Plans to build a new $220 million (£138.

Canadian energy producers are giving up hoping for a big rebound in oil prices, preparing instead to embark on a course of belated hedging if crude prices edge just a few dollars higher.

Oil field work was coming in fast when GoFrac doubled its workforce and equipment fleet at the beginning of last year, just one of hundreds of small oil service companies thriving on the revival of U.

Aberdeenshire council has approved plans for the onshore element of the proposed Carbon Capture and Storage facility which aims to pump millions of tonnes of C02 out into depleted North Sea gas wellsShell and energy firm SSE are in the running for UK government funding to develop a commercial scheme.

Dolphin Drilling Ltd, a subsidiary of Fred.

Eni Norge has reported that final preparation of the Goliat platform, the circular floating, production, storage and offloading (FPSO) vessel is well under way in the Barents Sea.

Forty years ago today, after a frenzy of exploration and something of a race to be first, first oil was produced from the UK North Sea.

Two months after its last estimate, and a fortnight after a big forecast from oilfield services heavyweight Schlumberger, Nutech has upgraded predictions for the Horse Hill-1 well near Gatwick Airport.

Strike action by oil and gas workers has been averted after Unite and GMB reached a new deal with employers.

Giant Kashagan oil field in the Caspian Sea offshore Kazakhstan should resume production by 2017.