Commodities research group forecasts $80-$90 a barrel average for 2020
BMI Research Group said oil prices had "strengthened faster than anticipated" and has upgraded its 2020 forecast to a $80-$90 per barrel range.
BMI Research Group said oil prices had "strengthened faster than anticipated" and has upgraded its 2020 forecast to a $80-$90 per barrel range.
Akastor ASA owned company AKOFS Offshore today announced the signing of a letter of intent with Norwegian energy firm Equinor, formerly Statoil, for well intervention services.
Offshore engineering and traditional oilfield services company Petrofac has signed a watershed agreement to provide engineering services to six UK wind projects.
Statoil’s decision to operate under the rebranded name Equinor has been condemned as “nothing but greenwashing” by climate activist group, Greenpeace.
A ground-breaking study to ensure North Sea workers could escape from helicopter windows has been recognised with a prestigious award.
The International Energy Agency cut forecasts for global oil demand growth in 2018 as the highest prices in three years put a brake on consumption.
Time-lapse footage provided by wind farm construction firm Vattenfall shows the build of the Aberdeen Offshore Wind Farm's sixth turbine.
Borr Drilling said it would buy five newbuild jack-up rigs from Keppel for £550million.
Wintershall has handed in its plan for developing the North Sea Nova field at a cost of £900million.
Hurricane Energy said today that offshore installation work had begun on the Lancaster field's early production system.
The Oil and Gas Authority has approved two farm-in deals on a licence in the Moray Firth.
Premier Oil expects to generate "significant free cash flow" in the second half of 2018 thanks to higher crude prices and increased production from the Catcher field.
Equinor, formerly Statoil, has awarded Aker Solutions a £91million for the supply of a module for the Troll A platform.
Statoil confirmed this morning that its new name, Equinor, was approved at the firm's AGM yesterday.
The Oil and Gas Technology Centre (OGTC) has said that small tech developers need to overcome “naivety” in order to meet the needs of North Sea operators.
Global industrial and energy firm Actuant Corporation has bought Aberdeen-based energy services company Equalizer International.
The global economic impact of oil hitting $100 a barrel won’t be as big as when that happened in 2011 thanks to changes in the U.S.
The UK Government has agreed to loan Brazilian state-owned oil firm Petrobras nearly £300million.
An Oslo court has ordered Statoil to pay Chinese firm COSL compensation for cancelling contract following a fatal accident on a rig in 2015.
Repsol SA will no longer seek growth for its oil and gas business in preparation for the global transition to cleaner energy, according to a person familiar with the matter.
Europe is facing power generation capacity shortages and may even risk blackouts without additional use of natural gas, one of the continent’s biggest producers of the fuel said.
Major European powers and Tehran have committed to keep working together to save the Iran nuclear deal despite US president Donald Trump's determination to kill it off.
A collapse in investment in clean energy is threatening the Government’s ability to meet its legally binding carbon budgets, MPs have warned.
ConocoPhillips Chairman and Chief Executive Ryan Lance said the Houston oil producer is pressing forward with recouping the $2 billion it is owed by Venezuela.
Government rule changes to the way contracts to “green” energy suppliers were awarded will add £100 million-a-year to electricity bills, the Whitehall spending watchdog has found.