Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International ahead of an initial public offering by the Riyadh-based energy producer, according to people with knowledge of the matter.
The Middle East oil and gas arm of Craig International has announced Steve Gibson as country manager for the region.
Hess Corporation today reported a net loss of $2,677 million, in the fourth quarter of 2017, compared with a net loss of $4,892 million, in the fourth quarter of 2016.
Oil’s rally is unraveling on fears over a rise in U.S. production and as a deepening slump in equities undermined market support.
Oil and gas group Rockhopper has announced that it has signed a Letter of Intent (LOI), giving it exclusivity to Sea Lion Phase 1, in the North Falkland Basin.
The number of people set to descend on Aberdeen for this year’s Subsea Expo is expected to be in excess of 5000, the event’s organisers have said.
UK and Netherlands-based subsea firm N-Sea has announced a number of major contract wins totalling £40million.
French energy giant Total has confirmed the acquisition of two offshore exploration licences in Guyana’s Canje Block and Kanuku Block.
Energy service firm Petrofac has confirmed that it is still under investigation for suspected bribery, corruption, and/or money laundering.
Kosmos Energy announced today that it has completed drilling the Requin Tigre-1 exploration well located in Senegal’s Saint Louis Offshore Profond block.
BP is expected to reveal a surge in annual profit this week, as higher crude prices and declining costs drive the oil giant’s recovery.
Evgeniy Variagin doesn’t care if people think he’s crazy for taking a £1million development within a stone’s throw of the world’s worst nuclear disasters to the brink of commissioning.
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of the new oil production in the U.S., but a relatively small number of counties within the Permian are home to most of that action.
Aberdeen Harbour Board has today announced the appointment of its new chief executive, Michelle Handforth.
Aberdeen-based Aqualis Offshore Ltd has announced that North Sea veteran Maurice Pickles will return to its line-up in the role of marine manager.
Oil giant Chevron has reported encouraging end of year numbers by recording £99billion total revenues, up 23.6% on 2016.
US oil giant ExxonMobil notched up revenues of £171billion last year, £25billion more than in 2016.
Weatherford International plc reported a net loss of £1.36 billion in the fourth quarter of 2017.
Eggborough coal-fired power station in East Yorkshire is to close as pressure to phase out the fossil fuel continues.
Danish wind firm Ørsted has announced that full power has been achieved at its Race Bank development on the Norfolk coast.
One of President Donald Trump's favorite subjects for praise - the Texas oil industry - is urging him to back off his hard-line stance on the North American Free Trade Agreement.
Each week, Energy Voice pulls together the Friday Five. Click below to see the site’s most read and engaged with copy of the week.
There is light at the end of the tunnel. After a three-year pause, during which major project go-aheads have been rare, the oil industry is starting to grind back into action. But now, more than ever, project managers need to make sure that their proposals deliver value, and that the search for ‘perfect’ does not prevent the delivery of ‘good’.
Business secretary Greg Clark has opened a 100,000-unit electric vehicle production facility.
ConocoPhillips posted a big $1.58 billion profit for the fourth quarter as the Houston oil giant continues to swing back to a moneymaking venture after the oil bust.