Perth field in 2014.
Tullow hopeful of hitting plateau on Jubilee
UK-listed oil firm Tullow said today it hoped production from its Jubilee oil field off Ghana would reach 120,000 barrels per day by "early next year".
Sinopec is Brazilian favourite
China's Sinopec has been named as the favourite to buy part of UK oil firm BG Group's stake in some of Brazil's most promising offshore oil areas.
Fairfield in talks over North Sea project finance
Aberdeen oil firm Fairfield Energy said yesterday it was in talks with a potential new investor which could add to the £354million it had already raised.