Norwegian oil company DNO has agreed to buy rival Sval Energi from private equity group HitecVision in a deal valued at $1.6 ...

THE UK government looks set to follow through on its manifesto promise to ban new oil and gas exploration in the North Sea – though it has left the door open for existing fields to be extended.

The UK government has announced that the windfall tax on profits made by energy firms in the North Sea will end in 2030. The ...

DNO plans to finance the acquisition with existing cash, debt financing facilities, new bond and reserve-based lending debt, ...

Facing declining domestic production, energy security concerns, and industry pushback, the UK government is adjusting its ...

Industry minister Sarah Jones pledged a ‘well-managed, orderly and prosperous transition’ away from oil and gas.

Orcadian acquired Halo Offshore UK, a subsidiary of a North Sea focused developer that went into liquidation two years ago, ...

The Department for Energy Security and Net-Zero (DESNZ) is seeking expert guidance on how to support workers and maximise ...

The consultation will set out the next steps for the government’s strategy to transition away from fossil fuels ...

The deal is expected to boost DNO’s North Sea production to 80,000 boe/d and offers the operator interests in hubs and existing tiebacks for potential development of recent ...

A suezmax shuttle tanker has become the first vessel to lift a crude oil cargo from a new export project north of Norway. AIS ...