As the country’s referendum on independence nears, polls show Scots remain divided on the issue.

The overriding topic for discussion at ONS 2014 was cost reduction. 

N-56 report said industry and government must develop a plan that is pragmatic, has a global focus and is designed to capitalize on Scotland’s natural advantages.

Other barriers also must be overcome to reach commercial production, analysts say.

San Leon Energy plans to drill a horizontal well that, if successful, could lead to commercial production.


Marathon Oil Corp. has closed the transaction with Det norske oljeselskap ASA for the sale of Marathon Oil Norge AS for a total transaction value of $2.7 billion.

Exploration well 7220/11-1 on the Alta prospect in the Barents Sea has been completed and has encountered both oil and gas.


Maersk, operator of the Culzean development in the North Sea, has awarded a contract for the engineering, procurement and construction of the project’s WHP jacket to Heerema Hartlepool Ltd.

​Afren Plc, a U.K. oil and gas explorer, fired CEO Osman Shahenshah and COO Shahid Ullah for “gross misconduct” following an investigation into unauthorized payments.

Houlder Americas has been named the Small International Business of the Year at the fifth annual BABC International Business Awards.

International energy consultancy Xodus Group has launched a global subsea engineering company in partnership with major oil and gas contractor Saipem and midstream and downstream oil and gas giant Chiyoda Corp., a news release said.