It's been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The deal--initially aired as ‘an agreement to agree on a deal' in September and signed at the end of November—will likely impact the market for at least the next six months.
Lundin Petroleum has been asked to address concerns about a new drilling method after an inspection by a health and safety watchdog.
Oil and gas training body OPTIO is looking to 'millennial' culture as part of its annual safety conference this year.
New production projects and a fresh shale boom could boost oil output by a million barrels per day (bpd) year-on-year and result in an oversupply in the next couple of years, according to Goldman Sachs.
A North Sea production vessel contracted on behalf of energy giant Shell was found to have a backlog of nearly 500 mechanical corrosion and defect reports during a recent safety inspection.
Watch the world-record transport of the 80,500 ton Floating Production Unit (FPU) Likouf onboard the Dockwise Vanguard, from South Korea to Gabon.
Scottish First Minister Nicola Sturgeon’s political fight for another independence referendum might just be a prelude to the economic one lying ahead.
EnQuest chief executive Amjad Bseisu said yesterday he expected North Sea mergers and acquisitions (M&A) activity to increase in 2017.
An event celebrating the business links between the north-east and Houston has marked its landmark fifth anniversary by welcoming its largest ever international delegation.
Oil industry investor Morris Zukerman was sentenced to 70 months in prison for evading $45 million in taxes, a scam that included a bogus $1 million charitable donation and fibs to his own accountants. He was also fined $10 million.
#Oil17: New World Order is the publication’s third annual sector survey.
Airline passengers travelling to the UK from six countries in the Middle East and North Africa are to be banned from carrying laptops and other large electronic devices as cabin luggage, Downing Street has announced.
Attendees of the inaugural Press and Journal Energy Cup in association with Balmoral Group raised £2,700 for local charity Friends of ANCHOR.
The North Sea oil and gas downturn is continuing to hamper the recovery of the Scottish economy, according to new research.
RockRose Energy is close to signing a deal with Maersk Oil to acquire non-operated interests in the Wytch Farm, Scott and Telford fields.
An energy firm has welcomed backing for its plans for a 250ft wind turbine.
The Price College of Business Energy Institute at the University of Oklahoma will host its fifth annual Energy Symposium, March 30, 2017, at the Devon Energy Center in Oklahoma City. The event will feature two panel sessions: “Forces Shaping the Future of Energy – Global and U.S. Big Picture” and “Challenges and Opportunities in the U.S.” The sessions will focus on the impact of technology and innovation in areas such as global supply and demand. Speakers from areas in business and academia will encourage discussion on challenges facing the energy industry. Energy Institute board of advisors members, Mike Stice and Bruce Stover, will moderate both panel sessions.
Norway's safety watchdog the PSA has carried out an investigation after five people were exposed to potentially deadly hydrogen sulphide (H2S) gas.
A controversial £2billion Scottish wind farm off the east coast of Scotland has been given another chance after overcoming a major development hurdle.
The increasing role tourism can play in the north-east economy after the oil and gas slump was the focus of an expert gathering yesterday.
Bahamas Petroleum Company has been give another years leeway on starting activity in the region.
Ukraine's Ministry of Justice is taking JKX Oil and Gas to the High Court of the UK in a bid to overturn an award in favour of the company.
Statoil has released footage of the Njord A platform being towed to the Kvaerner Stord yard in Norway last summer.
Marathon Oil (NYSE:MRO) has snapped up another 21,000 acres of Permian basin for $700million in cash.
Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud, according to Indonesian police.
