The largest listed oil and gas producers are moving in the wrong direction, according to a new report from Redburn, “Lost in Transition”.
One of the institutional investors backing oil firm Hurricane Energy said yesterday it had received a £17.9 million boost from the North Sea oil firm’s “year of great achievement”.
Raeburn Christie Clark & Wallace (RCCW) has announced the retirement of partner Stewart Smith after nearly three decades with the law firm.
Anderson Anderson & Brown (AAB) has experienced an uplift in demand for its services in the upstream exploration and production (E&P) sector.
Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum.
Saudi Arabia's energy minister has confirmed that drone attacks on its oil facilities knocked out about 50% of the country's production.
Drones claimed by Yemen's Houthi rebels have attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco.
Finland’s NEOT has become the first company to bunker LNG from the Kairos vessel, in Sweden’s Port of Södertälje.
Norwegian energy firm Equinor has confirmed that evacuations have taken place as a result of a fire that broke out on board a tanker moored at the Sture terminal.
The head of Bilfinger has said an industry labour shortage, which could materialise in “two or three years”, is among his main concerns for the oil and gas sector.
Hurricane Energy’s successful appraisal of the Lincoln field should restore confidence in the potential of the Greater Warwick Area (GWA), west of Shetland, an analyst has said.
A project that would employ a pioneering heavy oil recovery technique in the North Sea has edged a step forward.
A fledgling oilfield equipment company has secured funding to help it develop blowout prevention technology which could save operators millions of pounds per well -- and prevent loss of life.
The Houston Ship Channel was partially shut Thursday after Greenpeace activists suspended themselves from a bridge spanning the key oil route in protest against the fossil fuel industry.
The Trump administration on Thursday took a major step toward auctioning oil drilling rights across every acre of the Arctic National Wildlife Refuge’s coastal plain, hours after the House of Representatives voted to outlaw the activity.
A north-east technology firm has entered into a pact expected to lead to the award of a multi-million pound deal for pipeline work in Russia’s Far East.
Royal Vopak has bought a 49% stake in Colombia’s LNG import facility, in Cartagena. The company did not disclose how much it paid for the holding, in the statement announcing the move on September 12.
A number of high-profile Islamic groups have called "upon all Muslim individuals" to pull investment from the oil and gas sector.
BP’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord, the latest sign climate concerns are starting to impact the investment decisions of the world’s largest fossil fuel producers.
Oil slid as the International Energy Agency highlighted the difficulty that OPEC and its allies will face in balancing the market as producers meet in Abu Dhabi.
The US briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.
BW Energy is planning to reach a final investment decision (FID) on its Ruche development, in Gabon’s Dussafu licence, in the last quarter of the year. Further growth is expected to come from August’s Hibiscus discovery. The company continues to hold the Kudu gas project, in Namibia, but like many others before it, progress appears slow.
Exploration firm Hurricane Energy has officially confirmed the discovery of "light oil" at its West of Shetland Lincoln Crestal well.
BP was fined £400,000 yesterday for spilling almost four tonnes of crude oil in Shetland nearly seven years ago.
An oil and gas well completions firm from Aberdeenshire has secured work worth more than £12 million since the start of this year.