Oil dips on stockpile concerns, Saudi production pledge
Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.
Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.
Halliburton Co. reported higher profits and revenues in the third quarter despite softer demand for certain services as pipeline bottlenecks constrained production activity in West Texas.
The regions of North and West Africa offer two contrasting stories with regard to energy access and natural resources. The vast majority of North African nations benefit from strong energy infrastructures, with virtually 100% of populations having reliable access to electricity. Meanwhile, West Africa presents a different picture: many nations—including Nigeria, Liberia, Guinea, Burkina Faso, and Sierra Leone— currently provide reliable electricity to only 50% or less of their population.
The Rowan Stavanger jack-up rig has won a £17.7million contract for drilling work at Equinor’s Gurdrun field.
Brent steadied near $80 a barrel as Saudi Arabia dismissed using its oil wealth as a political tool following the killing of journalist Jamal Khashoggi.
Neptune Energy has appointed a former Shell boss as its new chief financial officer.
The Oil and Gas Authority’s approval of two North Sea projects has given the basin an injection of “old and new” money, an analyst has said.
Accountancy and business advisory firm Johnston Carmichael has appointed administrators to the troubled Underwater Centre in Fort William.
Total and Chinese oil firm CNOOC have further strengthened their cooperation in the liquefied natural gas business.
Jacobs Engineering Group Inc. agreed to sell its energy, chemicals and resources unit to Australia’s WorleyParsons Ltd. for $3.3 billion to focus on its higher growth and margin aerospace and infrastructure businesses.
Zennor Petroleum will go ahead with the Finlaggan field development after the UK oil regulator approved its plans.
The Oil and Gas Authority (OGA) has given BP permission to go after 20 million barrels of oil at a field west of Shetland.
A union boss has hit out at claims there are not enough UK seafarers to staff offshore support vessels in the event of a "hard Brexit".
Engineering and construction firm Sembcorp Marine has inked a £125 million deal to refurbish an installation which will serve in the UK North Sea.
BP Plc and Eni SpA could re-start work on a project in Libya in the first quarter, setting the stage for the OPEC member to boost production by “hundreds of thousands of barrels” a day, the head of the country’s state oil company said.
The North Sea could be used as a testing ground for new innovations to be exported around the world, according to BP’s technology boss.
A north-east firm, which provides the use of underwater remotely operated vehicles (ROVs), has announced the purchase of the entire fleet of 28 systems from M2 Subsea.
The Fife-based subsidiary of global oil services firm Technip FMC said it was hopeful of improved trading despite a loss of more than £20 million last year.
A new energy export conference is to be hosted in Aberdeen next year to present £100billion worth of project opportunities for UK companies.
The North Sea is on a “strong footing” to grow its share of international work, after securing two major conferences last week.
Offshore industry body Subsea UK has put out its "final call" for entries ahead of its business awards bash.
Aberdeen has been successful in its bid to host a major conference bringing together the world’s major energy capitals.
The Scottish Government has U-turned on plans to recruit a trade specialist to drive up business between Saudi Arabia and domestic energy firms.
A consortium led by energy services giant Petrofac has won a £3billion clean fuels project in Thailand.
Oil services giant Schlumberger has reported a healthy increase in pretax profit for Q3 2018.