Bosses at a fish and chip shop have announced they will limit the number of oil and gas workers allowed in their shop at any one time, accusing the workers of “struggling to behave like humans”.
Rodrigo Toro, Isagen’s former chief financial officer, isn’t going to watch his old company be sold off without a fight. The 62-year-old engineer, who led a failed attempt to buy the Colombian state-controlled hydropower producer in 2013, is among a group that successfully sued to suspend the latest auction last month of the government’s 5.3 trillion peso ($2.1 billion) majority stake. The delay has left bidders from Canada to Europe in limbo on a transaction that could have highlighted Colombia’s potential as an investment destination and helped offset slowing economic growth. Instead, it has become a reminder of the difficulty of doing business in the Latin American nation, drawing attention to a legal and administrative system the World Economic Forum ranks below those in Guatemala and Honduras.
Mosman Oil and Gas has confirmed its preferred drill location at a venture in New Zealand. Well Te Wiriki-1 on the Murchison permit in the country's South Island is planned as vertical exploration well with an minimum target depth of 1,200m.
Sound Oil has been given approval for an environmental impact assessment for a permit covering its Dora and Dalla assets in Italy. The award covers the D503-BR-CS offshore license in the central Adriatic and includes the Dora gas discovery and the Dallas exploration prospect.
Northern Petroleum has been given approval on the environmental impact assessment (EIA) of three potential exploration permits in the southern Adriatic. The EIA approvals have been received from the Ministries of the Environment and National Heritage and are awaiting decree by the Ministry of Economic Development.
Air Energi has landed a contract with BP Iraq to supply personnel for its operations for the giant Rumaila and Kirkuk oil fields. The five-year deal is Air Energi’s biggest ever win in the region. The fields, which represent 40% of Iraq’s total production last year, are estimated to hold 20 billion barrels of reserves.
Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP, Chevron and ConocoPhillips to lay off hundreds of workers. Oil field services groups such as Amec Foster Wheeler, Wood Group and Petrofac are also in consultation with employees over job cuts.
Russian gas company Gazprom, a leading shareholder in Russia's sole liquefied natural gas (LNG) plant, Sakhalin-2, hopes to be able to answer questions about the plant's expansion next year, deputy chief executive Alexander Medvedev said on Tuesday.
Irish oil producer Petroceltic International said it sold its Romanian unit to GVC Investment BV as it exits high-risk exploration ventures.
Statoil’s growing Aberdeen base will be safe from the firm’s latest round of job cuts, a spokesman confirmed. The firm announced earlier today it would cut up to 2,000 posts, comprised of permanent and consultant positions, by the end of 2016. The move is part of the Norwegian operator’s robust austerity measures.
The development of a fully-fledged North Sea carbon capture and storage (CCS) network could boost oil recovery – as well becoming the most cost efficient way of meeting UK emissions targets, a new report says.
Aberdeen-based energy service firm LR Senergy said yesterday it has secured US and UK patents for a well modelling process it developed.
Statoil today confirmed it would cut 1100 to 1500 permanent positions by the end of next year. The firm cited standardisation for the decrease. "We regret the need for further reductions, but the improvements are necessary to strengthen Statoil’s competitiveness and secure our future value creation," said Anders Opedal, executive vice president and chief operating officer in Statoil. The firm confirmed a further 525 consultant posts would also be cut. More to follow.
The US has issued a permit which allows Shell to resume its oil exploration off Alaska’s Arctic coast. The permit, which approves Shell’s ability to disturb marine mammals, was granted in the wake of a Greenpeace protest targeting the company’s Polar Pioneer drilling rig. The National Oceanic and Atmospheric Administration signed off on a permit which allows noise from air guns, icebreaking, drilling and anchor handling. The move is in line with the Department of Interior’s earlier decision which approved Shell’s general plan for its oil exploration in the area.
