PGNiG Upstream has signed an agreement with A/S Norske Shell to acquire two gas producing fields in the North Sea, meaning production will increase by nearly 30% above the previous forecast.
Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition.
British oilfield service provider, Petrofac, has been awarded a multi-million dollar Integrated Services Contract by Ithaca Energy to renew its contract in the North Sea.
Italian multinational oilfield services company Saipem will restart drilling activities in Norwegian waters following the postponement of activities due to the COVID-19 pandemic.
Equinor has awarded APPLY a framework agreement for engineering and installation services on the North Sea Statfjord field.
The Dutch company, Heerema Marine Contractors, were awarded a contract from HSM Offshore for the transportation and installation of Dana Petroleum's P11-Unity platform.
Oman's Petrogas and HitecVision are set to acquire Total’s North Sea oilfields in the UK for $635 million.
The US Office of Foreign Assets Control (OFAC) has issued a waiver that will allow the bypassing of US sanctions placed on the Rhum gas field in the UK’s North Sea, which is 50% owned by the National Iranian Oil C ...
