The two most critical forecasts of global oil markets offer contrasting visions for 2018: one in which OPEC finally succeeds in clearing a supply glut, and another where that goal remains elusive.
More than a dozen apprentices left high and dry by the closure of an Aberdeen organisation have found a new training centre – 30miles up the road in Peterhead.
Scots are facing a double-whammy raid on their wallets after the draft budget proposed income tax rises for higher earners and paved the way for more council tax hikes.
Financially struggling Cobalt International Energy said Thursday it filed for Chapter 11 bankruptcy protection and will sell off the company for parts.
Scottish tidal power firm Atlantis Resources has become part of the Gupta family business empire after striking a deal for a power plant in south Wales.
Losses have widened at Bristow as “challenging” oil sector market conditions and unfavourable currency exchange rates weighed the North Sea helicopter operator down.
The UK’s subsea service sector employs 8,000 people fewer than it did three years ago, but an uptick in offshore wind is proving to be a bright spot, a new report said.
Petrofac's chief executive said today that the energy service firm's portfolio is in good shape and that its net debts would be in line with expectations at year-end.
The Oil and Gas Technology Centre (OGTC) is ready to provide a further boost to the North Sea by investing another £2million through its latest “calls for ideas”.