
Noreco reduces ownership in Xana licence
Norwegian Energy Company ASA is reducing its ownership in licence 9/95 on the Danish continental shelf from 20.1% to 16%.
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Norwegian Energy Company ASA is reducing its ownership in licence 9/95 on the Danish continental shelf from 20.1% to 16%.

Norway's Statoil handed back three out of its four Greenland offshore oil and gas exploration licenses.

BP is set to announce plans for significant job cuts to staff in its North Sea operations later today, according to several news reports.

The benefits of exporting crude oil from the US, in a nutshell, as presented by Ryan Lance, ConocoPhillips CEO and Chairman.

Total has started gas and condensate production from the West Franklin Phase 2 project in the Central Graben area of the UK North Sea.

External pressures on Russia’s oil and gas industry have compelled the country to seek partnerships with Asia-based companies.

Revised 2015 guidance: reducing costs while maintaining growth and balance sheet integrity.

Ryan Lance, CEO and Chairman of ConocoPhillips has spoken in favour of US exports of surplus crude oil.

New regulations on methane proposed by the Obama administration could disrupt America’s energy renaissance

Austrian energy group OMV wants to boost its oil output from Yemen by half if conditions allow.

Analysis from Frost & Sullivan finds that the market earned revenues of about US$10 billion in 2013 and estimates this to reach more than US$14 billion in 2020.

Williston Economic Development has launched the Enhanced Bakken Supply Chain Initiative to reduce costs and increase efficiencies for Bakken operators.