The price cap on Russian crude oil exports is starving President Vladimir Putin’s budget of income, though it likely won’t force him to ratchet down spending for years thanks to a $45 billion buffer of yuan reserves.
A North Sea oil rig has arrived in Dundee after one of its workers went missing.
Rovco has signed a three-year contract for the Glomar Supporter multipurpose support vessel as it looks to further expand its survey business.
Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.
“I told [the European Parliament] to go to hell!” Museveni said. “But I didn’t hear the French government making any trouble.”
A dozen key projects in the North Sea will deliver a “golden opportunity” for the UK supply chain in the coming years, according to new research.
An Aberdeen city centre car park is in line for a £1.2million refurbishment as part of a deal with energy giant Shell.
Neptune Energy today announced drilling has begun at its operated Adorf Z18 gas production well in the municipality of Georgsdorf, northwestern Germany.
The Texas oil and natural gas industry paid a record $24.7 billion in taxes and royalties last year, far exceeding the previous annual high of $16 billion set in 2019, according to the Texas Oil and Gas Association.
Capricorn chair Nicoletta Giadrossi is stepping down immediately from the board. So too is CEO Simon Thomson, in addition to Peter Kallos, Alison Wood and Luis Araujo.
Kingfisher will have around 20 production wells and 11 water injection wells, from four pads.
Tolmount duty holder ODE Asset Management has been warned by the UK’s safety regulator after it found its procedures for handling fire and explosion risks lacking.
Flotation Energy is consulting on potential onshore cable routes that would link its proposed Green Volt floating wind farm with the National Grid, making landfall at Peterhead.
The development of the Santos-operated Barossa offshore gas development that will backfill the Darwin LNG export plant in Australia looks set to be further delayed after the offshore regulator suspended planned construction of an offshore pipeline due to indigenous heritage concerns.
Baker Hughes (NASDAQ: BKR) capped its big restructuring year of 2022 with “record” orders during Q4.
Serica (LON: SQZ) has renewed a sanctions waiver from the US Government over Iran’s stake in the Rhum oilfield in the UK North Sea.
Data from the European Union shows Algerian gas flows to Italy up 41% year on year in the third quarter of 2022.
If Nigeria loses in London, the incoming president will have to make the crucial decision of whether to re-enter settlement talks with P&ID, or continue claiming fraud.
A 50-year-old man went overboard from the Valaris 121 rig, around 100 miles off Aberdeen, on its way to Dundee. Search stood down 7am today.
The company’s work has reduced risk on trap, source and seal, it said. Reservoir remains a moderate risk, it said, while the “lateral extent and continuity of reservoir sands is still unknown”.
Labour shadow chancellor Rachel Reeves has pledged her party will increase the North Sea windfall tax, in a move industry says will spell “disaster”.
The FPSO for BP’s Greater Tortue Ahymeyim (GTA) LNG project has left China and is heading for its site off Mauritania and Senegal.
Scottish Government plans to accelerate the decline of the oil and gas industry have been questioned by a top petroleum economist.
Three UK coal plants have been ordered to begin warming up in case they are needed for the country's energy supply as the cold snap bites.
ExxonMobil (NYSE:XOM), operator of the Gippsland Basin Joint Venture, has hired the Helix Q7000 semisubmersible vessel to support decommissioning activities in the Gippsland basin offshore Australia, as ExxonMobil ramps up decommissioning work.