The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014.
Each time a report or study is published on maximising the UKCS potential and securing a stronger, higher oil price in the future we see one glaring similarity: the importance of increased productivity.
A Scottish politician has criticised the UK's Office for Nuclear Regulation (ONR) over changes to safety regulations for the Hunterston B power station in Ayrshire.
Crude flow has resumed from northern Iraq's Kirkuk fields after production was halted by Kurdish forces storming a facility in protest at the national oil policy.
Kuwait Energy Plc is planning an initial public offering in London that could value the oil and gas exploration business at as much as $1 billion, according to unnamed sources.
Aberdeenshire East MSP Gillian Martin is to write to the Scottish Government over alleged discrimination against job hunting former oil and gas workers.
I’ve played in the Highland League for over 10 years and from my experience of the football transfer system I find the concept of an oil and gas employee loan scheme really appealing.