Oilfield services giant SLB has no plans to exit Russia
Oilfield services giant SLB (NYSE: SLB) has no plans to exit Russia, its CEO has said, two years after Moscow’s invasion of Ukraine.
Oilfield services giant SLB (NYSE: SLB) has no plans to exit Russia, its CEO has said, two years after Moscow’s invasion of Ukraine.
By Allister ThomasLukoil, Russia’s second-largest oil producer, saw profit slump by 59% in the first quarter as oil prices declined to a 12-year low.
Ireland's latest Atlantic Margin Licensing Round has seen 11 companies snapping up opportunties offshore the Emerald Isle.
Israel has approved the development of the $5billion Leviathan natural gas field which is set to give Israel a second source of gas supply and turn it into a gas exporter.
The Scottish Government has said it will continue to explore the potential for fracking in Scotland despite a vote in parliament in favour of an outright ban.
MSPs have voted by 32 to 30, with 61 abstentions, in favour of a Scottish Government motion, amended by Labour and the Greens, calling for an outright ban on fracking and stating it and other forms of unconventional gas extraction are “incompatible” with Scotland’s low-carbon ambitions.
Aberdeen firm Well-Centric Oilfield Services has completed a £300,000 upgrade of its workshop facilities in Wellheads Industrial Estate, Dyce.
The Norwegian Government has rejected calls for a review of the petroleum tax.
Regal Petroleum today said “geopolitical events”, including disruption to the gas sales market, had hit its financial results.
Technip has been awarded a major natural gas field development in the Mediterranean that could be worth as much as €1 billion.
Norway’s oil companies and the industry’s biggest union had set off two days to negotiate over wages for offshore workers. Instead, the talks broke down after less than a minute.
Oil producer Det Norske has awarded a framework agreement to fellow Norwegian firm First Geo for delivery of a broad range of subsurface and well engineering services.
Ministers have been accused of ‘sitting on’ a long-awaited report on fracking and climate change in a bid to help the oil industry.
Vladimir Putin will discuss energy cooperation as he continues his two-day visit to Greece, his first trip to a European Union country this year.
Prospex Oil & Gas has raised £1.6million in a share placing to support the activities of Hutton Poland, in which it holds a 49% stake.
DONG Energy could be valued at up to $16billion, potentially making it Europe's biggest flotation this year.
France has started using its fuel reserves to deal with petrol shortages caused by strikes and protests over a bill weakening worker protections.
Negotiations between unions and employers in Norway over pay negotiations has broken down.
The oil market is rebalancing, but don’t count on ever seeing prices at $100 a barrel again: that’s the message from Norway’s petroleum and energy minister.
Both sides of the fracking debate are watching closely to see whether the decision to allow drilling in one North Yorkshire village will herald a new era for the industry across the UK.
French police using water cannon and tear gas have broken up a strike picket that was blocking access to a large oil refinery in the southern port area of Marseille in a government versus union showdown over contested labor law reforms.
All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno.
Protesters have said they will fight a decision to allow a controversial fracking operation in North Yorkshire.
Councillors in North Yorkshire have given the green light to the first fracking operation in the UK for five years.
Councillors in North Yorkshire have given the green light to the first fracking operation in the UK for five years.
Lansdowne Oil and Gas has called a meeting of shareholders giving them the opportunity to vote on the company's proposals to raise "essential" funds by issuing 350 million shares, devaluing the company in the process.