Latest news
UK: Investment in North Sea oil industry hit by oil price collapse
Investment in U.K. North Sea oil and gas projects is expected to drop considerably by up to 4bn per year through to the end of 2018, as the collapse in oil prices forces the industry to cut back.
read more... 09/09/2015
Total might begin Bulgaria offshore drill in early 2016
French oil company Total declared on Monday it was on the way to begin drilling for oil and gas at an exploration location off Bulgaria's Black Sea coast early next year.
read more... 19/08/2015
Polish PGNiG to launch oil and gas exploration in Germany
Polish state-controlled oil and natural gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is expected to commence oil and gas explorations in eastern Germany, as part of a bigger plan to boost production assets outside Poland.
read more... 07/08/2015
BP focuses new investments on North Sea development
British oil giant BP aims to invest $1 billion (£640 million) developing key North Sea assets, at a time when other oil companies want to quit the ageing UK North Sea basin.
read more... 06/08/2015
OMV puts up for sale a 30% stake in UK North Sea Rosebank project
Austrian oil and gas company OMV envisage selling a 30% stake in the Rosebank oil and gas project in the British North Sea, as it aims cutting its budget to struggle with weakening oil prices.
read more... 30/07/2015