Shell makes new oil discovery in Gulf of Mexico
Oil major Shell said it has made a new exploration discovery in the Gulf of Mexico.
EDF board member quits ahead of ‘risky’ Hinkley Power station decision
A board member of EDF has resigned just before a meeting of the French energy giant which is expected to give the go-ahead to build a new nuclear power station at Hinkley.
BP slashes UK arts sponsorship deals by £2.5mln
BP has announced a £2.5 million cut in sponsorship to Britain’s leading cultural institutions.
ConocoPhillips makes net loss of $1.1bln
ConocoPhillips said it made a net loss of $1.1billion compared with a loss for the same time last year of $179million.
LGO says production starts from new oil pay interval
LGO Energy said production has now commenced from a new oil pay interval in well GY-673 as part of its planned heavy work-over at the Goudron field in Trinidad.
Total offers staff share buy in
Total's board of directors has approved two measure to develop employee shareholding within the company.
More than a third support nuclear power, official survey shows
Just over a third of people support nuclear power, while more than a fifth oppose the energy technology, an official survey shows.
MOL Group starts production on Croatian assets
MOL Group said it has successfully started its test production in two of its gas fields in Croatia.
North Sea strike action resumes on Shell assets
North Sea oil workers have resumed strike action on a number of Shell assets.
Bibby Offshore wins multimillion pound North Sea contract
Bibby Offshore said it has won a multimillion pound contract with an independent UK exploration and production company for work across five of its North Sea assets.
Weir Group boss to step down, company suffers 25% drop in profits
The chief executive of pipe and valve maker Weir Group will step down from his role with the company.
Energy Ball to raise funds for industry’s struggling families and former service men and women
A celebration of the powerhouse offshore sector will boost charities for former industry workers and injured servicemen and women.
Q & A: New Hinkley Point C nuclear power station
French energy giant EDF is set to make a final decision to go ahead with the first new nuclear power station in a generation in the UK, at Hinkley Point in Somerset.
Nuclear power being backed as reliable way of keeping the lights on
Nuclear power is being backed as a reliable way of keeping the lights on while cutting greenhouse gas emissions from the UK’s power sector.
British Gas loses 400,000 customers in ‘demanding’ period for parent Centrica
Almost 400,000 customers deserted British Gas in the first half of the year as its parent firm, Centrica, saw profits take a dive.
Pump price ‘should be cut by 3p per litre after oil price drop’
The drop in the price of oil means there is a “compelling case” for cutting three pence per litre off unleaded and diesel prices, a motoring organisation has claimed.
Stork to cut up to 25 Aberdeen jobs
An oil firm has announced a further 25 possible job cuts in Aberdeen.
Shell earnings drop 72% on lower oil
Oil major Shell said its earnings dropped by 72% compared with the same quarter last year.
Centrica adjusted earnings down 14%, on oil price and “extreme weather” impact
Centrica said its adjusted earnings were down 14% to £507million impacted by "extreme warm weather" in North America as well as the impact of low commodity prices on exploration and production.
Genel Energy gets $24.91m repayment from Kurdistan Government
Genel Energy has said it has received a $24.91million payment from the Kurdistan Regional Government for oil sales in June.
Trinity E&P agrees new moratorium with Citibank
Trinity Exploration and Production said it has agreed a new moratorium on principal repayments relating to its outstanding debt with its senior secured lender.
Hess pursues $40mln from Schlumberger in valve dispute
Hess Corp said on it was pursuing legal action against Schlumberger NV for $40 million or more, claiming the oilfield service provider supplied a defective valve for a U.S. Gulf of Mexico oilfield that shuttered three wells and crimped production.
Technip on track with cost savings, reduction plan ahead of schedule
Technip said its plans to cut spending due to the fall in oil price were ahead of schedule as it reported better-than-expected second quarter earnings.
Saetre says Statoil’s second quarter characterised by HSE after North Sea helicopter crash
Statoil chief executive Eldar Saetre said the second quarter of the year had been characterised by health and safety as the company revealed its first adjusted loss.
Eni, Statoil show interest in Cyprus offshore blocks
Cyprus said it has received expressions of interest from Eni, Total, Statoil, ExxonMobil and Qatar Petroleum in a licensing round for offshore hydrocarbon blocks.