Oil dips as Saudis say OPEC cut still up in the air
Oil gave up some earlier gains after Saudi Arabia’s oil chief indicated OPEC and allied producers have yet to reach consensus on whether supply curbs are in order.
BP to appoint ex-HSBC man as company secretary
BP has revealed the identity of its new company secretary following the retirement of David Jackson at the end of this year.
Energy minister welcomes transition report, says oil sector still vital to Scotland
Scotland's energy minister said today that the oil and gas sector remains a "key component" of the country's energy system and economy.
Big oil battles gender problem that may take generations to fix
When Stacey Olson got her first energy job 29 years ago, she was a "company man." That’s what Chevron Corp. called its representative on an oil rig staffed mostly by contractors.
Cromarty Firth scrubs out oil transfer plans
Controversial plans to transfer millions of tonnes of crude oil between tankers at the mouth of the Cromarty Firth - allegedly threatening dolphins and other marine life - have been scrapped.
Oil rides biggest two-day gain since June as fear of glut eases
Oil headed for its biggest two-day advance since June as concerns over a supply glut eased on hopes that OPEC and its allies will strike a deal to stabilize the market.
The Saudi dilemma: To cut or not to cut
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now, many OPEC members are both desperate while not yet recovered from the 2014 blow. Saudi Arabia is not an exception.
Oil is key to transition, but competition for cash is stiffer, OGUK says
The UK oil and gas sector’s ability to attract new investors and employees has waned as people’s attitudes shift, a top industry body said today.
200 MPs call for pension fund to divest fossil fuel investments
More than 200 MPs have called for their pension fund to phase out investments in fossil fuel companies.
Stop spinning over wind energy
When a politician, someone from a trade body or anyone else with a vested interest fails to tell the public the truth about how well an industry is actually doing, they are not only doing themselves a disservice, but are damaging the prospects of that industry.
BP turning challenge into opportunity west of Shetland
Lessons learned from the first year of Quad 204 production will help BP get its latest west of Shetland mega-project up to full speed, the energy major’s North Sea boss said.
‘North Sea still needs to be nurtured as it makes recovery’
There have been “remarkable successes” for the recovering North Sea this year, but to assume the work is over would be a “mistake”, according to the chief executive of Oil & Gas UK (OGUK).
Scopus chief gets subsea close-up
A co-founder of Scopus Engineering has invested a five-figure sum in a fledgling north-east subsea inspection firm.
Gas-to-wire project hits MER UK ‘bullseye’
The developers of one of the North Sea’s most advanced gas-to-wire (GTW) projects believe the technology “hits the bullseye”.
‘Indigenous gas production vital’, IOG says
Winter is here, bringing with it the prospect of freezing nights, frosty mornings and spiralling fuel bills.
Updated: Shell links executives’ pay packs to climate targets
Energy major Shell said yesterday that pay for its top brass will be tied to the achievement of emissions targets.
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Saudi leadership of OPEC shaky after Qatar’s surprise exit
Qatar’s “surprise” decision to withdraw from OPEC raises questions about the loyalty of the cartel’s remaining members, analysts said.
Canada’s OPEC-style cut stirs ‘slippery slope’ meddling concerns
While Alberta’s plan to mandate OPEC-style production cuts already is boosting oil prices and shares, the revival of Canada’s resource nationalism adds another layer of risk for investors to consider.
Industry standards could be easy passport for US workers
The oil and gas industry has a reputation for being one of the most safety focused sectors in the world. Millions of pounds have been invested over the years to improve work practices, technologies, designs and regulation in the drive to mitigate risk, reduce accidents and prevent injury.
Establishing credibility in a new E&P business venture
A relatively high and much more stable oil price has generated a lot of renewed investor interest in the North Sea upstream E&P sector over the past 12 months or so.
Well Slot: Active wells on shelf at end of month
Westwood Global Energy reports that towards the end of November there were three E&A wells active on the UKCS, with two in the Central North Sea and one in the Southern North Sea.