A well drilled just 6 kilometers off the coast of Świnoujście in the Baltic Sea revealed reserves of 22 million tons of crude ...

Vaar Energi said it entered into an agreement with TechnipFMC for the delivery of subsea work linked to the development of ...

Equinor EQNR -1.85% and partners Var Energi VAR -0.75% and Inpex Idemitsu Norge will invest over $2 billion to develop the North Sea Fram Sor project. Fram Sor consists of four oil and gas fields ...

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to ...

Equinor and its partners made a final investment decision to spend more than 21B Norwegian crowns (~$2.1B) to develop the Fram Sor oil and gas project in the Norwegian North Sea.

Please try again later. Up to 7.5 billion barrels of oil and gas could still be produced from the North Sea, 3.2 billion more than current government estimates, a new report says.

The UK North Sea could still produce 7.5 billion barrels of oil equivalent oil and gas — almost double government estimates — and contribute to UK energy security by reducing dependence on ...

U.K. Energy Minister Michael Shanks said, “This new guidance offers clarity on the way forward for the North Sea oil and gas industry, following last year’s Supreme Court ruling”.

A new independent analysis commissioned by Offshore Energies UK (OEUK) from Westwood Global Energy Group has revealed that the UK has the potential to double its North Sea oil and gas production ...

THE Piper Alpha blaze remains to this day the world’s deadliest offshore disaster. The North Sea oil platform was engulfed by a fireball 120 miles off the coast of Aberdeen 37 years ago. The ...

The Ambalat Block spans 15,000 sq km in the Sulawesi Sea, just off Sabah’s coast. It is rich in oil and gas - estimated to hold between 62 million and 764 million barrels of oil, and 348 million to 40 ...

As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to block oil trade via the Strait of Hormuz.