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

Operator Ithaca Energy has confirmed contracts with a Norwegian supplier for a new UK FPSO and a drilling contractor for its North Sea Athena development. Internationalaward

North Sea industry group Oil and Gas UK has promised to learn any lessons from the report published by BP on the Deepwater Horizon disaster in the US Gulf of Mexico

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.

A report by the UK's Health and Safety Executive on Transocean's operations in the North Sea earlier this year cleared the company of regulatory safety infringements.

A senior executive of drilling giant Transocean has told a UK government committee that there was no bullying taking place on its North Sea rigs.

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.

North Sea exploration observer Hannon Westwood says the level of drilling on the UKCS so far this year points to the highest level of activity for 13 years.

Samir Brikho, chief executive of global energy services group Amec has been named as the chairman of the SPE Offshore Europe conference and exhibition in Aberdeen next year.

Oslo-listed Bridge Energy says it is preparing to re-start production from its Victoria gas field in the UK North Sea next month after a £2.5 million repair to an umbilical which has been severed.

Energy specialist McNulty Offshore has helped to secure 150 jobs in a £2.3 million deal with a neighbouring firm in the UK Northeast.

Shell and partner ExxonMobil have put up for sale a stake in the UK Southern North Sea Corvette field as possible gas storage site.

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.

Norway-based renewable energy group Hammerfest Strøm has selected Scotland's Burntisland Fabrications to construct a support manifold for a new tidal generator.

BG Group has agreed a deal with long-time Kazakhstan partner KazMunaiGas to bring it into the North Sea.

New brownfield engineering work has been landed by Wood Group in the North Sea to assist BP with topsides modifications as part of further development of the Andrew field area.

Germany's Bayerngas has signalled plans to start developing the Clipper South field through a UK subsidiary after an equity deal.

City commentator Evolution Securities has repeated speculation that the UK Cladhan discovery which is undergoing further appraisal could contain between 100 and 200 mbbl of oil.

North Sea player Endeavour International as signed an agreement to sell its stake in the UK Southern North Sea Cygnus gas discovery to Bayerngas UK for US $110 million.

Drilling has kicked off on the Viola North prospect in the UK North Sea Valiant Petroleum has revealed.

Further drilling on the UK Cladhan discovery has confirmed a major find after initial appraisal results.

Britain's Department for Energy and Climate Change has outlined a new offshore market opportunity for the storage of CO2.

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

British offshore oil production continued its downward trend to the end of 2009 new official government figures show.

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.

British-based Premier Oil has outlined a raft of new exploration drilling in the North Sea and elsewhere which will target up to 300 m bbl of reserves.