The thousands of attendees seeking reasons for optimism didn’t find them at the annual International Petroleum Week. Instead they were greeted by a cacophony of voices from some of the largest oil producers, refiners and traders delivering the same message: There are few reasons for optimism. The world is awash with oil. The market is overwhelmingly bearish.
Premier Oil and Noble Energy have issued a termination notice for the Eirik Raude rig.
A tribunal heard yesterday that a boat which crashed into a North Sea rig had "the capacity to take out the platform and all the people on it."
Aberdeen MP Callum McCaig has accused the UK Government of trying to build its "bridge to the future" for the oil and gas industry "on the cheap". The SNP's Westminster spokesman on energy and climate change also called on Energy Secretary Amber Rudd to "put her back into" delivering support for the beleaguered North Sea.
The size and shape of offshore workers in the North Sea oil and gas industry has been found to be "a lot bigger" than two decades ago, according to new research.
An unusually cash rich oil and gas company is pressing ahead with North Sea exploration in the face of low oil prices and a decade of drilling decline.
Two business controlled by multimillionaire Aberdeen businessman Ian Suttie have reported plummeting profits amid the global oil and gas downturn.
A ship master's "bread and butter" error was one of the factors that led to a supply vessel crashing into a North Sea rig at eight times the recommended speed limit, a tribunal heard yesterday.
Sometimes MSPs have to keep asking the same question, and I’ve long since lost count of the number of times I’ve asked how many jobs have been lost In Scotland since the oil jobs crisis began over a year ago.
The Scottish Government has been accused of trying to "dodge" the crisis in the North Sea oil and gas industry.
Petrofac has secured a contract from Zennor Petroleum to provide well design and well construction management services to support the Finlaggan well in the North Sea.
Ministers have faced cross party pressure to announce further measures to help the oil and gas industry after a dramatic drop in the price of crude. Liberal Democrat Lord Bruce of Bennachie warned that the industry was probably facing its “worst ever crisis” and called on the Government to scrap the supplementary charge on oil companies.
Engie has sold a 20% stake in a North Sea oilfield for an undisclosed sum to Wellesley Petroleum.
Oil and gas companies in the UK are increasingly pessimistic about their business prospects, according to a new Business Sentiment Index. The findings, from the fourth quarter of last year, were published by industry body Oil & Gas UK.
Work has begun to repair a leg on a North Sea oil platform which was damaged during stormy weather.
ExxonMobil has said it will plug 22 wells on the Jotun field in the North Sea.
Wood Group today confirmed it had secured a contract extension with Chevron Upstream Europe for four North Sea assets.
Start-up from the £3.5billion Laggan-Tormore gas development west of Shetland paves the way for £690million of investment in the area over the next 10 years.
Weatherford has moved into a second consultation period over jobs from its UK operations.
Private equity firm Lime Rock has splurged £50million to launch a new North Sea company that specialises in both plugging and renewing old subsea wells.
Sterling Resources has been given one month to sell-up or find an investor.
The Oil and Gas Authority must be able to force companies to keep their pipelines and refineries open in the wake of low oil prices, according to Premier Oil's boss.
NOF Energy, the UK business development organisation for oil, gas, nuclear and offshore renewables sectors, is helping Shetland-based energy sector supply chain businesses access new markets.
Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said.
Faroe Petroleum has warned 2016 oil and gas production is likely to be less than it produced in 2015.