Shell revealed today that it had taken a final investment decision (FID) on the redevelopment of the Penguins area in the UK North Sea.
The battle between OPEC and shale oil producers can be characterized as a two-round fight. In the first round, shale producers gained market share and the price of crude crashed. In the second, OPEC curbed output as shale producers adapted to the lower prices. Now, get ready for round three, as OPEC and Russia try to plot a way out of their production cuts but likely get stymied by market twists and turns that upset their calculations.
The voice recorder from a helicopter crash carrying seven people, including five ONGC staff, has been recovered.
Coal power plants with a capacity of more than 800 Gigawatt – 10 times the capacity of the whole British electricity system – are currently under construction or in the pipeline. A recent UNEP report has found that none of these plants can be built and existing coal capacity must be retired early if the world is to achieve the climate goals of the Paris Agreement.
Brent crude touched $70 a barrel on Thursday, a level it last saw three years ago. That might start to look like a level where OPEC could say that its work to rebalance the market is done.
The role of the Inverness and Aberdeen-headquartered Global Energy Group (GEG) in supporting Premier Oil to reach first oil on the Catcher field in the North Sea has been hailed.
Wentworth has named Eskil Jersing as its new chief executive.
Anaerobic digestion, a means of creating green gas to create renewable power, could greatly help Scotland meet its Energy Strategy targets according to experts. Find out more by watching below:
Swiss investor Partners Group Holding AG has snapped up a 45% stake in a 700 megawatt (MW) offshore wind project in the Netherlands.
A total of eleven men were charged in a Singapore court regarding an alleged oil theft at Shell’s biggest refinery.
Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale.
The industry is stepping into the “uberisation” of the sector, according to a digital expert.
Companies operating in the energy sector will still keep a close eye on business travel costs in 2018 according to Wings Travel Management, even though recovery is underway and oil prices look likely to continue rising. But better use of travel technology will be the key to maximising business travel budgets says the specialist energy sector travel provider. And if the oil price continues to rise, leading to investment in exploration, overall travel spend will increase by 2019, barring any significant geopolitical disruption.
Statoil has made a slight but incredibly significant change to its brand.
The Oil and Gas Technology Centre (OGTC) has invested £1.3million in “transformational” well plugging and abandonment ideas.
The energy transition and digital transformation were two of the biggest trends in the energy world last year. Growing concerns about climate change are accelerating the move towards low carbon sources, while tighter margins across industries are driving digitalisation.
Enquest has appointed Laurie Fitch to its board as a non-executive director.
Whatever your view on the effectiveness of the deal between OPEC and a group of non-member countries to limit oil supply in order to drain excess inventories and boost prices, there is one thing that everybody seems to agree on -- they stuck to their guns much better than anyone thought possible for the whole of last year. But there is a growing chorus of voices calling the deal's demise this year. Here's why I believe they're wrong.
What better way to ring in the New Year offshore than with a traditional rendition of ‘Auld Lange Syne'?
Tom Faichnie, managing director of Aberdeen-based Hall Morrice Corporate Finance Limited, believes that the next 12 months will see a surge in activity as shareholders finally look to execute exit plans. As 2018 approaches, he predicts how the business landscape of the Granite City will transform in the next year.
Apache veteran Jim House has been named the new chief executive of Neptune Energy.
Oil giant Shell has compiled a series of videos highlighting the heroics of ordinary people in the wake of the devastating Hurricane Harvey.
The subsea sector is still clawing its way up from the bottom of the market curve, according industry veteran Neil Saunders
Gary Hodgson, strategic projects director at Peel Ports – who own and operate of Great Yarmouth and Hunterston ports – sets out why he believes there is a realistic model for onshore decommissioning that could reduce costs for the industry and taxpayers.
There are hot spots that exist right now in a service sector that is dusting itself down after the most prolonged downturn in our memory.