Tanker collides with platform
A tanker collided with an offshore production platform on New Year's Eve.
In Houston, landmen say few bargains left in Permian
A few months ago, a small Fort Worth driller sold off tens of thousands of acres it had cobbled together in West Texas, earning a $2.8 billion fortune for drilling prolific wells during the worst oil bust in a generation.
UK drilling picks up pace
At the time of writing there were two active E&A wells drilling. Both wells were spudded at the end of May, taking the total well spuds to date in 2017 to five, all of which are exploration.
Energy stocks surge helps FTSE 100 reach record mid-session high
The London market climbed to a record mid-session high, with investors snapping up energy stocks on the back of the rising oil price.
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New OPEC leaders must re-learn fallacy of price stability
Venezuelan President Nicolas Maduro, along with Iran, has called for an OPEC summit early next year to "establish a new mechanism in setting oil prices.” He gave no clue what that mechanism might be, although he did observe that oil producers do all the work, while someone else sets the price and makes the profits.
Military experts warn of ‘epic’ humanitarian crisis sparked by climate change
Climate change could prompt a “humanitarian crisis of epic proportions”, causing mass migration, war and threats to national security, military experts warn.
Iraqi leader predicts is collapse in Mosul
Iraqi prime minister Haider al-Abadi has said Islamic State fighters lack the courage to put up long-term resistance in Mosul as the fight for the country’s second-largest city looks set to extend well into 2017. “We have seen the whole organisation collapsing in terms of standing in the face of our own armed forces,” Mr al-Abadi said.
Fracking for gas better than importing, says Cuadrilla boss
A fracking boss has insisted drilling for gas is better than importing it as the Government prepares to rule on two sites in Lancashire.
Decision expected on Lancashire fracking schemes
The Government is expected to announce whether it will give the green light for two controversial fracking schemes in Lancashire.
FTSE 100 Index soars but pound falls after PM sets date for kick-starting Brexit
London’s premier index soared to a 16-month high and the pound came under pressure as Prime Minister Theresa May vowed to kick-start the Brexit process by the end of March next year.
Pope Francis encourages religious tolerance in oil-rich Azerbaijan
Pope Francis travelled to Azerbaijan on Sunday for a 10-hour visit aimed at encouraging the country’s inter-religious harmony, while overlooking criticism of a referendum that extends the president’s term and powers. Francis’ first stop was to celebrate Mass for Azerbaijan’s tiny Catholic community.
Local authorities handed £9m for energy efficiency projects
Councils have been given £9 million to pilot new ways to improve energy efficiency in homes and businesses.
Pound rises as UK services sector returns to growth
Britain’s powerhouse services sector bounced back last month, as output beat expectations and returned to growth following July’s shock contraction.
Brazilian police clash with protesters rejecting new leader
Police in Brazil’s biggest city clashed with protesters who marched to reject the new president five days after Dilma Rousseff was ousted as leader of South America’s biggest nation.
Protests against Dakota Access oil pipeline ends in injuries
Hundreds of protesters confronted construction crews on Saturday regarding the controversial Dakota Access oil pipeline in North Dakota.
Earthquake felt from Oklahoma to Nebraska to shine spotlight on oil and gas
One of Oklahoma’s largest earthquakes on record has rattled other parts of the Midwest in the US, from Nebraska to North Texas.
President Ali Bongo won Gabon election by fraud, opposition leader says
Opposition candidate Jean Ping has insisted he won Gabon’s presidential election, and accused the incumbent leader of using fraud to secure his victory.
Transocean bosses to break silence over stranded rig
The owners of the oil rig which crashed aground in the Western Isles will break their silence over the incident at a public meeting this week.
Chevron signs LNG deal with JOVO
Chevron has signed a five-year LNG deal with Singapore Carbon Hydrogen Energy, a subsidiary of JOVO.
Dearer fuel and higher air fares push inflation to 0.5% in June
Inflation rose to a higher-than-expected 0.5% last month after fuel prices increased and the Euro 2016 football tournament helped drive up the cost of air fares, new figures show.
Secret documents ‘eases Iran nuclear constraints’
Key restrictions on Iran’s nuclear programme imposed under an internationally negotiated deal will start to ease years before the 15-year accord expires, advancing Tehran’s ability to build a bomb even before the end the pact, according to reports.
Oil exec jailed for massive swindle
An oil executive earning £150,000 a year was locked up for swindling her company out of nearly £1.4million.
Beijing threatens air defence zone over South China Sea
Beijing has said it could declare an Air Defence Identification Zone over the South China Sea, in a move that would sharply escalate tensions in the disputed territory.
Oil price dip fails to prevent post-Brexit vote rises at pumps
Motorists are paying more for fuel at the pumps following the EU referendum result despite the price of oil falling, new figures show.