OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America’s shale industry.
Cutting-edge energy generation technology and some of the people who help Scotland make a global renewable-energy impact were celebrated at the 2017 Scottish Green Energy Awards in Edinburgh last night.
Scottish offshore technology company Seanamic Group, the parent of Aberdeen-based Imes, said yesterday it had appointed subsea expert Alan Brunnen as chairman.
DiveSource, an international offshore crewing and diving consultancy based in Westhill, Aberdeenshire, said yesterday it was poised to double the size of its workforce after winning a multimillion-pound North Sea deal.
Aberdeen company Wood said yesterday it was backing efforts to strengthen and diversify the economy of Saudi Arabia and remained committed to “creating and accelerating” employment opportunities in the kingdom.
Video footage of a large shark near an oil rig has resurfaced on YouTube. The uploader does not say where or when the film was shot. The text added to the video suggests that the shark is a “megalodon”. However, a number of viewers have challenged that idea, saying it is a Greenland Shark.
Houston's Shell Midstream Partners is going on a buying spree, acquiring $825 million worth of pipelines and terminals from its Royal Dutch Shell parent.
Oil dropped for a third day as U.S. industry data showed crude stockpiles expanded and as OPEC ministers arrive in Vienna to decide on prolonging supply cuts past the end of March.
A decommissioning expert at the Oil and Gas Authority (OGA) said today that efforts to lower North Sea dismantling costs risked a clash with competition watchdogs.