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Scotland’s draft energy strategy, the 33rd UK offshore oil and gas licensing round, and company drilling and activity plans were the spotlight in the UK North Sea oil and gas industry in the past month.
Technip Energies, a leading engineering and technology company for the energy transition, has secured a large project management consultancy contract from Kuwait Oil Company (KOC).
THREE60 Energy is beginning 2023 with strong growth following its acquisition of Fraser Well Management, a well and pipeline operator and well management specialist.
Mergers involving UK oil and gas supply chain services may face heightened regulatory scrutiny as a result of the CMA's particular interest in highly concentrated markets.
The OPEC+ group left their target production level unchanged amid many uncertainties in the oil market, OPEC didn’t make material changes in its estimates of global oil demand growth, while the biggest oil and gas firms in the Middle East made major announcements and signed landmark deals in December.