North Sea to shift to gas in 2018, predicts Westwood
Market research company Westwood predicts a shift to gas as performance continues to grow within the UK North Sea.
Iran says OPEC doesn’t like oil over $60 as it nears $70
A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70 a barrel.
EMEC offers test centre access to renewable developers
The European Marine Energy Centre (EMEC) has opened up the possibility for wind, wave and tidal testing at its four offshore test facilities.
Kreuz Subsea wins multi-million India contract
Singapore-based subsea service firm, Kreuz Subsea, has announced a substantial multi-million contract award with Indian multinational conglomerate, Larsen & Toubro (L&T).
Wood nabs subsea contract for Celtic Interconnector
Oil and gas solutions firm Wood have won the right to supply subsea engineering services to the Celtic Interconnector for EirGrid Group and France’s counterpart Réseau de Transport d’Electricité (RTE).
Petrofac wins rotating equipment contract with Chrysaor
Oil and gas firm Petrofac have announced the award of a North Sea Rotating Equipment Management Services contract with Chrysaor.
Body discovered as oil tanker fire continues to rage off China coast
Rescuers have found a body believed to be that of a sailor from an Iranian oil tanker which caught fire after a collision in the East China Sea, with 31 other people still missing.
Suspected Moray oil rig fire turns out to be moon
Th Coastguard came to an unusual conclusion after a member of the public raised the alarm about a suspected oil rig blaze off the Moray coast.
Young brewer’s exotic beer dreams gain energy backing
A young Aberdeen entrepreneur has brewed up a new concept in craft beers which aims to transport consumers’ taste buds to exotic locations around the world.
Arnlea secure hat-trick of contract wins worth £2million
Aberdeen-based firm Arnlea have today announced a hat-trick of contract awards worth around £2m.
IOS announces £12.5million north-east contract double
North-east storage and inspection firm Independent Oilfield Services (IOS) has announced two major new contract wins totalling more than £12.5 million.
Moray East Wind Farm agrees terms with all objectors
The last hold-out from a group of north-east landowners objecting to a wind farm developer’s attempts to buy a chunk of their land have agreed terms with Moray Offshore Wind Farm (East) Ltd.
Venezuela’s oil production sinks to lowest since 2002
Venezuela's oil production plummeted to its lowest level since 2002 in December as its national oil company PDVSA suffers financial shortfalls, S&P Global Platts said Monday.
Oil toys With $62 amid Iranian friction, U.S. drilling pullback
Oil clung to gains as political tensions in Iran and declining exploration work in the U.S. imperiled production growth.
Burning Iranian oil tanker ‘at risk of exploding’, say Chinese media
An Iranian oil tanker that caught fire after colliding with a freighter off China’s east coast is at risk of exploding and sinking, Chinese state media have said.
Eni to use Songa Enabler to drill Goliat field
Italian oil firm Eni has confirmed that it will use the Songa Enabler semi-submersible rig to drill two wells at the Goliat filed situated in the Artic.
60 Scottish jobs to go amid Doosan Babcock redundancies
Up to 120 workers at an engineering company are facing redundancy amid “extremely challenging market conditions”.
MHI Vestas open UK office
Global wind turbine producer MHI Vestas has announced the opening of a UK office to support an increase in offshore renewables projects.
Big Oil finds hurdles buried in Trump’s ‘America-first’ tax plan
For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.
Global rig count up, as US total takes a hit
The number of working offshore and onshore oil rigs has increased across the world, while the total number in the US has fallen.
Goldman, Citi are said to be in lead for top roles in Aramco IPO
Saudi Arabian Oil Co. is set to appoint Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale.
Ørsted chief quits prompting reshuffle
CEO and executive vice president of Ørsted, Samuel Leupold, has today announced his resignation from the renewable energy developer.
Sellafield firefighters to strike again over pay
Firefighters at the Sellafield nuclear site are to stage fresh strikes in a long-running dispute over pay.
NEC announce 50MW of UK energy storage projects
NEC Energy Solutions (NEC ES), a wholly-owned subsidiary of NEC Corporation, announced today it has completed the commissioning of a total of 50 MW of energy storage projects in the UK with VLC Energy, a joint venture between Low Carbon, a renewable energy investment company, and VPI Immingham, owner of one of the largest combined heat and power plants in Europe and part of the Vitol Group.
Petroleum equipment industry set to reach $200billion
A recent report by US Department of Commerce showed that the petroleum equipment industry, viewed as the predictor of the petroleum industry, will revive within three years to the level right before the oil price plummeted, and the market is expected to hit a new high.