Updated: Oil extends slide on speculation hedge-fund buying went too far
Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback.
Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback.
Nigerian militants today threatened to unleash their “most deadly” wave of attacks on oil installations.
North Sea oil explorer Hurricane Energy said today that it was raising its corporate governance standards as it weighs up a premium listing for its ordinary shares.
Norwegian firm Reach Subsea will supply one of its vessels for operations on BP's Mungo field in the North Sea.
Swedish oil firm Lundin Petroleum said today that it will recognise a net foreign exchange loss of about $69million in the fourth quarter.
Eland Oil and Gas said today that its Opuama-8 well has been drilled in Nigeria.
Oil rig firm Noble said today that Spirit Energy has booked one of its rigs for work in the North Sea.
Dutch oil and gas vessel builder SBM Offshore has completed the sale of the Turritella FPSO to Shell.
Alcatel Submarine Networks, part of Nokia, will carry out permanent reservoir monitoring (PRM) on Statoil's Johan Sverdrup field after winning a contract with the Norwegian energy giant.
The oil and gas company Hess Corp. said it will lay off about 300 employees or 13 percent of its workforce this year as it labors to sell assets, slim down operations and post its first quarterly profit since 2014.
Due east across the Atlantic from the Northern North Sea/West of Shetland is Atlantic Canada, home to a small but important cluster of oilfield developments located off Newfoundland.
There’s a growing debate over how much power will be sucked up by the world’s growing ranks of cryptocurrency miners.
China’s insatiable appetite for solar power led to a surprise increase in global clean-energy investment last year even as U.S. President Donald Trump pushed to undermine pollution rules and curbs on coal.
The U.S. could become a net exporter of natural gas in 2018 for the first time since 1957, thanks to increased natural gas exports to Mexico, LNG exports to at least 20 countries and less gas flowing into the country from Canada, according to the U.S. Department of Energy.
The Scottish Government has raised hopes that there will be no further delay to the completion of Aberdeen’s bypass following the collapse of Carillion and that 260 affected jobs could be saved.
Archer has clinched a new three year deal to provide a range of services at Apache's Forties and Beryl fields in the North Sea.
Shell has struck a deal to divest its stake in an Iraqi oilfield to Japanese firm Itochu, a news report said.
Oil giant Shell said yesterday that its latest North Sea project would create hundreds of UK jobs and unlock 80million barrels of oil.
Scottish environmental authorities have blocked the departure of three oil rigs currently cold-stacked in Cromarty Firth.
The board of Fife marine services group Briggs Commercial are “optimistic” about future trading prospects after a year in which sales and profits fell.
Shell’s North Sea boss yesterday warned industry against becoming “overconfident” with Brent crude prices hovering around $70 per barrel.
The boss at North Sea newcomer Decipher Energy has confirmed that a well will be drilled on its Orlando licence in the near future.
The days of poking a hole in the ground and hoping to strike oil are largely gone, thanks to geologic surveying and 3-D seismic imaging.
Shell's North Sea boss said today that the construction phase of its Penguins area project will create up to 400 UK jobs.
The regulator for North Sea industry said it expects more "high value projects" to be sanctioned this year, prolonging production for years to come.