North Sea investors will need more convincing Opec's output reduction deal is robust before loosening their purse strings, a prominent petro-economist said today.
Coal generated a record low 6% of the UK’s electricity this spring, official figures show.
The UK’s top-flight index burst back through the 6,900 mark as investors cheered an output-limiting deal struck by the Opec oil cartel.
A rush by Australia’s state governments to switch to clean electricity sources could undermine the country’s energy security, the federal government has warned after an entire state lost power.
Maersk Oil reached a major milestone on its £3billion Culzean gas development in the UK North Sea when drilling started on the first production well yesterday.
A major North-east engineering firm has announced it will enter a consultation process regarding potential redundancies.
A campaign group is urging Shell and BP shareholders to use binding votes on pay plans to encourage bosses to embrace green energy, a news report said yesterday.
The Government of Botswana has approved Tlou Energy’s environmental impact statement (EIS) for a coal bed methane project following a final review.
A signing ceremony is expected to be held to finalise the deal to build the first new UK nuclear power station in a generation.
A former North Sea oil boss is amassing a $500million energy sector investment fund with a difference.
The UK is set to spend billions on offshore decommissioning and removal. It is generally believed oil and gas companies will pay for this work. This is not the case. The taxpayer will fund a large proportion through tax breaks.
Australia’s offshore oil and gas authority has asked BP to provide more information about its hotly disputed plans to drill off the country’s south coast.
The terms of a deal to develop a deep-water field off Mexico will be adjusted to create a more level playing field between state-run Pemex and its private project partners, a news report said.
Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are not reassuring.
BP said today it had signed three concession amendments with Egypt allowing the company to develop the Nooros play.
Eni Norge restarted production on the Goliat field in the Barents Sea today, just over a month after shutting it down due to a gas leak.
Four workers have died and another two are missing after their helicopter crashed on its way to a platform owned by Chevron off Angola, the US firm said.
Aberdeen South MP Callum McCaig today accused Prime Minister Theresa May of “sneering at Scotland from afar” and said the UK Government had let North Sea industry down in its hour of need.
Aberdeenshire firm Ace Winches has completed a job for Technip ahead of a project commencing on Quad 204 west of Shetland.
With its choice for Hinkley Point C - a £100billion boondoggle – its enthusiastic support for expensive and environmentally harmful fracking, and its relentless attack on renewable energy, the UK government’s energy policy is both morally and economically bankrupt, write Peter Strachan, Professor of Energy Policy at the Robert Gordon University, and Alex Russell, Professor and Chair of the Oil Industry Finance Committee. Westminster must reconsider this folly, which will be a disaster for the Conservative party, and embrace the renewable energy transition that can lead us into a clean and economically healthy future.
Iona Energy’s administrators have given the defunct firm’s main suitor another two months to find the funds needed for a takeover.
Dublin-based oil and gas explorer Providence Resources today revealed a shuffle of its board.
Norwegian oil giant Statoil has cancelled a contract for a drilling rig several months early.
Oil and gas companies need to engage earlier with regulators and learn from past projects for the North Sea decommissioning sector to realise its potential, according to an industry chief.
The Oil and Gas Authority (OGA) today identified the six elements that will turn the UK into a decommissioning powerhouse.