Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by U.S. oil major Chevron Corp. that’s worth about $2 billion, according to people familiar with the matter.
Motorists enjoyed instantly faster journey times yesterday as business and political leaders celebrated the grand opening of the first major section of the long-awaited Aberdeen bypass.
Oil traded below $52 a barrel after U.S. crude inventories slid less than expected and added to concerns that the OPEC+ coalition’s output cuts won’t be enough to avert a supply glut.
The tax gap between Scotland and the rest of the UK will widen after Derek Mackay unveiled a budget that failed to pass on the UK Government’s income tax breaks for higher earners.
Aberdeen marine and naval architects are putting their skills to good use in a way which will help deliver free, vital medical care to some of the poorest countries in the world.
If the world went all out in its fight against fossil fuels it would cost Norway more than £630 billion, almost the same amount it has stashed in its massive sovereign wealth fund.
By Karen Blanc, AXIS committee member and operations lead at Atkins in Aberdeen
Karen Blanc is operations lead at Atkins’ Aberdeen oil and gas office, and a committee member of the Aberdeen X-Industry Support (AXIS) Network, a group set up to raise awareness of how gender diversity impacts the north-east energy sector. Here, she speaks on behalf of AXIS.
By Hazel Robertson, Luke Robertson and Kirsty Lynch - Pale Blue Dot Energy.
Pale Blue Dot Energy, the company behind the Acorn Carbon Capture and Storage site at St Fergus, writes for Energy Voice from the COP24 conference in Katowice, Poland.
The Mexican government has cancelled bidding on two auctions that would have allowed hydraulic fracturing in the border state of Tamaulipas and brought more foreign oil companies south of the border.
Brazilian state oil company Petrobras will terminate more than 50 Houston jobs next year after selling much of its Gulf of Mexico assets into a new joint venture.
By Ole Hansen, head of commodity strategy at Saxo Bank
The Opec+ deal to curb production to the tune of 1.2m b/d over the coming months has helped stabilise and potentially create a floor in crude oil. However, while the supply outlook has steadied and created some support this week, the market remains worried about the ongoing trade war between the US and China and its potential negative impact on growth and demand into 2019.