UK-based Ithaca Energy, the operator of the Captain field located on the edge of the outer Moray Firth, UK, has sanctioned Captain Enhanced Oil Recovery (EOR) Stage 2 project.

Oilfield and drilling services provider Archer has won a long-term frame agreement with ConocoPhillips for work offshore Norway.

Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic.

Wood, an energy industry consulting and engineering company, has secured a new contract with oil company TAQA to provide integrated facility services across the TAQA's North Sea assets.

BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a "very strong" quarter.

Norwegian shipbuilder VARD has won contracts to build three Service Operation Vessels (SOVs) for the UK-based North Star Renewables. The vessels, to be built in Vietnam, will operate on the Dogger Bank Wind Farm in the North Sea, the world's largest.

Europe's biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the high cost of producing energy from the sun and wind and instead stuck with coal and oil.

CGG has been awarded three major seismic imaging projects by BP, two from the deepwater Gulf of Mexico and one from offshore Trinidad & Tobago. These projects will start in Q1/Q2 this year and complete with cloud delivery of the data no later than Q4 of 2021.

Israel's Delek Group on Wednesday reported a record profit in the fourth quarter on strong revenue and a boost in the value of its North Sea unit Ithaca.

The merger of Chrysaor and Premier Oil is due to complete on Wednesday, creating Harbour Energy, the UK North Sea's biggest oil and gas producer, which will replace Premier's stock exchange listing from Thursday, Premier said