A ballot on whether North Sea workers should accept new conditions put forward by member companies of the OCA (Offshore Contractors Association) will close tomorrow. It comes after revised proposals were put forward after talks were held with Unite, the OCA and ACAS (Advisory, Conciliation and Arbitration Service).
Canadian Natural Resources' Petrojarl Banff FPSO has shutdown production after the installation was battered by a storm in the North Sea.
Buru Energy said it has identified a five metre sandstone interval at the Ungani Far West 1 well in North Western Australia. The company said an oil sample was recovered with interpretation of pressure data indicating a potential oil column of at least 14 metres with around five metres of net pay. A sampling program is continuing with results expected to be on going.
JKX Oil & Gas said it welcomed the Ukraine government's decision to cut gas production tax in the country to 29% from 55%.
Northcote Energy said it continues to review the terms of awards for potential Mexican opportunities with MX Oil.
Cluff Natural Resources (CLNR) is to pursue unconventional opportunities south of the border following the Scottish Government's moratorium on Underground Coal Gasification.
Amec Foster Wheeler has been awarded the engineering, procurement and construction contract by Sweden's Preem for a new vacuum distillation unit (VDU) at its Lysekil refinery.
President Energy successfully completed two workeovers on its assets Argentina.
MX Oil chief executive Stefan Olivier said the firm was moving in on the commissioning stage of its four land contract areas (LCA) in Mexico.
Billionaire Jim Ratcliffe is known for driving a hard bargain and running a tight ship.
Geir Tuft was recently revealed as the chief executive of Ineos Breagh, which manages the North Sea assets the chemicals giant acquired last year.
California Governor Jerry Brown declared a state of emergency to protect residents from natural gas that has been leaking from Sempra Energy’s underground storage site near Los Angeles for more than two months.
Turmoil in China’s markets is pushing oil closer to $30 a barrel.
Austen Russell said MSP Dennis Robertson’s comments about the current state of the North Sea oil and gas industry felt like a “kick in the teeth”. The 38-year-old has been tirelessly looking for work every day since he was made redundant from his job with a pipe lay company last October where he worked as a technical supervisor. He had his first break in the industry 18 years ago when he started out as a well test trainee.
Wood Group landed a contract with PetroRio for its Polvo A platform in the southern Campos basin.
Billionaire industrialist Jim Ratcliffe has pledged to drive out the inefficiency of his new North Sea assets - and has set up a new subsidiary to hunt for even more opportunities.
Norwegian firm Prosafe will attempt to get a tow line aboard the accommodation rig Safe Bristolia later today, if improved weather conditions hold.
The GMB union has called on the UK Government to ensure there are no delays in offshore decommissioning to help protect thousands of supply chain jobs. According to the union, nearly 300 platforms will need to be decommissioned and 4,000 wells plugged and abandoned.
Northcote Energy's financial director has stepped down with immediate effect, the company announced today.
Jericho Oil said it has closed its non-brokered private placement of more than 17million units for $6.929million. The company said the proceeds of the offering were used to acquire producing wells and prospective acreage in Central Oklahoma.
Ensco said it has ended a contract with Petrobras for a drillship over allegations of corruption. The rig contractor said the Brazilian company had chartered the DS-5 in 2008, when it was owned by Pride International.
Oil major Shell and the National Iranian Oil Company (NIOC) have reached a final deal on how the Anglo-Dutch company must clear its debt of $2.3billion outstanding since 2011. The head of the NIOCs international affairs, Mohsen Qamsari, said the two sides had reached an agreement on a mechanism after several round of negotiations.
A North Sea platform has moved into its eleventh day of shut down as a "comprehensive" investigation by Marathon Oil continues into the cause of a gas leak. Production has been shut down since Boxing Day, with 73 workers remaining on board the platform, which is about 155miles north east of Aberdeen.
Aberdeen MSP Dennis Robertson has apologised for comments he made which claimed there was "no crisis" in the North Sea oil and gas industry. The politician has been criticised by workers, unions and politicians for his remarks in Holyrood yesterday.
The ramping up of tension between Saudi Arabia and Iran makes it highly unlikely Saudi Arabia will cut its output to help Iran regain market share, according to Wood Mackenzie.