Korea's National Oil Corporation won't raise its offer to buy out UK independent Dana Petroleum according to a national newspaper.

North Sea operator Valiant Petroleum racked up US $64.5 m of revenue in the first half this year  and pulled in higher pre-tax profits.

Shareholders in Dana Petroleum were being sent a letter today from the company's board unanimously urging them to reject the takeover offer from KNOC.

Battling Dana Petroleum still under the threat of takeover from Korea's KNOC has signalled it is to buy out Suncor's interests in certain UK North Sea assets for £240 million (US $372 m) in cash.

BW Offshore has settled claims related to a terminated deal for the Basker Manta Gummy project.

Offshore riser and conductor design specialist 2H Offshore has decided to aim for further growth in the Australian offshore energy sector by opening a new office in Perth.

Lundin has signed a Sale and Purchase Agreement with Singaporean-listed RH Petrogas to sell its non-operated interests in the Salawati Basin and Island assets, located in the eastern part of Indonesia.    

Energy consultant ClerkMaxwell in Aberdeen has boosted its office space in the Scottish oil capital in the expectation of more business.

Maersk in the UK North Sea has a new new managing director who has promised to build a long term business in the sector.

Bristow Norway won a helicopter tender worth two billion kroner.

Korea's KNOC has given an unequivocal response to Dana Petroleum's results statement today saying it won't increase its takeover offer.

Dana Petroleum chief executive Tom Cross says his company has delivered in the first six months of 2010 with interim profits which will beat last year's figures and a big growth in reserves from successful drilling.

A profile of KNOC head Kang Young-won published in a South Korean newspaper indicates what kind of character British-based Dana Petroleum is up against while it tries to fight a hostile take over.

Shareholders in Aberdeen-headquartered Dana Petroleum have been advised to take no action over the publication of an offer document which has just been posted by bidder KNOC.

Stratic Energy has outlined the deal which will see it bought out by newly formed North Sea player EnQuest.

Energy services group Senergy has appointed a new leader for its Norwegian operations.

Buyout bidder KNOC has moved to clarify is position regarding its intention to take over Dana Petroleum after “press speculation” saying it does not intend to increase its offer.

One of Britain's national newspapers has reported that the Korean National Oil Company aims to crank up the pressure in its hostile bid to buy independent Dana Petroleum this week.

There is a large number of maintenance tasks outstanding at the Hammerfest LNG, the Petroleum Safety Authority Norway found.

The Oslo-listed Interoil Exploration and Production hopes to get 300-450 million kroner in an equity issue.

British and Middle East based oil and gas services group Petrofac reported a 34% rise in revenue for the six months to June this year.

Helge Lund says Statoil has to consider whether it's green commitment is generating sufficient profit, or whether the company has to return to being an oil and gas company.

As the bidding battle for the takeover of UK independent Dana Petroleum continued today KNOC was said to be waiting for shareholder's response to its hostile £1.67 Bn (US $2.6 Bn) offer to buy out the Aberdeen-based exploration and production company.

KNOC launches rejected offer to Dana's shareholders after buyout talks stalled.

A green light has been given for a bio-ethanol at Esso Norge's refinery at Slagentangen.

Technip said today it has agreed to collaborate with two Petronas subsidiaries.

"A broader and more global business portfolio is an important driver for the changes we make, " says CEO Helge Lund.

The Norwegian energy company has decided to prioritise five growth areas, divest its solar power business and make organisational changes.