Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with US and Nigerian authorities over the proceeds of the sale of a luxury yacht.
North Sea industry recently had a week free of evacuations of workers with Covid-19 symptoms from offshore platforms.
Spirit Energy has reached a “crossroads” at its Chestnut field in the central North Sea as it weighs up whether to drill new wells.
An Aberdeen-based oil and gas duo who got together to form a new venture keeping business premises free of Covid-19 have already expanded to cover Inverness and Dundee.
A North Sea oil worker has captured stunning footage of the moment a pod of orcas surrounded his vessel.
Russian mercenaries are reported to have arrived at the Sharara oilfield, Libya’s National Oil Corp. (NOC) has said.
India’s largest private refinery halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry.
A spike in U.S. coronavirus cases is threatening the oil market’s recovery from its historic plunge into negative territory.
The coronavirus pandemic, together with a global collapse in oil price, has seen the offshore industry experience hugely turbulent times during the first half of 2020.
Cheiron has begun producing crude from a new field in Egypt’s southern Gulf of Suez, following the GNN oil discovery.
Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude.
An oil worker from the Highlands who died suddenly in Azerbaijan has been remembered as a “cheeky character” and a “kind bloke”.
The North Sea oil and gas industry is poised to benefit from a new £4.5 million scheme to support the retention of essential skills during and after the Covid-19 crisis.
Economy Secretary Fiona Hyslop has hinted that an oil and gas “transition training fund” will be relaunched to help offshore workers who have lost their jobs during the pandemic.
The world needs emissions cuts on a par with those delivered by the Covid lockdown every other year for the next 25 if it is to reach net-zero by 2050, BP’s chief executive said today.
A tank has collapsed at Libya’s Sharara field, the National Oil Corp. (NOC) has reported.
North Sea helicopter operator CHC is poised to lay off more than 20 employees in Aberdeen amid the crude price slump and Covid-19 pandemic.
BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion (56-70%) shows the accounting impact of its energy transition strategy.
The UK’s offshore oil and gas sector today made an ambitious pledged to wipe out half of its emissions over the next decade.
US supermajor ExxonMobil is gearing up to restart the sale of its UK North Sea business, a news report said.
Oil and gas workers have hit out at what they deem to be “ridiculous” Covid-19 quarantine rules that have made a section of the industry “second-class citizens”.
Oil is heading for the first weekly loss since late April in New York on fears a second wave of U.S. infections could derail a fragile recovery, while swelling stockpiles raised fresh concerns about excess supply.
Crude futures plunged by the most in more than two weeks as jitters reverberated through markets a day after the Federal Reserve provided a gloomy outlook for the U.S. economy.
Kuwait intends to ban the practice of hiring expatriate workers at Kuwait Petroleum Corp. (KPC) and its subsidiaries.
Oil slumped as an increase in American crude stockpiles to a record high raised fresh concerns about excess supply, while the Federal Reserve forecast a long road to recovery for the U.S. economy.