Hedge funds unnerved by trade war cut oil bets to 2-year low
An intensifying trade war between the U.S. and China is scaring hedge funds away from an increasingly volatile oil market.
An intensifying trade war between the U.S. and China is scaring hedge funds away from an increasingly volatile oil market.
Technology specialist Cyberhawk has used UAVs to complete an inspection of an oil tanker, seven times more quickly than through traditional means.
A collaboration between Aberdeen University and a North Sea oil firm on underwater lifting technology has been rated “outstanding” by Innovate UK.
Oil rose in New York after Saudi Arabia was said to have curbed production, offsetting concerns that the growing trade dispute between the U.S. and China will hurt demand.
Vessel contractor Prosafe has been awarded a one-month contract extension for BP’s Clair Ridge platform, worth £1.8million.
Saudi Arabia has ordered the Canadian ambassador to leave the ultraconservative kingdom within 24 hours after his nation criticised the recent arrest of women's rights activists.
Petrofac has been awarded a £15million contract renewal with Oranje-Nassau Energie Resources (ONE) for the Sean gas field in the southern North Sea.
Russian oil company Rosneft has approved a £1.5billion share buyback scheme as it looks to become more attractive to investors.
The manager of a major pipeline system has said reinvestment in ageing infrastructure is “critical” to the North Sea reaching its potential.
The Business Growth Fund’s (BGF’s) investment director hasn’t been this busy for three years.
Shell has been fined £60,000 after a technician was severely injured by a gas cylinder on a North Sea platform.
Serica Energy’s boss has said the North Sea oil firm "could not afford to miss out" on its latest acquisition.
Workers will down tools for another 24-hour period today amid a series of strikes on three Total platforms.
Sparrows Group has created a director-level role to drive its growing diversification efforts forward.
Fairfield Energy said yesterday that costs were “not the main driver” behind its request to leave the huge concrete legs of the Dunlin Alpha platform in the North Sea.
Dallas-headquartered Kosmos Energy has entered the Gulf of Mexico with a £942million acquisition.
America’s Ambassador to the UK has said moves to make the North Sea more efficient are "something to feel good about".
The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue.
Braemar Shipping Services has completed the delivery of a 180,000m3 Liquid Natural Gas Carrier (LNGC) to South Korea.
The University of Aberdeen has stayed ahead of the curve by positioning itself as the go-to trainer of present and future decommissioning experts.
Officials have identified a worker who died from his injuries after a natural gas pipeline exploded in Texas last week.
Serica's acquisition of Total's stakes in two North Sea fields is a major step forward for the company, an analyst has said.
Bob Old had just started flying for oil and gas companies when, in October 1985, he guided his helicopter to a rig in the Gulf of Mexico to evacuate workers in advance of an approaching storm.
Noble Energy posted a loss in the second quarter and plans to focus some of its resources outside of West Texas’ Permian Basin oil field.
The head of the Aberdeen Institute of Energy has announced his retirement.