UK-based petrochemicals group Ineos has continued its aggressive expansion into the North Sea this year after agreeing to acquire Dong Energy’s oil and gas business for up to US$1.3 billion.
Neptune Energy, a private equity-backed start-up, is poised to become one of Europe’s biggest independent E&P players by purchasing a 70% stake in Engie’s Exploration & Production...
Hurricane Energy was given a boost this week when an independent report confirmed the company’s own estimate that its Lancaster find holds over 500 million barrels of recoverable oil.
Chevron has accelerated the tendering process for its new FPSO at the Rosebank development West of Shetlands (WoS) ahead of a final investment decision (FID) anticipated in 2019.
Gazprom’s controversial Nord Stream 2 pipeline jumped a major hurdle this week as five European energy companies agreed to provide financing for the project.
Hurricane Energy has trebled its recoverable resource estimate for the basement Lancaster discovery West of Shetland (WoS) following a successful 2016 drilling campaign.
Ineos has agreed to pay up to US$250 million for BP’s Forties Pipeline System (FPS) and associated Kinneil Terminal in the UK North Sea.
ExxonMobil has agreed to sell the majority of its Norwegian exploration and production portfolio to oil company Point Resources, which is backed by private equity firm HitecVision.
An Italian government source has reportedly dismissed local media speculation suggesting Rome would offload its 4.3% stake in Eni as part of efforts to reduce Italy’s national debt.
Wood Group has launched a bid to take over fellow oilfield services firm AMEC Foster Wheeler in a move that could save the merged group GBP110 million (US$134 million) per year in costs.
Italy’s Eni on March 7 announced it had finalised a farm-in agreement with Total to acquire a 50% interest in Block 11 in the Cyprus offshore exclusive economic zone (EEZ).
Norway’s oil companies appear to be regaining a little of their verve. Statistics Norway indicated last week that companies in the oil and gas sector would invest slightly more in 2017 than...
Toronto-listed Pennine Petroleum has made its foray into Albania with the signing of a production-sharing agreement (PSA) for a block in the south of the country.
Royal Dutch Shell has marked a milestone for the offshore UK North Sea after filing the decommissioning programme for Brent oilfield to the UK government.