Persistent negativity by the European Parliament directed towards Azerbaijan risks alienating an “important partner” and its people, Baku has warned, after recent comments by EP President Martin Schulz.
A key Democratic congressman said Friday he is backing the nuclear deal with Iran after President Barack Obama wrote him a personal letter saying the US has options to curb Iran if it violates the agreement.
The price of fuel in the UK could drop to £1 per litre amid falling oil prices, as supermarkets head towards a potential petrol price war.
Philip Hammond will visit Iran as the UK reopens its embassy for the first time since it was attacked by a mob in 2011.
United States President Barack Obama promised Democrat politicians the US will continue to put economic pressure on Iran - and keep military options open - if his administration’s nuclear deal with Tehran goes through.
Santos Ltd. Chief Executive Officer David Knox will step down after seven years in the role as the Australian oil producer reviews its options amid a plunge in crude prices, the company said Friday. Knox will depart once a successor has been named, the Adelaide-based company said in a statement after reporting an 82 percent drop in first-half profit. The slide in oil prices has put pressure on Santos as the company prepares to start its $18.5 billion liquefied natural gas project in Queensland state. The Australian energy producer has cut spending and jobs while flagging the possibility of asset sales as it copes with the oil market downturn. Santos shares have fallen 62 percent in the last year.
Statoil has confirmed a new director has been elected to its board.
Kongsberg Maritime has launched a new European support centre for its Seaglider autonomous underwater vehicle (AUV).
Never was the transition from one industrial age to another more starkly illustrated than in this edition of the north-east of Scotland’s best-selling newspaper in April 1970.
The Energy Technologies Institute (ETI) is seeking partners for a project to study the impact of removing brine from under-sea stores which could be used to house captured carbon. The project will produce a cost-benefit analysis of brine production, using the CO2Stored database and models developed in the ETI’s UK Storage appraisal project as a starting point. Analysis will cover both saline aquifers and oil and gas reservoirs.
Many households are facing a shock rise in their energy bills in September, a price comparison site has warned.
Glacier Energy Services has made a key appointment to its non-destructive testing (NDT) business.
The head of industry trade body Oil and Gas UK will address the Offshore Decommissioning Conference held in Scotland later this year.
Amec Foster Wheeler has been awarded a contract by Hanwha Energy for the design and supply of a steam generator for a new power plant in South Korea. The win comes just a day after the company announced it had entered in an extension on the UZ750 project on one of the Gulf’s largest oil fields. Amec Foster Wheeler said under the contract it will design and supply the 100 MWe steam generator for the power plant’s boiler island and provide onsite technical advisory services.
The village of Balcombe which was at the centre of protests against fracking has moved a step towards of becoming self-sufficient through renewable energy with the installation of solar panels at two schools. More than 50 local investors have helped pay for the panels which are being put up at Balcombe Primary School and Turners Hill School following a pilot scheme which saw 69 panels installed on a cowshed at Grange Farm. The village is also aiming to install a 5MW solar farm at nearby Chiddinglye Farm, West Hoathly, which would mean enough electricity produced to supply both Balcombe and West Hoathly.
U.S. Democratic presidential candidate Hillary Clinton on Tuesday staked out her opposition to Arctic oil exploration, putting her at odds with the Obama administration one day after it approved drilling off Alaska. "The Arctic is a unique treasure," Clinton said in a Twitter post. "Given what we know, it's not worth the risk of drilling." On Monday, the Obama administration gave Royal Dutch Shell final approval to resume drilling into the oil zone off northern Alaska for the first time since 2012.
A new £25 million green energy centre at St Andrews University will put the institution at the “cutting-edge” of environmentally-friendly technology, according to a Scotland Office minister. The project will create 225 jobs and it is hoped the site at Guardbridge will help regenerate part of north-east Fife, with apprenticeships and opportunities in the construction of the centre. The scheme is part of a drive by St Andrews to become the UK’s first carbon-neutral university. The biomass facility will use only virgin roundwood, locally sourced from forests, and hot water from the plant will be pumped underground to heat and cool laboratories and student residences in St Andrews.
The US Environmental Protection Agency (EPA) is expected to propose regulations which will be aimed at reducing methane emissions by between 40 and 45% from the oil and gas sector over the next decade. The move is part of a wider strategy in place which is looking to reduce both greenhouse gases as well as combating climate change.
Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd. agreed to jointly market their liquefied natural gas tankers for spot charters as trading of flexible cargoes widens. The Cool Pool, the first-ever LNG carrier pool, will open in September with 14 ships, the companies said Tuesday in a joint statement. It will include accords for 12 months or less. LNG spot trading is expanding as new Australian supply adds to output and the US prepares to start exporting the fuel from its Gulf Coast this year. New importers including Egypt are driving demand as buyers under long-term deals such as Japan and South Korea curb purchases amid lower usage. Spot fixtures in the LNG shipping market rose to 97 this year through the middle of August from 78 a year earlier, according to GasLog, which owns 19 carriers.
Peak Oil & Gas has strengthened its team with the appointment of a new non-executive director. The company said Peter Armitage, an experience public company director, will join the board.
TCO said it has expanded its workforce by a third after strong sales results for the company. The well completion technologies provider has employed eight new members of staff within the past six months for its UK base, including a new managing director. Paul Betteridge was appointed in March in response to company growth and to focus on TCO’s international expansion.
Subsea navigation and positioning specialist Sonardyne has opened its first permanent office in France to help support its customers in the Mediterranean.
The Norwegian Petroleum Safety Authority (PSA) has warned North Atlantic Drilling (NAD) that an incident on a drilling unit could have caused injury to staff. An investigation by the PSA was carried out after an incident on the West Venture in March this year when it was operating on the Troll field. It comes at the same time as Transocean were hit with a report outlining concerns over safety following an incident the same month.
The Norwegian Petroleum Safety Authority (PSA) has called for a number of improvements to be made after a roustabout was injured on the Transocean Barents drilling unit. The incident, which happened in March this year, left the worker with injuries to his head, neck and back. He had been carrying out an inspection of the derrick when the accident happened.
Nigeria’s Accident Investigation Bureau (AIB) has recovered the flight data recorder from a helicopter which crashed on the way from an oil platform. The incident earlier this month left six people dead and others injured after the Sikorsky 76 Bristow helicopter crashed into a lagoon. The aircraft had been carrying 10 passengers and 2 crew when the incident happened.