Ensco in consultation over North Sea jobs, more than 100 posts at risk
Drilling contractor Ensco is in consultation with staff over redundancies after two rigs were stacked following a decline in oil price.
Drilling contractor Ensco is in consultation with staff over redundancies after two rigs were stacked following a decline in oil price.
The United Arab Emirates, OPEC’s third- biggest producer, will raise unleaded gasoline prices by 24 percent next month when it becomes the first country in the oil- rich Persian Gulf to remove subsidies on transport fuel.
General Electric Co. offered to sell gas- turbine assets to an Italian rival in an attempt to win European Union approval for its plan to buy most of Alstom SA’s energy business, four people familiar with the situation said.
Oil and gas independent Nostrum said it suffered a drop in profits in the first half of 2015.
Oilex has asked its shareholders to vote in support of a capital funding program for work on the Cambay and Bhandut fields and the Canning basin. The company is looking to build on a “growth opportunity” which it says is underpinned by a recent independent reserve classification of gas and light field oil in the region. Managing director Ron Miller has written to shareholders asking for support to make the new investments.
Clontarf Energy has agreed with the Ghanaian authorities to reapply for an exploration licence in the Tano Basin. The company will make the application through its subsidiary,Pan Andean Resources, for the asset offshore Ghana.
Europa Oil & Gas has been awarded a licence in the southern North Sea as part of the UK 28th licensing round. The company said the conditional award of a promote licence over Block 41/24 was given by the OGA (Oil and Gas Authority) as part of a joint venture with Arenite Petroleum Limited. A total of 41 new licences were awarded in the latest round and the second tranche of successful bids follows the 134 bids confirmed last year, totalling up to 175 licences covering 353 blocks.
Technip has won the contract to deliver offshore brownfield and subsea tie-backs for Petronas' first floating liquified natural gas facility (PFLNG1) east of Malaysia.
Oil boss David Lenigas has strengthened links this week with the burgeoning Cuban oil and gas sector.
A major oil firm has confirmed its offshore workers will be the latest to move over to a new three weeks on shift pattern.
The UK’s 28th offshore licensing round was one the biggest handouts in 50 years.
BP’s profits took a significant hit in the wake of its $18.7billion Deepwater Horizon settlement.
Statoil’s second quarter net income fell 27% amid a dipped oil price.
Iraqi’s oil exports from the south climbed to a record this month at the same time the self-ruled Kurds in the north are shipping crude independently, adding to a global supply glut as producers vie for market share. Southern oil exports, representing the central government’s shipments, rose to 3.064 million barrels a day in July and will remain at about the same level for the rest of the month, Thaer Yassin, spokesman of the state-owned South Oil Co., said by phone on Monday. Exports were 3.020 million barrels a day in June, he said.
Croatia's Constitutional Court has annulled two corruption convictions against former prime minister Ivo Sanader and ordered a retrial. Sanader, prime minister from 2004 to 2009, had been convicted of taking a bribe from the Hungarian oil group MOL in 2008 to allow it to take a dominant stake in Croatia's biggest utility, the oil firm INA, and also of taking a bribe from Austria's Hypo Bank in 1994 and 1995, when he was deputy foreign minister.
Colombia's state-owned oil company Ecopetrol sold more than half its shares in energy company Empresa de Energia de Bogota (EEB) for $215 million, Ecopetrol said on Monday, as part of its plan to sell assets to fund investments. Ecopetrol said in a statement it sold 352 million shares, 55.1 percent of its interest in EEB, for 1,740 Colombian pesos per share. The shares were sold to a preferential group of employees, retirees, pension funds and unions.
Ukraine plans to increase natural gas imports from Europe in August with a view to boosting injections into storage for next winter, Energy Minister Volodymyr Demchyshyn said on Monday. He told a televised briefing that Ukraine aimed to import around 40 million cubic metres (mcm) of gas per day from Europe, up from 24 mcm of gas per day in July. Plans call for increasing injections into underground storage to 52-53 mcm per day in August from the current 35-40 mcm.
A major milestone has been reached in the delivery of 73 subsea structures for BP’s Quad 204 offshore development project. Babcock International Services has completed two manifolds – the largest and most complex constructions within the project – at its Rosyth facility on the Forth. The structures, which were manufactured, painted and outfitted at the site, were transported to Lerwick by freighter and then transferred to a dedicated heavy lift vessel for installation at the Schiehallion and Loyal oil and gas fields.
Goodrich Petroleum has signed an agreement to sell its reserves and leasehold in the Eagle Ford shale for $118million. The move will see the company retain 58% of its undeveloped leasehold in the play for future development and sale. The asset which is being sold produced an average of around 2,850barrels of oil equivalent per day during the first quarter of 2015.
Marine geophysical services specialist WGP has completed its spring/summer program of reservoir monitoring operations for Statoil's Snorre and Grane fields ahead of schedule.
US light oil exploration company Marksmen Energy has found "signifcant" deposits from its assets in Ohio.
In the 36 years since the Islamic revolution swept over Iran, the country has tapped international debt markets exactly twice.
Max Petroleum has thrown a financial lifeline to its Kazakhstan subsidiary Samek International.
The Oil and Gas Authority (OGA) today confirmed the final bids for the 28th offshore licensing round – making it one of the largest round-ups in 50 years.
Maersk Drilling has been awarded a $14 million 16-month contract extension for the jackup rig Mærsk Innovator with ConocoPhillips Norway.