RMEC look to coming year with hope after difficult last twelve months
The managing director of Angus-based energy services firm RMEC is focusing on increasing revenues after a tough year in which the group posted a seven-figure loss.
Highland ‘restricted meter’ customers experience higher bills
Thousands of energy customers in the Highlands with no gas connection are being hit by much higher bills than those with gas, according to a not-for-profit supplier offering a new tariff aimed at beating fuel poverty.
WorleyParsons’ new energy director is looking to tomorrow
As global energy companies look at how to use renewable energy sources there is no doubt that more appointments, like that of group managing director Tony Frencham, will become more commonplace.
Dounreay strike action called off after union meeting
Strike action at Dounreay nuclear plant in Caithness has been called off by the union GMB.
Rowan buys two new drilling rigs to replace older jack-ups
Rowan Drilling has announced the purchase of two jack-up rigs from Petrobras for a price of $35.8 million each.
ExxonMobil celebrate sixth South American oil strike
ExxonMobil Corporation today announced the sixth oil discovery off the coast of Guyana since 2015 from its Ranger-1 well.
China ups North Korea trade restrictions, enforces oil supply cap
China has tightened restrictions on trade with North Korea under UN nuclear sanctions, imposing a cap on oil supplies to the North and banning imports of its steel and other goods.
China Great Union Petroleum drop offer for San Leon
A deal to acquire interest in San Leon Energy will no longer proceed from China Great Union Petroleum (CGUP) both companies have confirmed.
Black day for coal as MPs confirm final closure date of UK plants
All polluting coal-fired power plants will be closed by October 2025, the Government has confirmed.
Lundin Norway AS gets North Sea drilling green light
The Norwegian Petroleum Directorate confirms the granting of a drilling permit to Lundin Norway AS for a North Sea appraisal well.
Ørsted to be sued by family of scientist it’s named after
The descendants of Danish scientist Hans Christian Ørsted announced today that they are seeking legal action over the use of their family name by the fourth largest company in Denmark.
China to ‘deal seriously’ with North Korea fuel sanctions violators
China’s government has promised to “deal seriously” with violators of UN sanctions on North Korea after a South Korean newspaper said Chinese-owned ships registered abroad regularly delivered oil there.
Atlantis sells off stake in Canadian joint venture
Tidal energy developer Atlantis Resources is to sell off its interest in Canadian joint venture, Atlantis Operations (Canada) Limited (AOCL), to DP Energy.
HSE investigation ‘satisfied’ with Forties repair efforts
The Health and Safety Executive (HSE) confirms that inspectors looking into the Forties Pipeline System were “satisfied” with repair work carried out as the system becomes fully operational.
Gulf of Mexico to rally in 2018, say WoodMac
The US deepwater Gulf of Mexico is to achieve a comeback in 2018 after years of hardship, according to a Wood Mackenzie prediction.
UK energy minister urged north to discuss “unfair” surcharge on bills
The UK’s energy minister has been urged to attend talks aimed at ending the “unfair” surcharge on electricity bills faced by thousands of north and north-east families.
Arctic oil drilling policy passes in Norwegian court
A court in Norway has said the country’s government can hand out oil drilling licences in the Arctic.
Scottish Highlands sees significant rise in carbon emissions
The Highlands has seen a 28% increase in carbon emissions - the largest rise of any council area in Britain.
New York to become the new “Windy City”
New York State Governor Andrew Cuomo has announced that the city will open two bidding auctions in 2018 and 2019 to develop offshore wind power in a bid to reduce greenhouse gas emissions.
Big crude draw offset by large products build
A large draw of more than 7 million barrels of commercial crude oil from U.S. stocks was more than offset by massive refined products builds of gasoline, diesel and heating oils.
Oil price continues to climb amid Iran protests
Oil prices have hit fresh two-and-a-half-year highs as the biggest anti-government protests in Iran for nearly a decade have sent the cost of crude soaring.
Brookfield to acquire Westinghouse for $4.6billion
Westinghouse Electric Company, the global leader in nuclear technology, fuel and services, has agreed to be acquired by Brookfield Business Partners L.P. together with institutional partners for approximately $4.6 billion.
Maria Moraeus Hanssen joins DEA Deutsche Erdoel AG as CEO
On her first day as chief executive of DEA, Maria Moraeus Hanssen announced a time for change in the industry.
Decomm planning guidance released by Oil and Gas UK subsidiary
Industry workgroup Common Data Access (CDA) has issued new guidance to help operators plan decommissioning work more effectively.