The UK Government’s upcoming energy white paper should give “serious consideration” to a proposed £100m decommissioning loan fund, according to a petroleum economist.
The Joe Biden climate plan, Energy sector experts breakdown what to expect as the new US President looks to change the country's climate change stance.
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
What the future might hold for exploration geology in the oil and gas industry is as unclear as it is for the majority of other professions in the energy sector.
Students from both of Aberdeen’s universities have been honoured for their engineering talent with a series of awards.
The plan from Presidential hopeful Joe Biden plan to “transition” away from oil and gas “does not sound very revolutionary”, according to an Aberdeen University professor.
Scientists at Aberdeen University are developing a new production method that could be a “game-changer” for North Sea gas.
A new system designed to recognise the non-technical skills required by helicopter pilots flying search and rescue missions has been developed by Aberdeen University.
Efforts to reduce the UK's offshore decommissioning bill last year were "largely negated" by 5% of operators who increased their costs by £1billion, according to the Oil and Gas Authority (OGA).
Energy giant BP will fund a £14,500 scholarship for Aberdeen University's MSc in Geophysics.
A Covid-19 surge in the US creates a dilemma for oil producers going into crunch talks today and tomorrow.
A new report published has called on industry and government to work together to develop opportunities for the use of marine renewables in the oil and gas sector.
An Aberdeen oil boss has said he is “excited” after making the decision to trade up his 20-year energy career for his passion for teaching.
Scotland's Shell-backed Eco-Marathon teams have vowed to come back even stronger next year after the Covid-19 pandemic resulted in the cancellation of 2020 track events.
Huge sums payed to Scottish wind farms to stop generating electricity are directly related to the difficulty of shutting down nuclear power facilities, according to a new report.
Oil prices rose past $40 per barrel mark on Wednesday amid speculation that quotas for international production cuts could be kept higher for longer.
The “astonishing” changes in the world oil market have left the North Sea industry facing a “very tough” future, a top petroeconomist has warned.
Brent Crude’s rebound yesterday brought it up beyond $30, but the figure is still too low to make an impact for the UK North Sea.
After weathering the storm that was the price collapse of 2014, the oil industry has again been hit in recent months by two new blows almost simultaneously: oversupply (caused by the failure of negotiations between Saudi Arabia and Russia to agree on production cuts and the aggressive response of the former); and a demand shock (reflecting the economic impact of the Covid-19 lockdown).
Cutting costs has added years to the life of Serica Energy’s Bruce platform, but other operators may need to "hasten" the end of some North Sea assets according to CEO Mitch Flegg.
Offshore platforms in the UK North Sea “face the risk of production shut-ins” due to oil storage constraints, according to leading analysts.
A leading petroleum economist has said it would “require something cataclysmic” for the international oil benchmark to follow that of the US into negative pricing.
Still ‘tough’ times ahead for North Sea firms despite global 10m barrel reduction deal, Prof Kemp says
North Sea firms still face “very tough” times despite the Opec cartel and its allies striking a landmark deal to reduce output by almost 10 million barrels of oil per day, a top petro-economist has said.
The Society of Petroleum Engineers (SPE) Aberdeen has awarded £27,500 to 21 students as part of its 2020 bursary programme.
A number of North Sea oil fields will be facing a swifter end to their economic life due to the recent oil price drop, according to a leading petroleum economist.