United Kingdom

BG Group and BP have agreed to exchange several UK North Sea assets in a move intended to strengthen the position of each company in its respective core asset area. With the oil... 2008-12-05

Sweden's Lundin has indicated its willingness to sell its 9.2% stake in Norway's Revus Energy to Germany's Wintershall, according to a press release by the German company.

A pre-budget report (PBR) by the British Chancellor of the Exchequer, Alastair Darling, contains provisions to reform the North Sea fiscal regime that have been welcomed by oil and... 2008-11-25

UK-based retailer J Sainsbury has posted financial results for the six months to October 4 at the top end of expectations. Despite the challenging economic conditions the firm delivered... 2008-11-13

The British government has awarded 171 new licences as part of its 25th offshore oil and gas licensing round that closed on May 22 2008. The licences, which cover 257 blocks in the... 2008-11-12

BG Group has announced a 140% year-on-year (y-o-y) increase in net profit in the third quarter of 2008 to GBP857mn (US$1.4bn) from GBP357mn in Q307. The results were underpinned... 2008-11-04

Anglo-Dutch major Royal Dutch Shell has reported a 22% increase in third quarter profits, driven by high crude oil prices and asset sales.

London-based major BP has reported strong Q308 financial results and has said it is well placed to cope with the financial crisis and falling oil prices. Net income increased by... 2008-10-28

Électricité de France (EdF) has acquired a majority stake in the Tors and Wenlock gas zones, located in the UK's sector of the North Sea.

Germany's Wintershall has announced that it has launched a US$740mn takeover bid for Norway's Revus Energy.