ExxonMobil to take biggest writedown in modern history
ExxonMobil is about to incur the biggest writedown in its modern history as what was once an exemplar of American capitalist might shudders under the weight of debilitated energy markets.
ExxonMobil is about to incur the biggest writedown in its modern history as what was once an exemplar of American capitalist might shudders under the weight of debilitated energy markets.
Iman Hill, an industry veteran of 30 years, has replaced Gordon Ballard as executive director of the International Association of Oil and Gas Producers (IOGP).
SBM Offshore is seeking clarity from the Swiss Federal Prosecutor after it brought fresh suspicions of corruption against the Dutch contractor.
A planned farm-out of the Premier Oil Sea Lion project in the Falklands has gone into extra time due to the firm's mega-merger with Chrysaor.
Borr Drilling has taken a 30% knock to its revenues after a series of cancellations and delays to contracts by oil and gas operators.
CNOOC, China’s third-biggest oil company faces a US blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters.
Oil dropped below $45 a barrel as a consensus within OPEC+ to postpone an output hike planned for January remained elusive ahead of a meeting of the cartel’s power brokers later on Monday.
One of Scotland’s most experienced energy industry dispute resolution lawyers, Malcolm Gunnyeon, is looking forward to taking part in a discussion of one of his pet topics in a prestigious online event next month.
The UK Government’s upcoming energy white paper should give “serious consideration” to a proposed £100m decommissioning loan fund, according to a petroleum economist.
The Office for Budget Responsibility (OBR) has cut its forecast for North Sea oil tax receipts to the UK Treasury.
Key questions on oil decommissioning and its impact on the marine environment could take “years to answer” according to a leading researcher.
The North Sea boss of EnQuest has said the firm is “very interested” in a joint-operator decommissioning approach, but “someone needs to take the lead”.
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
The total amount expected to be spent on decommissioning oil fields in the West of Shetland this decade has surged above £1billion.
More than half of the estimated £50bn investment for the UK government’s offshore wind plan is expected to go to overseas companies.
With COP26 less than a year away, an intergenerational climate emergency requires intergenerational action. We have over 1,000 young energy experts that can help shape the climate debate, writes the Energy Institute’s Sinead Obeng AMEI
Taqa has taken a £339million write-down in the value of its North Sea assets as a result of Covid-19 and the oil downturn.
Crown Estate Scotland is tendering a £40,000 contract for a study into whether oil platforms can be reused to produce hydrogen.
Seadrill has bagged £39million worth of new contracts but confirmed plans to press on with scrapping a number of rigs in its fleet.
The CEO of Brewdog has entered into a public spat with BP over its carbon emissions, comparing the energy giant to “Darth Vader”.
Greenpeace has been told that its activism in the North Sea crossed "the line” and “put lives at risk”, during the inaugural ETIDEX event from Energy Voice.
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
The number of bankruptcies in the energy sector rose during the third quarter as the coronavirus pandemic continued to take its toll on the oil and gas industry.
The Health and Safety Executive (HSE) has criticised Chrysaor after failing to maintain the launching system for its only lifeboat on board the Jade platform.
Scottish start-up Mocean Energy has raised £850,000 for a new technology to bring wave power to subsea oil and gas.