News Archive for: March 2014

EnQuest’s revenues rose to $961.2m in the year to the end of December – up 8.1% on last time. Production increased by 6.2% to 24,222 barrels of oil equivalent per day during the period.

Gross profits fell by 2.8% to $428.9m and earnings before interest, tax, depreciation and amortisation fell…

Marathon Oil said Monday it will begin accepting bids for its North Sea businesses in the second quarter, as the energy producer moves forward with an effort to reshape its portfolio.

The Houston-based company will also expand its share buyback program by $500 million, bringing the total to $1.5 billion….

North Sea oil development will be boosted on Friday with two major offshore projects expected to move ahead following the incentives for drillers offered in the Budget.

Danny Alexander, Chief Secretary to the Treasury, will say that the new Budget measures will “lead to billions of pounds of new investment”…

The UK Government appears to have learnt from its previous mistakes in that there are fortunately no surprises for the oil & gas sector in the budget announced today.

As a follow on from recent activity, the main item of focus is the UK Government’s commitment to working together with…

BP’s return to the Gulf of Mexico for the first time in two years may not yield any new oil production until the middle of the next decade, it has emerged.

The owner of the deep-water Macondo well that spewed millions of barrels of crude into the Gulf of Mexico…