KUALA LUMPUR: Hibiscus Petroleum Bhd is buying a 50% stake in two oil and gas blocks in the North Sea for US$37.5mil (RM156mil) from Caldera Petroleum (UK) Ltd. It said on Tuesday its unit ...

North Sea oil fields could produce an extra 2bn to 3bn barrels and boost growth if licences are approved, oil groups claim ...

Premier Oil announced on Tuesday that shareholders voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which ...

DNO, a Norwegian oil and gas operator, has reported an oil and gas discovery in the northern North Sea licence PL1182 S, ...

Britain's decision to issue more than two dozen oil and gas exploration licences was challenged at London's High Court on ...

Britain first discovered gas in the North sea in 1965. Oil finds soon followed and by the early 1980s the UK was exporting more oil than it imported. Aberdeen became the oil capital of Europe and ...

DNO ASA, the Norwegian oil and gas operator, today announced an important oil and gas discovery in Northern North Sea license ...

The UK government needs to replace the current windfall tax on North Sea oil and gas operations as soon as practically possible and not wait until the sunset clause of the tax regime expires in ...

Investment in the UK's North Sea oil and gas sector has significantly exceeded previous projections. The production outlook has been slightly revised upwards, challenging the "sunset industry ...

Labour's Net Zero drive is leaving the UK at greater risk of power blackouts because it is 'squeezing the life' out of the North Sea oil and gas industry, Sir Jim Ratcliffe has warned. The ...