Many fuel retailers are expected to cut the price of petrol to £1 a litre in time for the Christmas getaway. The RAC believes the tumbling oil price will lead to a 3p drop for petrol and 5p for diesel. This would take average prices to around 103p for petrol and 104p for diesel, but experts predict prices will be even lower at many forecourts.
Households paid out less for gas and electricity last year despite rising prices, while otherwise mainly increasing their spending in a sign of consumer confidence, according to latest figures. Families spent 10p a week less on electricity and 30p less on gas in 2014, even though the price of both increased, mainly because of warmer weather and better home insulation, according to the Family Spending report from the Office for National Statistics. One of the biggest falls in spending over the last 15 years has been on cigarettes, with the average household now spending £3.40 a week - down from £3.50 in 2013 and £4 in 2012 - and only 800 of the 5,130 households in the survey buying any at all.
Cortez Subsea has warned workers of false recruitment offers using the company’s name. The managing director of the firm, Alasdair Cowie, said the move had been brought to the attention of staff after offers were sent online.
Ukraine has restored electricity to the Russian-occupied Crimean peninsula more than two weeks after it was cut off, according to the administration in the Kherson region. All electricity supplies from mainland Ukraine were cut off on November 22 when unknown attackers blew up pylons leading to Crimea, leaving the region of two million people with no power.
The Bureau of Safety and Environmental Enforcement (BSEE) in the US said owners of operation rights will be required to submit their expenditures for decommissioning of wells, platforms and other facilities. The move will affect sites on the Outer Continental Shelf (OCS) as part of the final decommissioning costs rule.
Air Energi has secured a deal to supply contract personnel to Qatar Petroleum. The five-year deal, which includes a two-year extension option, will see the company support the national oil company’s offshore redevelopment project at the Bull Hanine oil field. Air Energi will help source candidates from across a number of disciplines including engineering, construction and health, safety and environment and quality.
Ministers from around the world are continuing talks to get a new international climate deal amid an atmosphere of “cautious optimism”.
Robert Gordon University (RGU) has appointed two former industry leaders to its Oil and Gas Institute (OGI).
A number of companies have applied for licences to exploit shale gas in Scotland, according to new data. The investigative journalism website, The Ferret, said a total of nine companies had applied to look at potential shale reserves.
Global carbon dioxide emissions may be dropping slightly this year, spurred by a dramatic plunge in Chinese pollution, research suggests. The unexpected dip could either be a temporary blip or true hope that the world is about to turn the corner on carbon pollution as climate talks continue in Paris, said the authors of a study published in the journal Nature Climate Change. “That shouldn’t tell us we don’t need to do anything, but that shows there is action,” Janos Pasztor, the United Nations assistant secretary general for climate change, told The Associated Press at the Paris climate talks. “Things are going in the right direction. All we need is a strong agreement.”
Global greenhouse gas emissions are set to stall or even fall slightly in 2015 - despite economic growth, a study has revealed.
Syria’s government has accused the US-led coalition of launching air strikes on a Syrian army camp that killed three soldiers and wounded 13. The US has denied the claim, saying the alliance carried out four air strikes against oil wells in the province - all of them miles away from the alleged location of the incident. The city of Deir el-Zour, where the purported strikes happened on Sunday, is mainly held by the Islamic State group, but the Syrian government maintains a presence in some parts of it.
Douglas-Westwood and Hannon Westwood have united as part of the ESIA group of companies.
An outspoken critic of windfarms has called for the resignation of Energy Minister, Fergus Ewing, following a court's criticism of the Scottish Government's handling of a controversial planning application for one of the region's biggest schemes.
The Scottish government is considering how to keep Tata workers in part-time work after the plants shutdown, it was claimed today.
Ruth Davidson has pledged to ensure the north-east is at the “front of the queue” for a share of any new UK Government investment in energy research.
Employee benefits trends in the energy sector and discussion around motivation and engagement were top of the agenda at an employee benefits seminar hosted by Mattioli Woods last week in Aberdeen.
British Tornado jets hit seven targets in eastern Syrian oil fields in a mission described as landing a “very real blow” by Defence Secretary Michael Fallon.
Subsea contractor Ocean Installer has been awarded a contract for field development work in Nigeria for Folawiyo Aje Services Limited.
The bombing of oil fields in Syria robs civilians of the infrastructure they depend upon in their day-to-day lives and will further alienate the local people from the Western cause, experts on the Middle East have warned.
The First Minister has been accused of having more spin than a wind turbine on climate change as she prepares to take part in global talks aimed at cutting environmentally harmful emissions.
Dong Energy has appointed Henrik Brünniche Lund as its new investor relations director.
Carbon reporting from the world's largest companies lacks consistency, making it almost impossible for stakeholders to compare one company's performance easily and accurately with another's, according to a survey from accountancy firm KPMG.
Efforts to secure a new operator for two closure-threatened Lanarkshire steel plants will continue, Business Minister Fergus Ewing has vowed.
RAF bombing raids on oil wells in eastern Syria have dealt a “real blow” to the financing of terror group Islamic State, Defence Secretary Michael Fallon has said.