Aviation services group Air Partner has signed a 10-week contract with a multi-national oil firm to charter flights to transport workers to and from the Netherlands twice a week from Aberdeen.
Technip has won a deal with ENI to supply umbilicals to an offshore development in Angola.
Aker landed a contract from Murphy Sabah Oil for work offshore Malaysia.
Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas’s sprawling Eagle Ford shale formation, Brett Pennington is carrying out a little experiment.
Eurasia was dealt a leadership blow after five of its directors walked out today.
Tethys Petroleum has parted company with chief financial officer Denise Lay, who has been made redundant following her decision not to relocate from the Caspian-focused firm's former head office in Guernsey.
Oil rose amid signs of stabilisation in China, the world’s second-biggest user, and as US and OPEC production slowed.
Mexico’s flirting with the international oil industry got off on the wrong foot, but they finally have something going.
Statoil’s latest North Sea wildcat well has come back dry.
$45 oil has been good to the Serica Energy chairman.
An MP whose constituency has a decision date on a fracking application looming self-funded a trip to the US in a bid to find out more about the production method. Thirsk and Malton MP Kevin Hollinrake flew out to the state of Pennsylvania for a week to meet with industry leaders, regulators and academics. The decision to go on the fact-finding mission was prompted by fracking applications in his own area.
The Scot at the helm of oil trading giant Vitol said yesterday he saw signs emerging of a better balance between global oil supply and demand. Ian Taylor refused to speculate on where oil prices may be headed next, adding: “Traders always get these things wrong.” But addressing delegates of the Kazenergy Eurasian Forum in Kazakhstan, he said the market seemed to be settling after months of volatility.
Eland Oil and Gas said today it welcomed a transparent, level playing-field for foreign investment under a new political regime in Nigeria.
Mexico's latest auction of shallow water licences took place today.
A milestone has been reached in the Cameroon floating liquefied natural gas project after parties signed a gas convention. The final investment decision commits the project to a targeted start date for commissioning in the second quarter of 2017. At a signing ceremony in Cameroon the country’s state-owned oil company Société Nationale des Hydrocarbures (SNH), Perenco Cameroon, Golar Hilli Corporation and Golar Cameroon executed a an agreement which endorses and governs the installation and operation of the GoFLNG vessel in Cameroon waters offshore of Kribi.
Norway’s bond market is feeling the squeeze and the country’s regional banks are the main victims.
Brent prices jumped by $11 in the month of September marking the largest gain in three days since 1990, according to a market update. The latest findings from KPMG showed volatility in the oil markets has persisted in August and mid-September brought on by China’s financial slump and its wider effect on the markets. The price jump per barrel was influenced by speculation of an OPEC production cut.
Data shows Japan’s cumulative installed capacity will rise from 317.5 Gigawatts (GW) last year to an estimated 389.8 GW by 2025. The jump represents a moderate compound annual growth rate (CAGR) of 1.9%, according to research and consulting firm GlobalData. The company said while thermal sources are likely to contribute to the majority of installed capacity other renewable sources, including hydropower, will more than double by the end of the forecasted period.
Chesapeake Energy Corp. is letting go of about one in six employees, the latest blow to a workforce that enjoyed boom years under shale wildcatter Aubrey McClendon and shrank since his departure as the natural gas producer grapples with a downturn.
XPD8 Solution has signed a two-year contract with CNR International to provide monitoring services to five of the company’s platforms in the North Sea. The company has previously provided cover to CNR International’s UKCS assets over the past eight years. The latest contract will take XPD8 to a decade of working for the Canadian oil and natural gas company.
San Leon Energy said it had made a new gas discovery onshore Morocco but gave no further details of a takeover bid made last month. The company said the Laayoune-4 well on the Tarfaya conventional licence had been drilled and suspended with gas shows. San Leon has completed £29million of fundraising through the placing of ordinary shares together with a share capital reorganisation.
Nostra Terra, the UK-headquarterd independent producer, said it is focused on acquiring producing assets with exploration potential in North Africa.
UK oil and gas investment company MX Oil is looking ahead to a "game changing" end of year with progress made in Mexico and imminent production expected from its Nigerian assets.
Industri Energi delivered a boycott notice to Technip Singapore over “social dumping”.
Nighthawk, the US focused oil development and production company, said reduced oil prices and lack of drilling had an impact on its half-year results with both revenue and profits down.