OPEC expected to cut oil production to support price
Opec countries are meeting to find a way to support the falling price of oil, with analysts predicting the cartel will agree to cut production by at least one million barrels per day.
Opec countries are meeting to find a way to support the falling price of oil, with analysts predicting the cartel will agree to cut production by at least one million barrels per day.
Further talks between the Offshore Contractors' Association (OCA) and North Sea unions are due to take place next week.
Italy’s Five Star Movement used to rave about towns like Montieri, a village in the verdant Tuscan foothills that burns little coal or natural gas. Instead, the local power plant harnesses steam rising naturally from hot springs deep underground to generate electricity.
A Chinese state-owned maritime giant which completed the largest single-lift sea salvage operation in history will today open the doors to its first UK office in Dundee.
OPEC and its allies must cut oil production by 1.5 million barrels per day next year if they want crude prices to surge above $70 again, an analyst said today.
The UK Government has said it will encourage other oil and gas firms to follow Shell in linking executives’ pay packs to climate targets.
The Oil and Gas Authority (OGA) has handed it out its first license allowing offshore exploration for the purposes of a pioneering clean energy scheme.
A Norwegian oil firm has raised concerns about an asset swap deal agreed by the Aberdeen company it is attempting to take over.
Canadian Natural Resources International has outlined plans to boost its international oil output in 2019, driven by drilling programmes in the North Sea and Cote d’Ivoire.
Anyone in the UK energy industry who didn’t clock the dramatic weather headlines of November 26 must have had their head in the sand.
Politicians are being encouraged to look to the north and north-east to shape the way business support services are delivered across the country.
Aberdeen-based Well Centric has taken over rival well integrity specialist Simmons Edeco Europe.
Alpha Petroleum has hired the Stena Spey semisubmersible rig for work at one of the largest undeveloped fields in the UK North Sea.
Germany is in the process of transitioning away from nuclear and fossil fuels towards a low carbon, environmentally sound, reliable and affordable energy policy.
Transocean confirmed today that it had completed the acquisition of Ocean Rig. The acquisition adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction to Transocean’s existing fleet.
Efforts are being made to map out the need for new skills and retraining of workers in the oil and gas sector.
Shadow Chancellor John McDonnell yesterday said he would produce a tax regime that supports the oil and gas industry if Labour wins power at a general election.
A global supplier of steel tubes to the energy sector has said Argentine prosecutors don't have the authority to place its boss under preventative detention.
We know the industry must build upon its efforts to recruit and retain a diversity of new talent if it is to realise its overarching ambition for the future – to add another generation of life to the basin through Vision 2035 – and great strides are already being taken with women across the industry making a positive, lasting impact.
Subsea UK and Japan’s Nippon Foundation have issued a call for North Sea firms to enter into a multi-million pound investment opportunity.
The Aberdeen bypass contractors yesterday said the Stonehaven, Charleston and Craibstone stretch of the dual-carriageway will open next week as they also admitted the entire project has cost more than £1 billion.
Global carbon dioxide emissions from fossil fuels and industry have risen by more than 2% in 2018 to reach new record highs, scientists have said.
The Scottish Government needs to "act now" on the energy transition if it wants to hit ambitious emissions reduction targets, according to the leader of the Scottish Greens.