Pilot Energy has reached a settlement agreement with Royale Energy following a dispute over the Western Block project in Alaska. The company said under the terms the parties have agreed to release each other from all current and future claims relating to the disagreement.
High Arctic Energy Services sad its chief financial officer has stepped down from the business. Ken Olson will remain with the firm until his replacement has been appointed.
A new initiative to develop an orderly shift to a low carbon economy - backed by energy giants including Shell and BHP Billiton - was officially launched today.
Sound Oil confirmed a leadership reshuffle after two of its senior leaders stepped down.
Consumers have made nearly 20 times as many complaints per 100,000 customers about some energy companies as they have about the best-performing suppliers, according to Citizens Advice.
The multi-billionaire founder of Microsoft has launched legal action against oil giant Petrobras as well as the Brazilian arm of big four accountancy, PWC.
Former BP boss Lord Browne has weighed in on the Volkswagen scandal.
An investigation has been launched after a man died after falling 10 metres at a gas-to-liquid refinery plant.
Labour leader Jeremy Corbyn has accused the SNP of wearing an “anti-austerity badge” while pursuing policies which continue it, or could make it worse in future.
Volkswagen was warned years ago about the use of illegal tricks to defeat emissions tests, according to reports in the German media.
Volkswagen executives in Germany controlled the key aspects of emissions tests whose results the carmaker now admits were faked, according to three people familiar with the company’s US operations.
Singapore's EMAS Offshore has appointed Captain Adarash Kumar as its new chief executive.
Republican presidential candidate Jeb Bush will unveil a national energy plan next week that is a key part of his pledge to spur 4 percent economic growth. The plan, which Bush will detail at a natural gas company near Pittsburgh, is the latest roll-out from the former Florida governor as he attempts to sell himself to voters as the policy heavyweight in the field and steer clear of the personal battles that have erupted in the nomination race as Donald Trump has risen in the polls. Bush’s team will give a sneak peak of the plan to donors on Monday, a day before the candidate discusses it publicly, according to an invitation obtained by Bloomberg. On Tuesday, Bush talks about the plan during a campaign event at Rice Energy Inc., a company based about 35 miles outside Pittsburgh that acquires, explores and develops natural gas and oil properties in the Appalachian Basin, said Tim Miller, a Bush campaign spokesman.
A court in Oslo has ruled in favour of Norway in a lawsuit involving a group of international investors. They had argued that the country’s decision to cut natural gas pipeline tariffs would have cost them more than $1billion in lost earnings by 2028. The four firms owned by funds including Allianz, UBS, the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board alleged that Norway had illegally cut fees on the 8,000lm Gassled gas pipeline network. The four firms have said they would consider whether to appeal the decision.
Capture Power said it would retain its commitment to the delivery of the White Rose Carbon Capture and Storage (CCS) project after one of the consortium members pulled out. Drax said it was pulling out of the major scheme to develop technology to store emissions amid concerns over Government green policy changes. The company blamed the “drastically different financial and regulatory environment” which has seen the wholesale price of electricity drop and moves by the Government to rein back support for low carbon technology.
Volkswagen is set to name Matthias Mueller as its new chief executive after the company was embroiled in a scandal over an alleged US vehicle emissions test rigging. The head of the Porsche sports car brand has been widely tipped to succeed Martin Winterkorn who stepped down from his role earlier this week. Officials in both Europe and the United States have stepped up their investigations into the scandal.
Drax power company has announced it is pulling out of a major scheme to develop technology to store carbon emissions, amid concerns over Government green policy changes. The firm said it would complete the feasibility study on a carbon capture and storage (CCS) project to catch up to 90% of emissions from a power station and store them permanently under the North Sea, but would not invest any further in the “White Rose” scheme. Drax blamed the “drastically different financial and regulatory environment“ which has seen the wholesale price of electricity drop and moves by the Government to rein back support for low carbon technology.
The Chancellor of the Exchequer plans to lead a trade delegation to Iran next year if the country stays committed to a nuclear deal with other world powers. According to the Financial Times, the move would be made after six world powers agreed earlier this year to lift sanctions in return for the Islamic Republic accepting long-term curbs on a nuclear programme.
Amec Foster Wheeler has appointed Roy Franklin as an independent non-executive director. He takes up his role on January 1, 2016.
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An Aberdeen firm best known for its photographic work on offshore installations and at crime scenes is to carry out a technical survey as part of the decommissioning of the Dounreay nuclear plant in Caithness. Return To Scene (R2S) will use its visual asset management (VAM) system to produce images of part of the complex, which will in turn be used in support of dismantling and restoration work at the site. The R2S team is already on location and project delivery is anticipated by mid-October.
MOL Group has launched the second year of its talent acquisition programme inviting students to compete for a main prize and kick-start their careers. The UPPP programme allows students to compete via an online simulation game where they take part in virtual scenarios over the internet and solve industrial and strategic tasks. This year young female students in particular are being asked to take part.
UK councils have invested £14billion of pension funds in fossil fuels, an average of £218 per resident across the country, analysis suggests.
Aberdeen hotels have been hit by an 18% decrease in prices since the collapse in oil prices started biting at the start of the year, new figures have shown. The Hotel Price Index on room prices across the UK found that the Granite City was the hardest hit in the six months to June compared to the same period last year. Aberdeen room rates fell to an average paid per night of £97 from £118. Dundee followed with a rates decrease of 8% to £83 from £90 per night last year.
Pope Francis has opened his visit to the United States with a call for action to combat climate change.