Songa Offshore reaps rewards of Statoil work
Songa Offshore posted 100% efficiency across the board for its rigs after notching up a busy month with Statoil.
Songa Offshore posted 100% efficiency across the board for its rigs after notching up a busy month with Statoil.
A US judge’s watershed ruling means the final cost to BP for the 2010 Gulf oil spill may eclipse $50 billion, wiping out years of profits and highlighting the risks of drilling as the industry pushes into more dangerous areas such as deeper waters and ice-bound Arctic fields.
Rame Energy has secured the final loan needed to expedite its next four wind projects.
Tullow Oil has struck a deal to sell off its Netherlands gas assets for $81.1million.
The course of TransCanada Corp.’s proposed $5.4billion Keystone XL pipeline runs through Nebraska’s highest court, which can either speed the project on to US President Barack Obama or delay it indefinitely.
The European Union will today unveil a fresh raft of economic sanctions against Russia in a show of support by Western leaders for the beleaguered government of Ukraine.
Nearly 200 Aberdeenshire jobs are facing the axe under plans by French energy service giant Technip to shut down its offshore wind division.
Oil and Gas UK’s upcoming supply chain seminar will focus on fresh ideas.
More than £5billion was wiped off the stock market value of oil giant BP yesterday after a judge ruled that the oil giant was “grossly negligent” in the run-up to the Gulf of Mexico disaster.
Centrica Plc, the biggest energy supplier to UK households, said 2014 earnings will be hit even further by a delay in the start of two nuclear reactors by Electricite de France SA.
An offshore worker has died at a North Sea platform.
Four big oil firms have teamed up with the Norwegian Coastal Administration and oilfield technology company Aptomar to improve the way industry manages spills.
Statoil has abandoned its wild cat well in the Gulf of Mexico after if failed uncover any commercial returns.
President Energy has spudded its latest well in Paraguay after uncovering promising reserve potential.
Bilfinger SE, the German builder turning itself into a services provider, cut its full year profit targets a third time this year, hurt by “difficult” markets for energy and European oil and gas.
A man has died on an offshore platform in the North Sea.
Fracking for shale gas under the North Sea could be worth £600billion to the Scottish economy, a think-tank has claimed.
After years of keeping the price of crude sold to the U.S. low enough to maintain market share, Saudi Arabia is losing ground as the shale boom leaves U.S. refiners with ample supplies of inexpensive domestic oil.
Former chancellor of the exchequer and leader of the Better Together campaign Alistair Darling warned a successful vote for Scottish independence was a “one way ticket to an uncertain destination” for the UK and the North Sea oil and gas industry.
The SNP’s Fergus Ewing hit back at claims that the UK government has offered the North Sea oil industry a stable tax regime and said that an independent Scotland would do better.
Endeavour International confirmed it will not pay $33.5million in owed interest which was due earlier this week after failing to agree a way forward with its debt holders.
DOF Subsea has landed a multi-million pound contract for work on two construction projects in West Africa.
BP asked a US court to fire the lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying he had not disclosed an alleged conflict of interest before taking the job.
North Dakota’s oil boom has helped curb food poverty, according to a new government report.
Natural methane leakage from the seafloor is far more widespread on the US Atlantic margin than previously thought, according to a study out of Mississippi State University, the US Geological Survey, and others.