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Crude Oil
Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence
Storage tanks at the Port of Rotterdam in Rotterdam, Netherlands.Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to str…
Oil&Gas Drilling
BP Books Singapore Firm for Another Gulf of America-Bound Floating Production Unit
Rendering of BP's Kaskida offshore platform in the Gulf of MexicoSingapore-headquartered provider of offshore, marine, and energy solutions Seatrium has sec…
Oil Field
Shell Starts Production From Penguins FPSO in UK North Sea
Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility (Shell 50%, …
United Kingdom
BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
The company has stopped or paused 30 projects since last June.BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 c…
Crude Oil
SLB Awarded Multi-Region Deepwater Contracts by Shell to Support Capital-Efficient Energy Development
Global energy technology company SLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its d…
Crude Oil
UK’s Serica Energy Restarts Production at Triton Vessel
UK's Serica Energy (SQZ.L), opens new tab said on Tuesday that its Triton floating production storage and offloading (FPSO) vessel in the North Sea resumed …
Hydrogen Storage
UKOG Secures Funding for Strategic Hydrogen Storage Site in East Yorkshire
UK Oil & Gas (UKOG) has raised £500,000 ($632,000) from investors to purchase land in East Yorkshire for a salt cavern hydrogen storage site.UKOG has stat…
Floating Offshore Wind
UK oil & gas operator eyeing seatwirl floating wind tech to decarbonise offshore production
Swedish floating wind turbine developer SeaTwirl has signed a memorandum of understanding (MoU) with UK-based oil and gas operator Serica Energy, under which th…
Oil & Gas Trade
Iraq and BP Plan to Develop Kirkuk Oil and Gas Fields, Iraqi PM’s Office Says
Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsIraq has signe…
Oil & Gas Trade
Seal of Approval for UK Oil & Gas Firm to Expand Its Stake in Angolan Offshore Blocks
UK-headquartered and AIM-listed company Afentra plc – through its wholly-owned subsidiary, Afentra (Angola) Ltd – has received the Angolan governmen…
Oil & Gas Trade
Sunak Backs New UK Oil and Gas Exploration
LONDON, July 29, 2023 (BSS/AFP) - Prime Minister Rishi Sunak has backed plans to permit new fossil fuel exploration off Britain's coast, as he pledged to be…
Oil Exploration
With Delays Out of the Way, UK Oil & Gas Firm Enters Angola
UK-headquartered and AIM-listed company Afentra plc has completed the acquisition of interests in two blocks offshore Angola from Croatia’s INA-Industrija…
Oil Exploration
UK Oil & Gas Operators Facing ‘Biggest Offshore Stoppage in a Generation,’ as Offshore Workers Down Tools
With the wave of industrial action gathering momentum, the UK’s Unite the union has confirmed that 1,300 offshore workers will embark on a historic 48-hou…
Oil & Gas Trade
UK Oil & Gas Firm Bolsters Its Position by Taking Sole Ownership of Tunisian Business
London-based independent E&P company Panoro Energy has entered into a definitive agreement with Beender Tunisia Petroleum Limited (Beender) to acquire its 40 pe…
Crude Oil
UK Oil & Gas Firm Gets More Time for Acquisition of North Sea Discovery
UK-headquartered oil and gas company Quattro Energy Limited has experienced a delay in the acquisition of United Oil & Gas’ license in the Central North S…
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