oil

These projects are expected to produce 2.6 billion barrels of oil

The firm also announced other targets, which it says are concrete, measurable and intended to be met over ten years

The energy giants have committed to exploring areas of mutual interest in the upstream, downstream, trading and low carbon sectors

An oil and gas services company has secured a $5.5 million (£3.8m) contract with energy giant Repsol. The deal will see Proserv upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. It says the life of the existing equipment will be extended significantly beyond its original […]

The energy giant currently has a total of 1,300 onshore and offshore staff and contractors in the country

The government said it will not revoke any existing exploration contracts

More than 400 fields in the North Sea alone are expected to cease production by 2026

The nation plans to grow oil production to around 4.9 million barrels per day by 2021

A new report says these deposits can cause production losses of up to 20%

The report claims the bulk of businesses in the sector are instead reliant on their supply chain for innovations