World’s best-paid oil workers expose Norway to crude price crash
Norway, where oil helped create one of the world’s most stable and prosperous societies, finds itself among the most exposed to falling crude prices.
Norway, where oil helped create one of the world’s most stable and prosperous societies, finds itself among the most exposed to falling crude prices.
Land in the Permian Basin, the busiest shale patch in the U.S. oil boom, is worth either $1,000 an acre or 50 times more, depending.
BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions.
Australian energy firm Santos has seen its sales and production rise rise by 9% on its previous quarter. It follows the successful ramp-up of its LNG project in Papua New Guinea (PNGLNG) which reached full capacity earlier this year.
Aqualis Offshore has secured three contracts for its Middle East offices amid its aim to build a stronger presence in the area.
Gas talks between Russia, Ukraine and the European Union will be held in Brussels later this month. The Russian Ministry of Energy made the announcement after a prolonged period of US and European sanctions were imposed on the country.
The chief financial officer of a United Arab Emirates rig construction business has stepped down from her position with the company. Joanne Curin was also on the board of Lamprell, which provides engineering contracts to the oil and gas industry.
Chevron Corp chief executive John Watson spends an hour talking about the future of global energy and doesn’t once mention the price of oil.
A North Sea gas field is set to create 1,500 Scottish jobs and boost the UK economy £1.3billion, it has been announced. Oxford University has released a report into the huge Cygnus gas project, which started drilling at its North Sea site yesterday.
International oil and gas facility service provider expects to make up to $600million in profit this year. The company said the past year had been its most successful for new awards, with an ECOM (Engineering, Construction, Operation and Maintenance) order intake of $9.4billion.
Lundin Norway's latest wildcat well has come up dry.
Oil traders might see the 27 percent slide in global prices as a bear market. For U.S. consumers, it’s more like an early holiday gift.
People around the world are trapped by a “toxic triangle” of fossil fuel companies, investors and governments which is driving climate change, Oxfam has warned.
Oil production from the Organisation of the Petroleum Exporting Countries (OPEC) is at its highest level since December 2013, according to a recent review.
Chevron has delayed the second phase of its deep-sea natural gas project.
The reservoir targets for the Horse Hill-1 well have been readjusted.
IGas Energy’s landmark acquisition of Dart Energy was officially completed today.
RWE AG may exclude UK assets from a EUR5.1billion ($6.5billion) deal to sell the German utility’s oil and gas business to Russian billionaire Mikhail Fridman’s LetterOne.
Wood Group Kenny (WGK) has landed the front end engineering design (FEED) contract for the subsea and pipeline element of the Peterhead Carbon Capture and Storage (CCS) project in Aberdeenshire.
Atco Ltd. is looking for partners in Mexico as it positions itself to tap the $5 billion in pipeline and power projects to be offered as part of the country’s energy industry opening.
Maersk Oil UK has appointed a contractor to build the wellhead jacket and piles for its £3billion Culzean gas field project in the UK North Sea.
Industry experts believe standardisation to stop costs creeping up in deepwater activities. A panel at the Deep Offshore Technology International 2014 (DOT) assessed the ways costs could be reduced within deepwater activity, with the recent decrease in oil prices, coupled with increasing cost.
BP chose to “cut corners” when an oil pipeline was built across land belonging to Colombian farmers, then put up “a smokescreen of obfuscation" when things went wrong, a QC has said in the High Court.
Brazil President Dilma Rousseff and Aecio Neves, her challenger in a tight election contest, have clashed in a feisty debate.
Expro has secured a $50million contract for work offshore Australia.