Total’s supercomputer is now industry’s most powerful
Total's supercomputer Pangea recently boosted its computing power from 2.3 to 6.7 petaflops1, the equivalent of more than 80,000 laptops combined.
Total's supercomputer Pangea recently boosted its computing power from 2.3 to 6.7 petaflops1, the equivalent of more than 80,000 laptops combined.
Cadogan Petroleum has made a "highly preliminary approach" that could see the company combine with fellow London-listed firm Ascent Resources.
South America focused President Energy has appointed former Repsol and Petrobras engineer Jorge Dario Bongiovanni as a non-executive director of the company.
Mosman loss was wider in the first half of the current financial year thanks to one-off costs related to impairments and the termination of a deal to acquire a producing project in New Zealand.
Motorists in the United Arab Emirates are bracing themselves for a major price hike to fuel prices - with petrol "soaring" to 28 pence per litre.
A drive towards exploiting the millions of barrels of oil in the North Sea's small oil pools could lead the UK's subsea sector to become world leaders in exploiting hard to recover oil supplies and sustain the industry for decades to come, according to a senior industry figure.
A team of University of Aberdeen students are aiming to take on multinationals Halliburton and Schlumberger on at their own game by using open source software to create new low-cost reservoir modelling for industry.
Oil traders are recording some of their best results on record, whilst the industry, and many countries, are reeling from the global downturn in the oil price.
Oil prices firmed in thin Easter holiday trading today, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented.
Research that will support decommissioning by exploring approaches to the recovery of subsea structures is to be carried out by the University of Dundee on behalf of Xodus, with support from the Oil & Gas Innovation Centre (OGIC).
InfraStrata, the Irish independent explorer, said the massive potential for its Woodburn Forest play can deliver Ireland its largest onshore oilfield.
Vessel owners will have to face up to the prospect of further layups in 2016 as North Sea operators scale back on exploration activity.
Two crew members of the Bourbon Liberty 251 have been released after being abducted by pirates, their employer has confirmed.
Energy Voice has launched its latest sector research campaign aimed at uncovering industry opportunities in a low oil price environment.
Aberdeen marked the 15 month of decline in hotel occupancy rates as the crash in oil and gas prices continued to take its toll on the local hospitality industry.
The developer of Aberdeen’s new £330million convention complex at Bucksburn has said the project is on track to start this year although a final funding deal has yet to be confirmed.
Stirling is set to save £31million on street lighting after receiving funding to install energy saving street lights.
Oil dropped a second day after US crude stockpiles expanded again, keeping supplies at the highest level in more than eight decades.
Explorers once again idled drilling rigs in US. oilfields as crude inventories continue climbing, boosted by a surge in imports.
The oil and gas industry could save itself millions of pounds by migrating IT services to the cloud - and the TalkTalk factor may have helped focus the minds of senior executives about just how safe their own systems are from cyber attack.
The future of oil and gas industry to be discussed by prospective MSPs at an event organised by industry body Oil & Gas UK.
China’s biggest offshore oil and gas explorer, CNOOC, posted annual profit that exceeded analyst estimates as cost cuts countered a decline in energy prices.
The captain of the Fugro ship involved in the search for missing Malaysia Airlines flight MH370 has spoken of his responsibility to help find the doomed aircraft.
Northcote Energy expects to begin drilling the Lutcher Moore-21 well on the Shoats Creek field in Louisiana in US in the middle of May.
Descendants of John D. Rockefeller sold their Exxon Mobil stock and plan to dump all other fossil-fuel investments in the latest move against the industry that made their fortune.