Oil 2017: expect three Rs, claims consultancy
The North American oil and gas industry should be braced for restructurings, realignment and rebuilding in the year ahead, according to a global consultancy firm.
Ghana’s only refinery shut after explosion
Ghana's only oil refinery is shut after an explosion turned a €5.8miilion furnace into scrap.
Chevron suffer losses of $2billion in 2016 amid oil downturn
Chevron suffered losses of more than $2billion last year as low oil prices continued to weigh on the US major’s balance sheet.
Shell close to sealing deal on North Sea asset sell-off, sources claim
Shell is close to sealing the deal to sell a large part of its North Sea oil and gas assets, according to several banking sources.
US gas may be one trade that survives Trump’s Mexico showdown
It could take more than a political standoff between President Donald Trump and Mexico to keep U.S. shale gas from flowing south.
Statoil moves forward with drilling plans on Norwegian Continental Shelf
Statoil is pressing ahead with drilling plans in the Norwegian Sea after getting permission to use the Songa Encourage semi-submersible.
Aker BP receives consent to remove emergency response vessel from Alvheim field
Aker BP has received consent to remove the dedicated emergency response vessel from the Alvheim field, around 260 kilometres west of Stavanger.
Updated: Total’s Elgin well issues no longer ‘ongoing incident’
The Health and Safety Executive is investigating after a well incident during one of Total's North Sea drilling operations.
Breaking: Total battling well ‘difficulties’ on North Sea’s Elgin B platform
French energy giant Total is battling issues with a new well in the Elgin-Franklin field.
CIA proposed Falklands oil deal with Argentina weeks before war
American spy chiefs proposed striking a 50/50 oil deal with Argentina just weeks before a war that claimed the lives of more than 900 people.
World first as Ireland backs ban on public money investment in fossil fuels
The Irish parliament has become the first in the world to back a ban on investing public money in fossil fuels.
World’s largest rig builder Keppel cut 10,000 staff last year, posted smallest profit in a decade
The world’s largest builder of oil rigs cut its workforce by more than 10,000 people in 2016.
Lebanon relaunches offshore licensing round following political stalemate
Lebanon has relaunched the country's first offshore licensing round for oil and gas exploration following a political paralysis which put the development of the nation's hydrocarbon industry on hold for three years.
Formula One’s Renault ditch French fuel firm Total in favour of BP
Formula One team Renault are ditching their French fuel supplier in favour of BP and its Castrol brand.
Millions of barrels of Venezuelan oil stuck at sea in dirty tankers
More than 4million barrels of Venezuelan crude and fuels are stranded in tankers anchored in the Caribbean unable to reach their final destination due to dirty hulls, according to reports.
Video: Take a look at Shell’s city concept car
Oil and gas giant Shell’s dinky prototype car is “packed with potential”, having been designed to use 34% less energy than other “city” models.
‘Steve Jobs’ of oil drilling carved Baker Hughes path to GE Deal
Martin Craighead’s knack for innovation helped turn Baker Hughes Inc. into a sort of Apple Inc. for oil services.
Subsea Expo 2017: Firms urged to broaden horizons to capitalise on $5billion UK export market
Subsea UK is calling for British firms to broaden their horizons in a bid to sustain long term growth in the industry.
American oil giants Exxon and Chevron announce boardroom changes
Two American oil giants have announced changes at the top.
Scots businessmen back Middle East crew specialists
Two Scottish businessmen have given their backing to a Middle East based crew management specialist.
Ocean Installer wins subsea contract down under
Norwegian subsea firm Ocean Installer has been awarded a contract for riser installation work in Australia.
SNP face renewed ‘frack attack’ from Tories over moratorium
A political row has erupted over the SNP's continued fracking ban.
Opinion: UK strategy has fleeting mention of O&G, but Scotland has vision
Over the past five decades, North Sea production has established an industry that has generated over £330 billion in corporation taxes and petroleum duties, over and above income tax, VAT and other revenues. The industry currently supports almost 125,000 Scottish jobs.
Half of all Norweigian accidents should have raised red flags beforehand
Red flags should have been raised in half of all health and safety incidents in the Norwegian sector prior to the mishap, according to new research.
North Sea: Old oil field gets new lease of life
An Aberdeed-based offshore firm has pledged to extend the life of one of the North Sea’s oldest oil fields after taking over from BP as operator of the Sullom Voe terminal.