Oil extends gains from 2-year high on signs of longer Opec cuts
Oil extended gains from the highest close in more than two years on signs OPEC will agree to extend supply cuts when ministers meet in Vienna at the end of the month.
Oil extended gains from the highest close in more than two years on signs OPEC will agree to extend supply cuts when ministers meet in Vienna at the end of the month.
The world’s biggest oil companies are jostling for supremacy as they emerge from a life-changing downturn.
Oil major Shell has said it is “happy” with its portfolio a day after completing the near-£3billion sale of a package of North Sea assets.
A 78,000 barrel-per-day reformer at ExxonMobil's Baton Rouge refinery in Louisiana was badly damaged by a fire, a news report said.
TechnipFMC has won a contract for subsea work off Malaysia on Murphy Sabah Oil's Block H gas development project.
The High Court has adjourned its hearing into whether an injunction obtained by energy giant Ineos to prohibit unlawful activities at its shale gas sites should be continued.
An explosion at a newly commissioned unit of a coal-fired power plant in northern India killed 29 people and injured 85 in one of the nation’s worst industrial disasters in recent years.
The pound plunged on Thursday, sending the FTSE 100 near record highs, as investors expressed disappointment in the messaging around the Bank of England's first interest rate hike in a decade.
Four years ago, a federal judge in Victoria rejected an overtime case brought by the government and in doing so changed the way many oil field workers are paid.
Major offshore industry players gathered for the third Oil and Gas Project Management conference in Aberdeen this week to explore practical ways to improve project performance.
Exploration and production company Eco Atlantic has cleared another hurdle on its way to drilling a well off the coast of Namibia.
While OPEC and its allies agree their output-cut deal needs to be prolonged as bloated inventories won’t shrink to normal levels by March, they’re yet to reach consensus on how long the pact must be extended, according to ministers from three of the top producers.
An Apache Corp. employee has agreed to settle insider trading charges after buying company stock just prior to its announcement of a gigantic oil and gas discovery in West Texas, the Securities and Exchange Commission said on Wednesday.
Shell said today all areas of its business put in a strong showing to steer the oil major to an increase in third-quarter profits.
The boss of oil firm Chrysaor has said he is “more than cautiously optimistic” about the North Sea’s future after completing a deal for a package of assets from Shell.
A glut of available office and industrial space in Aberdeen means there will be plenty of room for businesses to expand when the north-east economy eventually recovers, experts said yesterday.
The man who led the public inquiry into the Piper Alpha disaster said last night that the lessons of the tragedy have not been forgotten.
The UK Government must let oil companies transfer tax histories if it is serious about attracting investment to the North Sea, an industry chief said yesterday.
Maersk Drilling has won a contract to provide a rig for the phase II development of Nexen Petroleum's Buzzard field in the central North Sea.
Chrysaor is keen to get cracking on a drilling campaign early next year and is “close” to booking a rig for the job, the North Sea firm’s boss said yesterday.
Safety and security consultancy Restrata yesterday marked the opening of its new North Sea incident management centre (IMC) in Aberdeen.
Oil major BP signalled a switch from “defence to offence” in its third-quarter profits update, an analyst has said.
Oil major BP said yesterday it would start buying back its own shares after revealing third-quarter profits more than doubled.
Scottish engineering firm Weir Group said today that strong demand from North American oil and gas customers had helped increase orders by more than fifth in the third quarter of 2017.
BP's chief financial officer said today that the oil major was "comfortable" with its balance sheet despite net debts sitting at £30billion at the end of September.