Iranian Oil Minister says balance over demand and supply will be restored
Iran's Oil minister has claimed the market is oversupplied but said the balance between demand and supply will be restored.
Iran's Oil minister has claimed the market is oversupplied but said the balance between demand and supply will be restored.
Alpek is expected to offer up to $700million for the petrochemicals arm of Petrobras' business.
Solo Oil said the Mtwara licence which is part of the Ruvuma Production Sharing Agreement (PSA) has been granted a further one year extension.
Islamic State (IS) has attacked two energy facilities in Iraq.
A specialist rig topside company has gone into administration.
Production was stopped on a Det Norske FPSO (Floating, Production, Storage and Offloading) vessel after a suspected gas leak.
Claxton has been selected to provide rigless recovery of a number of abandoned wells on Statoil's Huldra platform.
Oil major Chevron has posted its largest second quarter loss since 2001.
The Government move to review the new Hinkley Point nuclear power plant took people by surprise, but concerns over costs have been repeatedly raised.
The chief executive of Wood Group has said the company is "hugely disappointed" after failing to reach a resolution with unions to bring strike action to an end.
The Government has come under fire for its shock move to further delay a decision on building Hinkley Point power station, with warnings that it could be “potentially disastrous”.
Oil major Shell has awarded DOF Subsea a five-year contract to provide a full-time underwater services and a multi-purpose supply vessel to the Prelude FLNG facility in Australia.
The Nuclear Industry Association (NIA) said the UK Government needs to make a quick decision on Hinkley Point after it was deferred by the UK Government until Autumn.
Unions will stage a 48-hour strike next week as industrial action continues on seven Shell assets in the North sea.
Serica Energy said production has resumed from the Erskine field after a pipeline blockage.
Norwegian operator Statoil has acquired a 66% stake in the BM-S-8 offshore licence in Brazil's Santos Basin from Petrobras in a $2.5billion deal.
Songa Offshore said one of its drilling rigs has commenced work in the Barents Sea.
More than 300 places on training courses are being offered to people facing redundancy in the oil and gas sector.
More than 37,000 jobs have been lost from the oil and gas sector on the Norwegian Continental Shelf (NCS), according to new figures.
Maersk Drilling has had one of its drillships returned to the company early from customers Marathon Oil and ConocoPhillips.
A planned approval for the Hinkley Point project has suffered a hitch after the UK Government postponed a final investment decision until the early autumn.
Keep in the know with this week’s round-up of Energy Voice’s breaking news, opinion and feature pieces.
A new pro-shale gas group has been launched in England.
Baker Hughes has reported a loss of $911million for the second quarter of the year.
Almost half the UK’s electricity came from clean energy sources such as wind and nuclear power last year, official figures have revealed.