north sea oil

By Dmitry Zhdannikov and Ron Bousso LONDON, Dec 6 (Reuters) – North Sea producers BP, Equinor and Ithaca Energy on Tuesday signed an agreement to

By Laura Hurst (Bloomberg) –Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history. The government was focused

By Alex Longley (Bloomberg) — A planned overhaul of how the world’s most important benchmark crude price is calculated has caused a surge in trading

By Nerijus Adomaitis OSLO, April 10 (Reuters) – The operator of the Mariner heavy oil field, one of Britain’s largest offshore developments in

By Kelly Gilblom (Bloomberg) — Royal Dutch Shell Plc made one of its biggest commitments to the North Sea in 30 years, with plans to redevelop the

LONDON, Dec 27 (Reuters) – Britain’s biggest and most important oil pipeline, Forties, was ramping up throughput after repairs and was currently

By Mikael Holter (Bloomberg) — Oil explorers are neglecting their old hunting grounds in the North Sea, threatening to deepen an expected slump in

By Rakteem Katakey (Bloomberg) — Europe’s biggest energy companies have a message for the aging U.K. North Sea oil industry: We may be selling assets,

By Abigail Morris (Bloomberg) — The U.K. North Sea is on track for the biggest year of oil and gas field startups in a decade, continuing the aging

By Erik Matzen COPENHAGEN, March 7 (Reuters) – Oil and shipping conglomerate A.P Moller-Maersk could land a deal with the Danish government on oil and

By Laura Hurst and Brian Wingfield (Bloomberg) — A glut of North Sea oil that’s helped depress global prices and heap pressure on OPEC is poised

By Ron Bousso LONDON, Sept 14 (Reuters) – Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three North Sea

The International Transport Workers Federation is slamming offshore oil companies operating in North Sea after a report claimed that many are using

By Ilze Filks and Gwladys Fouche OSLO, July 27 (Reuters) – Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the

By Angelina Rascouet (Bloomberg) — The cost of dismantling oil production facilities in the U.K. North Sea over the next decade will be higher than

  Offshore contractor Subsea 7 says it has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the

  COPENHAGEN, Aug 31 (Reuters) – Maersk Oil has received approval by the UK’s Oil & Gas Authority to develop the largest gas field

  By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is actively searching for North Sea oil acquisitions as the drop in energy prices

Norwegian offshore oil rig workers signed a new wage deal on Thursday, avoiding a strike that could have cut energy production, labour unions

  Two-thirds of North Sea oil and gas industry operators (67 percent) have been forced to cancel projects because of the recent fall in oil price,