Two UK-headquartered and AIM-listed oil and gas companies – i3 Energy and Europa Oil & Gas – have inked a farm-in agreement (FIA) for a sub-area of UKCS Licence P.2358, containing the Serenity discovery in the UK North Sea.
UK oilfield services provider Wood Plc has revealed that its Chief Executive Officer (CEO), Robin Watson, is retiring from the role after seven years. The company is now beginning the process to appoint his successor.
Two U.S.-headquartered oilfield services giants – Halliburton and Baker Hughes – have revealed improvements in their first quarter 2022 financial performances on a year-on-year basis, anticipating further market improvements and favourable prices in the coming months.
The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the International Energy Agency’s forecast for gas demand this year.