Apollo has agreed to acquire a majority stake in OEG Energy Group from Oaktree. The transaction implies a headline valuation of more than $1 billion for OEG, an offshore energy services business.

In EIA’s March 2025 Short-Term Energy Outlook, it forecasted that crude oil production in Alaska will increase by 16 000 bpd ...

An oil and gas engineering heavyweight has announced plans to cut jobs in Aberdeenshire as tax increases weigh on North Sea activity.

Each winner has demonstrated exceptional leadership and innovation that will undoubtedly inspire others', Graham Dallas, Chair of the Offshore Achievement Awards Committee, said.

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...

The knock-on effects of the Energy Profits Levy have seen spend delayed on decommissioning across the industry, which is ...

Oil is declining in the North Sea. What does the future hold for the basin and its communities? We spoke to experts.

KYARUSHESHA, Uganda — For its first 88 completed miles, the world’s most controversial oil pipeline system runs in a ...

Well-Safe Solutions is set to cut around 45 onshore positions, blaming the “knock-on effects” of the Energy Profits Levy. The ...

Dana Petroleum and Neo Energy had entered into a sales and purchase agreement in November 2023 for Neo’s acquisition of ...

DOZENS of employees at a company involved in the North Sea oil and gas industry face losing their jobs. Well-Safe Solutions, based in Aberdeen, employs around 400 people and is planning to axe ...