Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
Independent oil and gas explorer Trap Oil said yesterday it was abandoning the North Sea Scotney exploration well as dry.
Trap Oil Group said yesterday it was on the brink of finally becoming recognised as an operator in the UK North Sea.
North-east oil explorer Eland Oil and Gas reported losses in its first set of interim accounts as a listed company.
North Sea oil and gas explorer Valiant Petroleum said today it was looking at a possible sale of the business.
Global rig operator Transocean has set aside a further £483million to cover costs in the wake of the 2010 Gulf of Mexico disaster, it revealed yesterday.
Oil and gas service firm Tercel Oilfield Products UK slid into the red last year despite an increase in turnover.
Aberdeen-based offshore accommodation specialist Consafe Engineering Services collapsed with debts of more than £4million, it emerged yesterday.
Antrim Energy said yesterday it would sell its Argentina business to focus on its UK operations.
Cameroon-focused Scottish oil and gas explorer Bowleven said yesterday production could start at its west African discoveries in 2015.
US firm Rock Solid Images (RSI), formerly Aberdeen-based Offshore Hydrocarbon Mapping, said today it had made a promising start to 2012.
ABERDEEN firm Hydrasun said yesterday it was to create up to 100 jobs over the coming year amid growing demand for its specialist oilfield services.
ASCO has risen from humble beginnings in a small warehouse in the Granite City to a company with turnover of £516million.
SSE fell into the red during the six months to September 30, figures from the Perth-based energy supplier showed yesterday.
The board of Rock Solid Images (RSI) said the Aberdeen company could be sold after a strategic review of the business.
Edinburgh-based oil and gas explorer Bowleven has said it is more convinced than ever of the potential of its west African fields.
BP boss Bob Dudley said today the oil giant had reached a clear turning point after announcing quarterly pre-tax profits of more than £4.5billion.
Faroe Petroleum, of Aberdeen, said yesterday it was confident about the year ahead despite reporting pre-tax losses of £26million in 2010.
British explorer Desire Petroleum said yesterday it looked forward to resuming drilling off the Falklands in the third quarter.
Aberdeen-based Offshore Hydrocarbon Mapping (OHM) saw its shares more than double in value yesterday after it unveiled a major investment in the firm.
SERICA Energy said yesterday that, after focusing on achieving first gas and oil from its Kambuna field in Indonesia, the excitement in the next 12 months would come from its plans to drill the Conan and Oates prospects in the UK and up to five wells in south-east Asia.
Nautical Petroleum, which focuses on the development of heavy-oil assets in the UK and Europe, said yesterday it was not too concerned about falling oil prices, although heavy oil was typically more expensive to produce than conventional resources.