Oil faces investment crunch as fund managers go cold on fossil fuels, Hurricane CFO says
Medium-sized oil companies are finding it more difficult to secure investment as fund managers’ attitudes to fossil fuels worsen, an industry stalwart said.
Medium-sized oil companies are finding it more difficult to secure investment as fund managers’ attitudes to fossil fuels worsen, an industry stalwart said.
Climate change activists will take to the streets of Aberdeen today to protest against BP’s oil exploration and production plans.
Xodus Group, the Aberdeen-based energy consultancy, is now wholly-owned by Subsea 7 following an exit by Japanese investor Chiyoda Corporation.
Energy services firm NRG Well Management, of Aberdeen, said it was making a “step change in approach” to its offshore business as it unveiled a new director.
North Sea oil production is “struggling” and is due to hit its lowest point in five years, according to a new forecast.
Proposed strike action by North Sea pilots has been averted after union members voted to accept a pay deal.
Pakistan's ministry of petroleum has said authorities are ending offshore drilling off the Karachi coast in the Arabian Sea after no reservoirs of oil or gas were found.
Two north-east firms have cemented a partnership established at the turn of the century by extending it into the next decade.
The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas.
Equinor has handed out a £62.5m insulation, scaffolding and surface treatment (ISO) contract to Kaefer Energy.
The Petroleum Safety Authority (PSA) has confirmed it has launched an investigation into a North Sea leak at the Statfjord field.
Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages.
Three UK workers were injured in a recent pipe lay vessel blast, according to oil and gas contractor Saipem.
North Sea drillers have said they are willing to take strike action over a long-standing pay dispute.
Italian oil and gas contractor Saipem has announced a multi-million deal with Repsol Norge.
Greenpeace has shut down BP’s headquarters in London on the eve of its annual general meeting in Aberdeen.
Oilfield services giant Weatherford International has announced further backing from lenders for financial restructuring plans aimed at significantly reducing its colossal debt pile.
Jersey Oil and Gas (JOG) has posted heavy losses in its full-year results after a “great disappointment” at its Verbier discovery in the North Sea.
Think of an entrepreneur and it is likely a squillionaire comes to mind. The most recent Rich List highlights a number of those who have made their fortunes as entrepreneurs in the north of Scotland.
Siccar Point Energy has kicked off drilling at its Lyon prospect in the West of Shetland.
The evacuation of some Exxon Mobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister.
Scottish oil firm Cairn Energy has said it has lived up to its production guidance for the first part of 2019 and hailed the performance of the North Sea Catcher field.
Having entrepreneurial spirit is one thing, but protecting your brilliant idea for a new product or service is equally important for innovative self-starters.
A Subsea UK event in Aberdeen next week is aimed at helping companies finance their growth ambitions.
Oil started the week strongly after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year, while U.S. tensions with Iran ratcheted up as President Donald Trump threatened the country in a tweet.