40,000 jobs hinge on securing future for UK steel industry
Around 40,000 jobs could be lost if no buyer is found for Tata Steel’s UK business, according to a new analysis.
Around 40,000 jobs could be lost if no buyer is found for Tata Steel’s UK business, according to a new analysis.
Seadrill has hired debt advisors to help negotiations on an $11 restructuring plan, according to reports.
The profitability of oil and natural gas development activity depends on both the prices realised by producers and the cost and productivity of newly developed wells, according to the US Energy Information Administration.
BP and Kuwait Petroleum Corporation (KPC) have signed a framework agreement to explore possible joint opportunities for investment and cooperation in future oil, gas, trading and petrochemicals ventures.
Vantage Drilling reported a net loss $8.8 million for the final three months of 2015, compared with a $27.6million for the same period a year before.
Spitfire Oil posted a pretax loss of A$460,000 in the final six months of 2015, more than double what it reported in 2014.
An Egyptian man has been remanded in custody for eight days by a Cypriot court after authorities said he admitted hijacking a domestic EgyptAir flight and diverting it to Cyprus by threatening to blow it up with a fake explosives belt.
Atlantic Petroleum's boss said the company needed cash to stay afloat as the as the company reported a net loss of of £59.4million (DKK564million) in the last year and revealed headcount had fallen by 85%.
Plexus Holdings, the Aberdeen-based engineering firm, has suspended its dividend to shareholders as it reported a £3.5million loss in the second half of 2015 and reduced its headcount by 50.
88 Energy's Icewine project in Alaska continues to exceed expectations with the company revealing that core taken from the Icewine-1 exploration well has revealed two previously untested samples have "outstanding permeability" 20 times better than forecast.
Scottish oil company Bowleven said it remains in a strong position despite recording a $132million loss in the second half of 2015.
Nostrum Oil and Gas saw pre-tax profit fall by more than two thirds last year as it was hit by lower production and falling oil prices.
North east oil industry worker Benjamin Innes posed for a photograph with hijacker and would-be suicide bomber on board an Egyptian domestic flight.
Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze crude oil production, according to a person familiar with the nation’s policy.
Households that have never switched energy suppliers before on average stand to slash more than £380 from their annual bills, according to research.
The latest revision of well integrity guidelines have been published by industry body Oil and Gas UK.
Energy company SPIE has been award a dual three-year framework with Scottish and Southern Energy Power Distribution (SSEPD).
The operator of the Grangemouth petrochemical plant confirmed a second manufacturing unit will be reopened as the site prepares to receive shale gas ethane from the US.
A consortium comprising GNPC, Explorco, Vitol, Eni and Woodfields, has been awarded a new exploration licence offshore Ghana.
US solar company SunEdison, whose aggressive acquisition strategy has saddled it with more than $11billion of debt, is at "substantial risk" of bankruptcy, one of its two publicly listed units warned on Tuesday.
A UN Commission recommendation to expand Argentina's waters to include those around the Falkland Islands hit shares in oil and gas companies with interests in the South Atlantic.
US production of hydrocarbon gas liquids (HGL) is expected to increase from 3.86 million barrels per day in 2015 to 4.33 million b/d in 2017, according to the US Energy Information Administration's Short-Term Energy Outlook (STEO).
The UK has played down reports that a United Nations commission has ruled that Argentina’s territorial waters should be extended to include the Falkland Islands.
Denmark's DONG Energy announced Tuesday that it has decided to terminate the EPC contract for the Hejre project after it claimed the supplier consortium failed to meet its contractual commitments.
French oil services company Bourbon will pay $320 million to buy gas transport activities from Jaccar Holdings to take advantage of growth in the gas sector and reduce its dependence on the "very difficult" offshore services market.