Opinion: Have oil prices finally turned?
OPEC’s agreement to cut output for the first time in eight years has helped push up oil prices by nearly 10 per cent in the last week, but will the agreement hold and how will it impact UK business?
OPEC’s agreement to cut output for the first time in eight years has helped push up oil prices by nearly 10 per cent in the last week, but will the agreement hold and how will it impact UK business?
A Western Australian official said yesterday that the region intends to learn from the North Sea’s approach to decommissioning.
Western Australia is not the cure for all of the North Sea’s economic woes, but there are plenty of opportunities to be had in its offshore gas market, officials said yesterday.
Energy giant INEOS has opened a new headquarters in the UK, saying the move reflects its increased confidence in this country.
Engineering group Doosan Babcock is to cut almost 500 jobs across its UK sites.
Faroe Petroleum said today it had finalised the acquisition of interests in five oil and gas fields in the Norwegian sector of the North Sea.
BP said today that a gas prospect it has started drilling in the southern North Sea could pave the way for a new phase of development in the region.
Boosting investment in energy efficiency could create up to 9,000 jobs a year, business leaders have told the Scottish Government.
A panel will meet for the first time this week as part of an investigation into the potential impacts of fracking in the Northern Territory of Australia.
Venezuelan state oil firm PDVSA has asked a US judge to grant it victim status in a bribery case against two businessmen, a news report said.
BP has bought a 3.06% stake in an Indonesian liquefied natural gas (LNG) project from Repsol for more than $300million, the Spanish firm has said.
The Aberdeen, Highlands and Islands branch of the Energy Institute (EI) has lined up two prestigious speakers for its annual dinner next year.
Norway’s oil and gas safety body said today it had given Shell permission to expand its gas plant at Nyhamna.
Opec will meet nations from outside the cartel on Saturday in Vienna to firm up a deal on output reductions.
Tokyo-based Mitsui & Co has agreed to buy a 20% interest in two of Shell’s assets in the Gulf of Mexico. The Kaikias and Circius assets lie about 100 kilometres south-east of New Orleans and are thought to contain recoverable resources of 100million barrels of oil. The value of the deal was not disclosed.
Petrofac has netted a contract extension worth about $70million to provide a range of services on the Cygnus gas field in the southern North Sea.
The Port of Dundee has laid its cards on the table, as far as its attitude towards decommissioning is concerned.
A north-east training centre aimed at helping redundant oil workers back into jobs has found a new home in Banff.
The UK Government has been accused of treating the oil industry like a "cash cow" as new figures show every north-east resident has contributed the equivalent of £600,000 to Treasury coffers.
Community councils strongly opposed to planned ship-to-ship oil transfers in the Moray Firth are urging the Scottish transport minister to intervene.
A north-east college has teamed up with Fraserburgh Academy to deliver a unique new course, designed to attract more women interested in pursuing maths and science careers.
The number of rigs operating in the US crept up this week, the latest Baker Hughes rig count shows.
Shell is embroiled in a pay dispute with workers at its Pernis oil refinery in the Netherlands.
ConocoPhillips has said its plans to leave its current Houston headquarters would not result in a departure from the Energy Corridor district.
A vice-president at Lukoil said today that the Kremlin should compensate Russian oil companies for production cuts that could be enforced following this week’s Opec output deal, according to a news report.