A rise in oil production from the UKCS has helped to increase overall industrial production, according to new figures.
SapuraKencana Petroleum has won engineering and construction contracts including a number of extensions in a deal worth $72million. The company said it had been awarded a contract by Roc Oil to provide engineering, procurement, construction and commissioning for production and drilling on a platform in the D35 field offshore Sarawak.
Oil major Shell has taken a final investment decision to build a new unit at the Pernis refinery in the Netherlands.
Enbridge Inc has shut down a crude oil pipeline after protestors locked themselves to equipment at a valve site in Quebec. The Line 9 crude oil pipeline produces around 300,000 barrels per day.
San Leon Energy's seismic subsidiary NovaSeis has signed a memorandum of understanding with Nigeria's Northbridge Energy to provide seismic acquisition and interpretation services.
A new report has estimated Islamic State's earnings at $80million a month.
In May 2014, the new deal Gazprom signed to supply 38 billion cubic meters (bcm), which is about the amount NY state uses annually, of natural gas to China each year for the next 30 years changed the world more than anyone may have anticipated. It’s not just because it took 10 years to negotiate or was estimated to be worth about $400 billion at the time, but it seems to be the catalyst that sparked the current global oil war. In the midst of economic slowdowns in Europe and Asia and new technologies catapulting the U.S. into a leading world oil producer, OPEC decided to stop supporting oil prices and maintain market share by increasing oil production.
The search continues for 23 people still missing after a fire ripped through a platform in Azerbaijan.
Enquest reached a major production milestone, delivering its first individual day's production total of more than 50,000 barrels.
Woodside Petroleum has ditched its $8billion takeover offer for Oil Search.
OPEC has seemingly dropped any attempt at trying to fulfill its founding mission and manage the oil market, sending global benchmark Brent crude to a six-year low. For Saudi Arabia’s Ali al-Naimi, the most powerful and longest- serving of the group’s oil ministers, it may have seemed like history was repeating itself.
Seven of the most dangerous countries for travellers next year have been identified by an company that advises oil gas workers abroad.
A new field support vessel destined for Premier Oil’s £538million Solan field was christened in time-honoured form in Aberdeen harbour with a bottle of Champagne.
Wood Group has won a brownfield contract with ConocoPhillips for its assets in Australia.
The Prime Minister of Ukraine has called for the European Union to block the Nord Steam II gas pipeline project, according to reports. The leader said it would hurt his country and also potentially provide Russia with more of a monopoly over gas supplies in the region.
The confirmed death toll after a fire swept through an offshore oil platform in Azerbaijan has increased to seven.
National Oilwell Varco (NOV) said it will reduce its headcount by up to 900 positions as it looks to reduce costs amid the continued low oil price. The decision by the company means the number of job cuts it has made this year total around 2,400.
The chief executive of ConocoPhillips said he expects oil prices to recover next year as investment in new oil output facilities falter. Ryan Lance made the comments as he spoke to journalists in Doha at the International Petroleum Technology Conference (IPTC) in Doha.
KrisEnergy said it has commenced drilling of the Mustika-1 exploration well in the Sakti production sharing contract in the East Java Sea. The company said drilling is expected to take around 20 days to complete. The Mustika-1 well is targeting the Kujung I formation and is planned to reach a total measures depth of 3,100feet.
The Russian defence ministry has claimed the US has turned a “blind eye” to oil allegedly being trafficked from Syria across the border to Turkey. In a statement the ministry claimed the oil being moved was from areas under the control of Islamic State.
Devon Energy Corp has said it will buy a number of assets in the Anadarko Basin from Felix Energy in a $1.9billion deal.
An investigation was to take place after three men had to be rescued from a boat near a North Sea platform. Crew members on board the daughter craft of the Grampian Courageous standby vessel were forced to call for help after the engine of the boat failed. Daughter craft are smaller, more maneuverable boats, that operate from bigger emergency response and rescue vessels.
Drilling rig Songa Equinox has commenced drilling operations under its eight-year drilling contract with Statoil at the Troll Field on the Norwegian continental shelf.
OPEC has abandoned all pretense of acting as a cartel. It’s now every member for itself.
Subsea 7 will provide decommissioning services for the second phase of Centrica’s Rose and Stamford gas field decommissioning programmes, located in the southern North Sea.