Beerenberg to cut further 250 North Sea jobs
Beerenberg says it will have to cut a further 250 positions from its company.
Cromarty Firth firms urged to keep faith in oil and gas
The head of Oil and Gas UK (OGUK) has urged the Cromarty Firth’s supply chain companies to “keep the faith” amid signs of a “fragile confidence” returning to parts of the North Sea industry.
Subsea 7 plunges into red with losses of nearly £5.9m
Offshore contracting company Subsea 7 plunged into the red last year, hit by continuing low oil prices and reduced client activity.
Devon Energy completes $1.1bn sale for Access Pipeline
Devon Energy said it has completed the sale of its 50% ownership interest in the Access Pipeline to Wolf Midstream.
China refinery faces delay as Myanmar seeks extra oil tax
A newly built refinery in China near its border with Myanmar is facing a delay in its start-up.
Statoil eyes Hawaiian offshore wind potential
Statoil is said to be looking at a renewables project around Hawaii.
Istanbul talks no show for Iraqi and Iranian ministers
Iranian and Iraqi oil ministers are not expected to attend informal talks between OPEC and non-OPEC producers in Turkey.
Turkey, Russia resume talks on gas prices
Talks have resumed between Russia and Turkey on the price of gas, according to reports.
Gulfsands Petroleum picks new non-exec directors
Gulfsands Petroleum said it has strengthened its team with two new appointments.
Super Pumas grounded, despite new safety rules
The European Aviation Safety Agency (EASA) last night cleared Super Puma helicopters to fly.
CHC to take careful consideration before backing H225 flights in North Sea operations
Helicopter operator CHC said it believed it was "prudent" to examine technical data and interim measures "first-hand" before considering resumption of H225 flights for North Sea operations.
CAA says UK flight restriction will remain for Super Pumas despite EASA lift
The UK Civilian Aviation Authority (CAA) said a restriction on EC225s will remain despite a suspension lift by the European Aviation Safety Agency (EASA).
EASA to lift ban on Super Pumas
The European Aviation Safety Agency (EASA) has ended its flight suspension of Super Pumas after a ban was implemented after a North Sea helicopter crash.
Fuel prices set to increase as value of pound sees sharp fall
Drivers will be hit by rising fuel prices following the sharp fall in the value of sterling, a motoring organisation has warned.
Manufacturing output bounced back in August to record 0.2% increase
Output in Britain’s manufacturing industry rebounded in August despite a worse-than-expected performance from industrial production.
Transocean Winner move on to transport ship after weather delays
The Transocean Winner rig has finally been moved on to the deck of a semi-submersible transport ship after weather delayed its move.
Kenya says $55 oil needed to make project profitable
Kenya has said it needs the oil price to be no lower than between $50 and $55 a barrel to exploit its reserves at a profitable level.
OMV completes sale of North Sea Rosebank share
OMV has completed its sale of a 30% interest in the Rosebank project to Suncor Energy.
Cluff Natural Resources pulls out of North Sea licence bid
Cluff Natural Resources has pulled out of a licence agreement with Versus Petroleum in relation to a licence in the North Sea.
Last minute talks end Norway strike threat
Norway has avoided strike action by unions at three plants serving the country's energy industry after a deal was agreed.
Rosneft considering shares buy back from state holding company
Rosneft said it is considering buying its own shares from the Rosneftegaz state holding company.
Houston firm cuts engineering jobs on oil slump
IHI has cut jobs at its Houston energy engineering and construction subsidiary this week.
Opinion: Integrating variable renewables through grid realisation
Variable renewables now account for over 30% of total global installed power generation capacity and 23% of total global electricity production. Wind and solar PV have witnessed an explosive annual growth of 23% and 50% respectively in the past ten years.
Wintershall exits Yme field
Wintershall Norge has struck a deal to sell its 10% stake in the Yme license to Okea.
OPEC production could be cut further one percent at Vienna meeting
OPEC has said production could be cut by a further one percent at a meeting next month in Vienna.