Tropical Storm Bill formed in the Gulf of Mexico, leaving Texas bracing for another round of flooding in less than a month. Bill, which prompted some energy companies to evacuate non- essential personnel earlier, has sustained top wind speeds of 50 miles per hour (80 kilometers per hour), the National Hurricane Center said in an 11 p.m. New York time advisory. It was located about 155 miles south-southeast of Galveston, Texas, moving northwest at a speed of 12 mph. Tropical storm warnings were in effect from Baffin Bay to High Island, Texas, the Miami-based agency said.
Thirty years ago, times were so tough in Houston that Steve Zimmerman introduced the Oil Barrel Special, a three-course lunch tied to the plummeting price of crude. He revived the special at his restaurant Cinq in January, in the midst of another precipitous decline, but there haven’t been many takers, about 10 a week compared with the 70 a day who used to queue for the chance to enjoy filet mignon for a steal. Houston -- known in some parts of town as the Energy Capital of the World -- has been doing just fine in this oil bust. “In the 1980s, there was a major crisis,” said Zimmerman, who’s owned the La Colombe d’Or hotel, where the special is now a dinner option at Cinq, for 35 years. “This is just a blip.” Houston, the fourth-largest city in the U.S., was slammed by the ’80s crash, when oil took a 67 percent nosedive in four months. Banks failed, shopping malls emptied out and foreclosures shot up. Tax revenue shriveled and the city fired dozens of sanitation workers, which led to a strike that completely halted trash pickup. Back then, 87 percent of all so-called base-employment jobs were tied to the oil and gas industry, while as of 2010 fewer than half were, according to an analysis by the University of Houston. That explains why Mayor Annise Parker in a recent speech called the 59 percent price-drop of 2014 and 2015 “just a pothole in the road.”
Algeria, Angola, Iran and Nigeria are interested in blending their light oil with Venezuela's heavy oil to get better a price for their crude, the president of Venezuelan state oil company PDVSA said on Monday.
Environmental campaign group Greenpeace says 13 of its activists have blocked Shell's Polar Pioneer drilling rig as it tries to leave Seattle for Arctic waters.
French oil major Total said on Monday it had begun procedures to restart its La Mede refinery near Marseille, which management had decided to halt after the CGT union called a strike against plans to stop crude processing.
The leader of the Institution of Mechanical Engineers (Imeche) has said more needs to be done to bridge fracking relationships. Dr Jenifer Baxter, head of energy and environment at the institution, made the call after councillors in Lancashire recommended exploration at Cuadrilla, but held off on a final decision.
Leni Gas & Oil (LGO has confirmed the spudding of the 12 well in its Goudron field development. The company acquired the prospect on the south-eastern edge of Trinidad in 2011 and has so far drilled 12 out of 30 planned wells.
Oil traders may send a record amount of crude from the North Sea to South Korea this month, amid signs that refining rates in the Asian country are surging. Three tankers each able to ship 2 million barrels of oil have been hired to load the North Sea grade Forties so far in June, according to six shipbroker reports compiled by Bloomberg. That could rise to four if another vessel, provisionally booked for late this month or early next, ships its consignment by the 30th. South Korean data show the country hasn’t imported 8 million barrels of North Sea oil in a single month since at least 2000.
People have been evacuated from their homes in south Texas after a ruptured natural gas pipeline sparked a massive fire. The blaze, which took hold on Sunday night after the Energy Transfer Partners pipeline ruptured near Lindenau, DeWitt County, could be seen from 20 miles away.
A maintenance outage at Total's St Fergus natural gas terminal was brought forward by a day to start on June 14 and will last for 16 days in total, the company said over the weekend in a regulatory note.
roposals for fracking for shale gas at a site in Lancashire should be approved, planning officers have recommended. Lancashire County Council has published reports with recommendations on planning applications from shale company Cuadrilla to develop two new sites between Preston and Blackpool to explore for shale gas by drilling, fracking and testing the flow of gas. The report recommended that the application for a site at Preston New Road near Little Plumpton be passed, subject to a lengthy number of conditions being met, said the council. But planning officials recommended an application for a similar site at Roseacre Wood should be turned down because of an increase in traffic. The council’s development control committee is due to make decisions on the planning applications next week. Cuadrilla submitted revised plans after planning officers recommended refusal for both sites in January for different reasons.