Price is right as supply chain strikes balance
A recent poll suggested industry’s mission to lower its cost base and learn lessons from the downturn will be subjected to an acid test this year.
A recent poll suggested industry’s mission to lower its cost base and learn lessons from the downturn will be subjected to an acid test this year.
To his friends, Rodrigo Berkowitz lived within his means in a rented house in the suburbs of Houston.
Rig contractor Ensco has revealed that three "independent advisory firms" urged its shareholders vote for the merger with rival firm Rowan.
It’s never ideal if you own a fleet of crude tankers and the world’s oil producers remove millions of barrels of cargo from the market to avert a glut. Nor is a collapse in charter rates normally the best news.
US oil firm Apache Corporation has said that it is planning "lower activity" across its business in 2019.
Aker Solutions has seen its income almost double in the last year on the back of higher revenues and an expanding order book.
Cluff Natural Resources (CLNR) has announced it will farm-out a southern North Sea licence to Shell, with the possibility of an agreement on a second.
A top deal-maker for North Sea firms has called for an end to commercial behaviours which are “extremely damaging” for the industry.
The Health and Safety Executive (HSE) has warned Teekay following a "significant" propane leak on the Petrojarl Foinaven vessel.
Serica Energy has confirmed it is preparing to go to tender for key items for its North Sea Columbus development.
“Focus” is the mantra at Serica Energy’s new office in Aberdeen and it’s the word that chief executive Mitch Flegg keeps coming back to.
The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers.
Nigeria is the largest economy in Africa and one of the most popular sub-Saharan states to have received foreign investment from European, US and Chinese investors over recent years. It is one of the world’s larger oil producing countries, with daily production of nearly two million barrels, more than twice that of the UK. It has been a member of the Organisation of Petroleum Exporting Countries (OPEC) since 1971.
The achievements of a group of mentors and their mentees in the oil and gas industry have been celebrated at an awards ceremony in Aberdeen.
Westwood Global Energy reports that at the end of January three exploration wells were drilling on the UKCS: one in the northern North Sea and two in the central North Sea.
It is a well-proven maxim that discovering oil can be more of a curse than a blessing and nowhere on the face of the Earth offers better testimony to that than Venezuela, now in the throes of political upheaval.
Rules governing tremors from fracking will not be relaxed, the Government has said, as public concern over earthquakes from the controversial process grows.
Opposition to fracking has risen with more than a third of people against the process, a Government survey suggests.
A north-east oilfield services business is targeting further growth after coming under Norwegian ownership.
A former global head of sales at Petrofac has been convicted as part of a bribery investigation.
French energy giant Total has announced significant increases in sales and consolidated net income over 2018.
Norwegian energy giant Equinor has kicked off a UK North Sea exploration campaign.
An MP has condemned an “unacceptable” delay on victims’ families getting answers about a fatal helicopter crash in Shetland more than five years ago.
The oil industry is still guilty of rampant “waste” despite concerted efforts to drive efficiency during the downturn, a boss at BP said yesterday.
The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie.