Latest news
Equinor spuds Verbier appraisal well
Equinor has started drilling operations on Verbier appraisal well in the UK North Sea using the semi-submersible rig West Phoenix.
read more... 04/03/2019
UK's main oil pipeline set for £500M upgrade
Ineos has announced a £500M investment to prolong the life of the UK’s main oil and gas pipeline.
read more... 01/03/2019
RockRose Energy buys Marathon Oil UK assets in £107m deal
RockRose Energy has signed a share purchase agreement to buy Marathon Oil UK’s (MOUK) assets as part of a deal worth £107 million.
read more... 26/02/2019
Verus Petroleum to be sold by Hitec Vision
The company is financially backed by upstream oil and gas private equity firm HitecVision, and is projected to sell for up to $500 million. Investment bank Jefferies will act as a mediator, according to Reuters.
read more... 25/02/2019
Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US
Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.
read more... 20/02/2019