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Rapidly-growing North Sea producer Parkmead is to strengthen its grip on the Athena oil field after striking a deal to treble its stake in the find.

The company, launched by Dana Petroleum founder Tom Cross two years ago, will take a 20% interest in the Moray Firth licence which includes…

Russia’s state owned giant Gazprom has completed its move into the North Sea following an asset swap deal with Wintershall Holdings.

The world’s largest gas producer acquired 50% shares in Wintershall’s North Sea exploration and production company WINZ as part of a Master Agreement to exchange assets with the German…

Oil giant Shell is to start a sale of up to $30bn (£18bn) of assets next year after weak refining margins and oil theft in Nigeria caused a sharp fall in profits, it can be disclosed.

Assets on the chopping block include a $7bn stake in Woodside Petroleum, Australia’s second…

Mintra Training Portal Limited, a provider of learning and competency solutions for the oil and gas industry has secured a contract to deliver training management services to EnQuest’s UK employees. In the three- year deal, Mintra will deliver e-learning and classroom training for over 200 industry-critical courses to the…

Chevron North Sea Limited announced today that it has awarded a new £150 million contract to Dolphin Drilling Limited, a subsidiary of Fred. Olsen Energy ASA, for a 20 month multi-well drilling and completion program across several of Chevron’s operations in the U.K. sector of the North Sea.

The contract…