Edition:
United Kingdom

Shadia Nasralla

Norway's Aker bets on software engineers for its oil business

19 Sep 2018

STAVANGER, Norway When the owners of Norwegian oil firm Aker BP decided to digitize its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.

EnQuest aborted sales talks for Kraken stake due to debt deadline: sources

12 Sep 2018

LONDON EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.

EnQuest aborted sales talks for Kraken stake due to debt deadline - sources

12 Sep 2018

LONDON EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.

Gulf Keystone to resume spending to boost Shaikan oil output

10 Sep 2018

Gulf Keystone Petroleum Ltd is resuming spending on the Shaikan oilfield in the Iraqi region of Kurdistan, the British-listed oil producer said on Monday, while reporting record profit for the first half led by higher output and crude prices.

EnQuest to issue discounted shares to buy Magnus oilfield

07 Sep 2018

LONDON UK-focused oil company EnQuest is offering new discounted shares to buy out the Magnus oilfield and has borrowed money against 15 percent of its Kraken field as it seeks to reduce its debt pile of almost $2 billion.

Spirit buys into Hurricane Energy North Sea fractured oilfield

03 Sep 2018

LONDON Spirit Energy, backed by Centrica , has agreed to invest almost $400 million (£310.4 million) in exchange for 50 percent of Hurricane Energy's Greater Warwick Area (GWA) North Sea oil project, Hurricane said on Monday.

RPT-ANALYSIS-Tug of war for oil sector looking to feast after famine

30 Aug 2018

* GRAPHIC: Boom and bust oil services: https://tmsnrt.rs/2N4DlU0

Tug of war for oil sector looking to feast after famine

29 Aug 2018

STAVANGER, Norway After years of restraint since crude prices slumped in 2014, oil services companies are now at loggerheads with producers as they battle for what they see as a fair share of the sector recovery.

Tug of war for oil sector looking to feast after famine

29 Aug 2018

STAVANGER, Norway After years of restraint since crude prices slumped in 2014, oil services companies are now at loggerheads with producers as they battle for what they see as a fair share of the sector recovery.

Total chief executive drives an electric car, but only on weekends

27 Aug 2018

STAVANGER, Norway The chief executive of French oil and gas giant Total said on Monday that he and his wife drive an electric car - but when it comes to business, he relies on fossil fuels.

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