The permanent closure of Rough should act as the catalyst for the government to create an appropriate regulatory framework for gas storage, writes David Flanagan
UK-based integrated player Centrica will continue the reshaping of northern Europe’s upstream sector by placing its E&P assets into a joint venture (JV) with German-owned Bayerngas Norge.
French construction equipment maker Altrad Investment Authority has agreed to acquire UK oil services company Cape for around GBP332.2 million (US$429 2 million) in a deal that has been...
Norway’s government has won the latest battle in a long-running row over tariffs for transporting gas through offshore pipelines.
AP Moller-Maersk has reportedly invited banks to formulate proposals for the IPO of Maersk Oil under a separate listing from its three other energy businesses.
Centrica has announced plans to shut the Rough gas storage facility in the UK permanently.
Spain and Portugal intend to introduce a common secondary exchange for gas trades in a move that would help improve liquidity for Iberian markets currently dominated by long-term wholesale...
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.