Encouragement as Apache plans new production well in Forties area
New plans to extend the life of a UK North Sea field were last night hailed as a potential boost for the oil and gas industry at a difficult time.
New plans to extend the life of a UK North Sea field were last night hailed as a potential boost for the oil and gas industry at a difficult time.
For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are set to post a quarterly loss.
With increased maritime activity and the globalisation of demand, through ever-shorter supply chains focused on the Asian hub, there is a heightened potential for incidents at sea. This increase in shipping activity highlights a pressing need to improve safety and efficiency onboard ships through a focus on non‐technical skills. Our rationale is to optimise Human Factors training to prevent the next costly incident and help save lives.
An Aberdeen man convicted of bribing officials in war-torn Iraq to land lucrative oil industry contracts has had his sentencing deferred after he took ill.
Neptune Energy today announced the safe and successful installation of subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea.
The firm behind the Horse Hill oil development near Gatwick Airport has agreed to take a 50% non-operated interest in a licence in Turkey.
In California’s sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state’s clean-energy programs to cut the cost of pumping oil, to the chagrin of some environmentalists.
Weatherford has won a two-year, $15m contract with a major independent operator in Argentina.
The future of the energy industry landscape has long been up for debate, and the effect of COVID-19, combined with the dramatic global oil price crash and its detrimental impact, has brought this to an unparalleled level.
Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023 according to a Rystad Energy analysis.
A new oil infrastructure decommissioning facility in Fife will be ready for action by the fourth quarter of 2020, as key licences fall into place.
Shifting political dynamics in East Timor hint at a change in direction for the petroleum sector as Woodside values the country’s proposed Greater Sunrise project at zero.
EnQuest said today it had removed the troublesome oil storage tanks from the jacket of its Thistle platform in the UK northern North Sea.
US energy service firm Baker Hughes slumped to pre-tax losses of £13 billion ($16.5bn) in the first half of 2020, highlighting the severe impact of the Covid-19 pandemic and crude price drop.
Italian engineering and construction firm Saipem has won a contract to install turbine foundations for the Seagreen wind farm, off the coast of Angus.
A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal.
Eni SpA is looking to sell assets in Norway and the Republic of Congo as oil’s slump prompts companies across the industry to rein in spending, according to people with knowledge of the matter.
Almost £350 million is being made available to help cut emissions from heavy industry, construction and transport, the Prime Minister has announced.
European governments approved the most ambitious climate change plan to date, agreeing to pour more than 500 billion euros ($572 billion) into everything from electric cars to renewable energy and agriculture.
One of the world’s biggest producers of polysilicon -- a key ingredient for solar power systems -- shut a major plant in China after it suffered a series of explosions, according to a person familiar with the incident.
Energy service firm Texo Group has hired a high-calibre accountant as head of finance in its latest leadership team revamp.
The exiled Highlander behind US-based software and energy firm Ziyen Energy has secured a new role advising a group campaigning for independence for California.
Oil climbed to the highest level since early March in London as hopes for an economic recovery from the coronavirus crisis lifted financial markets.
Deltic Energy’s largest shareholder has backed the company’s efforts to stave off a hostile takeover bid from London-listed energy investment firm Reabold Resources.
DNV GL has launched an international industry consortium in collaboration with Dutch glass production expert company Celsian to develop the technology required for a gradual transition from natural gas to hydrogen as a fuel in energy-intensive industrial production processes.