UK Chancellor George Osborne has offered further tax relief for Britain’s oil and gas industry. The tax changes are expected to save the industry around $1.4b in the five financial years from 2016/2017 to 2020/2021.
Independent Oil and Gas (IOG), the North Sea focused oil and gas company, has signed a rig contract with Transocean Drilling procuring the Transocean John Shaw semi-submersible rig to drill an appraisal well on the S ...
The economy of Norway is a “train wreck in slow motion,” according to Svenska Handelsbanken AB, reported Bloomberg. Norway is western Europe’s largest oil producer, with hundreds of offshore platforms and fields in t ...
Dana Petroleum has confirmed that its flagship £1bn Western Isles oil field development in the North Sea will come on stream two years later than planned.
Oil traders may send a record amount of crude from the North Sea to South Korea this month, amid signs that refining rates in the Asian country are surging.