The latest shale drilling boom is driving unemployment to the lowest levels in years in many of the areas that encompass the Permian Basin, a 17-county region that spans West Texas and eastern New Mexico, according to data compiled by the Permian Basin Regional Planning Commission, a cross-border coalition geared toward diversifying the region’s economy.
Africa-focused oil firm Bowleven has posted its first set of first half-year figures since flitting from Scotland to London.
A strong earthquake has shaken Papua New Guinea a month after a more powerful quake killed at least 125 people in the Pacific island nation.
The Aberdeen section of the Society of Petroleum Engineers has handed out £20,000 in bursaries to students in oil and gas-related subjects from across Scotland.
Russian oil company Rosneft has announced it has opened a new centre for research and development in Qatar.
Brazillian state-owned oil firm Petrobas has signed a £416million deal to build a natural gas processing unit on the outskirts of Rio de Janeiro.
BP boss Bob Dudley’s pay package soared by more than £1million last year to £9.5million
UK-based oilfield services giant Petrofac has won a $265million (£188million) contract with Petroleum Development Oman (PDO).
Aberdeen-based oil field service firm Coretrax has announced a £1million investment to break into the South East Asian market.
Aberdeen-based Sentinel Marine has made a new addition to its fleet of emergency response and rescue vessels (ERRVs) for North Sea operations.
UK Oil and Gas Investments (UKOG) has confirmed plans for two further drilling sites in Sussex.
Energy giant Shell has acquired a non-operated working interest in Siccar Point Energy’s Greater Cambo Area licenses in the North Sea.
A specialist in oil and gas law has warned that a lack of clarity over a strategy to maximise oil recovery from the North Sea could cause issues when it comes to decommissioning.
Hurricane Energy says a boulder relocation programme at its Lancaster site West of Shetland has been completed, allowing subsea infrastructure to be put in place.
A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major U.S. hub, wresting that distinction from Appalachia’s Marcellus Shale. Prices for Permian gas, produced alongside oil in the play, have tumbled 30 percent from a year ago, while output rose to a record.
Petro-economist Alex Kemp has issued a challenge to industry to help recover the 5.6 billion barrels of North Sea oil which could be “left in the ground” under current estimates.
There is a “whole piece of work to be done” to increase the number of UK supply chain companies involved offshore renewable projects.
North Sea workers have rejected a pay offer from the Offshore Contractors' Association (OCA).
A leading analyst has said there is “little evidence” to support claims that Russia could impact Britain’s gas supply, amid escalating tensions with the country.
Energy giant Shell has announced that former Maersk Oil CEO Gretchen Watkins will become the new president of the US-arm of the business.
French techonlogy specialist Capgemini has won a contract with Statoil to improve its digital operations globally.
Ofgem has banned energy supplier Iresa from taking on new customers until it resolves a series of customer service problems.
The number of offshore support vessels (OSV) being sent for scrapping has increased by 153%, according to analysts.
London-listed Lekoil is to take legal action to speed up the process of acquiring shares in an exploration license off Nigeria.