The purpose of the new research paper by Linda Stephen and myself is to throw light on the implications of “lower for longer oil prices” on long term activity in the UKCS to 2050. The oil price scenarios employed are $50 and $60 in real terms. For the year 2050 these translate into $96.1 and $115.3 in money-of-the day terms. The price scenarios are not forecasts.
The fate of the North Sea's grounded Super Puma helicopter fleet could ultimately be decided by factors like public confidence not just safety assurances, a union chief today claimed.
Royal Dutch Shell is "not aware" of any evidence to support a corruption case that has seen a number of people indicted for trial in Italy.
Catch-up on all the week’s top news with Energy Voice’s Friday Five. Scroll through our gallery to see what oil and gas tax specialist and EV’s guest editor Derek Leith chose as his top picks of the week.
Footage has emerged of a Scottish pelagic trawler bouncing through a stormy North Sea. The clip shows the extent of the waves that can build up during the winter months. Do you have good videos or photos of life in the North Sea? Send them to alan.shields@ajl.co.uk and we will share the best online.
Statoil is aiming to reduce its annual CO2 emissions by 3million tonnes by 2030.
Chemical giant INEOS is to build Europe's biggest LPG storage tank.
Statoil has released footage of ongoing work for the Johan Sverdrup field.
ExxonMobil (NYSE:XOM) has acquired a 25% interest in a natural gas-rich block off the coast of Mozambique in a $2.8billion deal.
The boss of oil giant Royal Dutch Shell (LON: RDSB) was handed a 54% hike in his pay package last year to £7.5 million despite sliding profits.
A former BP executive has been charged in connection with obtaining $3.95 million in bribes in what is being described as one of the largest corruption cases in the country.
Chemical multinational INEOS has acquired Engie E&P's onshore licences, bringing its total acerage to 1.2million acres.
Marathon Oil (NYSE:MRO) is ditching its Canadian oil sands operations in favour of acreage in the Permian basin.
Unite claims offshore trade unions "must" be represented on the expert panel proposed by the Chancellor of the Exchequer.
Amec Foster Wheeler has been awarded a contract by GNL Quintero to provide engineering services at its regasification terminal in Chile.
Global oil prices have reached the level where demand for talent picks up again, a recruitment agency claims.
New “T-Levels” are to be introduced as part of a fresh bid to give technical training equal standing to academic education, the Chancellor has confirmed.
American oilfield services and equipment provider McDermott International intends to build a fabrication yard at a shipbuilding complex planned by national oil giant Saudi Aramco on the kingdom's east coast.
A US government watchdog has asked lawmakers to investigate whether billionaire investor Carl Icahn should have been subjected to disclosure laws when he advised President Donald Trump on overhauling the country's biofuels programme.
Supermajor BP is the latest company to welcome North Sea talks on possible changes to the tax regime.
The chief executive of Scottish Chambers of Commerce has hailed tax relief talks for the North Sea as a "welcome first step" to maximising economic recovery.
Two law firms have backed the Chancellor's move to examine possible North Sea decommissioning tax relief but warn the issue must be tackled now - before it is too late.
Experts are to consider how taxation can be used to help the North Sea oil and gas sector.
The Chancellor to the Exchequer has delivered hope for late life North Sea assets and the firms who will be tasked with their decommissioning, according to an industry expert.
Statoil has halted drilling operations on the Gullfaks B after a 17 ton crane crashed 10 meters to the deck, according to Norwegian media reports.
