Soaring production in North America’s most prolific oil field helped propel Exxon Mobil Corp. and Chevron Corp. to bigger-than-expected fourth-quarter profits. Shares for both explorers jumped.
Struggling oil field service company Weatherford International closed 2018 with a $2.8 billion loss, sliding deeper into the red as it moves into what will become its fifth year of losses.
Turnover for the Scottish renewable energy sector almost totalled £6 billion in 2017, according to figures published by the Office of National Statistics (ONS).
Cruise ships, fishing boats and ferries helped boost activity levels at Shetland’s main harbour last year, according to figures released by Lerwick Port Authority (LPA) yesterday.
Energy giant npower is aiming to cut up to 900 jobs under a programme to reduce its operating costs in response to the "extremely tough" UK retail energy market.
Unlocking the full potential of the North Sea will be on the top of the agenda at Subsea Expo – the industry’s annual flagship conference and exhibition.