Hurricane Energy appoints new CFO
Hurricane Energy has strengthened its team with the appointment of a new chief financial officer.
Other News
Shell, Saudi Aramco to end 18-year US refining marriage
Royal Dutch Shell Plc and Saudi Arabian Oil Co. are ending an 18-year refining partnership as the Anglo- Dutch crude titan prepares to sell billions of dollars of assets and as Saudi Arabia’s national oil company eyes a possible initial public offering.
LSE to Merge with German rival to create european Titan
Deutsche Boerse AG and London Stock Exchange Group Plc agreed to merge, a deal that would create a titan of European trading as long as rival suitors don’t upend the agreement and regulators give it their blessing.
Celebrities pen open letter against fracking
Celebrities including Colin Firth and Mark Ruffalo have penned an open letter to UK Prime Minister David Cameron calling on him to stop fracking in communities that have already voted against it.
Drillship set to go under the hammer at auction
A drillship which has been laid up in Venezuela since last year is set to go under the hammer at auction today.
Jurassic Park actor to star in new oil drama
A new television series in the US starring Jurassic Park actor Sam Neill will chart the rise and fall of a Texas oil empire.
Nobel Peace Laureates: Save the Arctic, Save the Climate
In a powerful call for international action on climate change, a group of Nobel Peace Prize laureates recently sent a letter to the Heads of State who comprise the Arctic Council, urging them to protect our climate and the Arctic from oil and gas exploration.
Erin Energy appoints new chairman and CEO
Erin Energy has appointed former Shell president John Hofmeister as its new chairman.
C&J Energy appoints new chief exec after death of former boss
A new chief executive has been appointed to lead C&J Energy Services after the death of its former boss.
North Sea expertise helps mend London’s creaking sewage system
Subsea experts swapped the hazardous conditions of the North Sea for inner city London’s river network in a project highlighting the potential for oil and gas industry diversification.
Budget 2016: Budget to close tax loophole which disguises employees as freelancers
A tax loophole widely exploited to disguise employees as freelancers will be reformed in George Osborne’s Budget next week.
C&J Energy boss dies
The chief executive of C&J Energy has died.
Iran more likely to join oil-cap group after election, IIF says
The rise of moderates in Iran’s elections has increased the odds of the nation joining an oil-producer coalition to freeze output and bolster global crude prices, the Institute for International Finance said.
Pemex woes trigger 2,000 provider job cuts as boom turns to bust
Petroleos Mexicanos’ woes are hitting home for suppliers that less than two years back were preparing for an oil boom.
BP to end partnership with Tate Britain
BP Plc will end an almost 30-year partnership with Tate Britain, a U.K. art gallery, from 2017.
BP avoids lawsuits over moratorium that followed Gulf spill
BP Plc won’t have to face lawsuits by energy and oilfield service companies over losses they blamed on the U.S. offshore drilling ban imposed after the 2010 Gulf of Mexico oil spill.
AFW exec says North Sea is just like Heathrow
North Sea projects are backed up like planes waiting to land at Heathrow, according to Amec Foster Wheeler (AFW) senior executive John Pearson.
Highland MP hits out over “shoddy” application for ship-to-ship oil transfers
A Highland MP has accused the UK Government of "shoddy" handling of the application for ship-to-ship oil transfers off the Cromarty coast. Ian Blackford wrote to Scottish Secretary David Mundell yesterday to express his concern that Marine Scotland (MS) had not been directly consulted.
Plan to share data on ‘sticky’ energy customers
One of the most controversial plans outlined by the Competition and Markets Authority (CMA) will see energy providers share customer data to allow rivals to offer them better deals.
Key points from CMA’s proposals on energy market competition
The Competition and Market Authority’s plans to make Britain’s energy market more fair and competitive aims to protect the most vulnerable and encourage switching to stop customers overpaying. Here’s a run-down of the key points:
Energy sector report explained
Gas and electricity prices will be temporarily capped for four million households on pre-payment metres, after it was revealed that Britons could have been overpaying by around £1.7 billion. An Ofgem-controlled database will also be launched, allowing rival suppliers to offer those on standard variable rates (SVRs) for three years or more better deals.
Centrica denies CMA’s customers’ £1.7billion over-payment claim
Centrica refutes Competition and Markets Authority’s (CMA) findings that customers could have been historically overpaying £1.7billion a year.
Energy markets has ‘long way to go’
Consumer groups have welcomed plans to protect the most vulnerable customers on pre-payment meters, but warned there is still “a long way to go” before the energy market works for everyone.
Four million customers could see power bills slashed
Around four million households on pre-payment meters will see their power bills slashed and providers will have to share customer data to allow rivals to offer them better deals under proposals announced by the energy watchdog.
Sickness rate reduction ‘could generate hundreds of million of pounds’
The Scottish economy could generate hundreds of millions of additional pounds if the average worker’s sickness rate was cut by one day per year, a study has suggested.