Ecuador reveals it’s pumping oil at a loss
Ecuador has revealed the financial stress inside OPEC created by low oil prices, becoming the first member of the group to say it’s pumping at a loss.
Solo Oil aims for first gas production in Tanzania
Solo Oil said it hopes to begin making commercial gas sales from its Kiliwani North asset in Tanzania, its first commercial production in Africa.
IGas appoints new finance chief
UK-shale gas developer IGas has appointed Julian Tedder as chief financial officer and board director.
SgurrEnergy helps map Scottish forests for energy study
A unique project is helping map new opportunities for collaboration between the forestry and energy industries in Scotland.
British Gas recruits 200 new smart meter apprentices
British Gas plans to roll out smart meters across the UK has led to the company recruiting around 200 apprentices this year.
Oil industry will emerge “leaner and fitter” from latest downturn
Professor Paul de Leeuw, director of Robert Gordon University’s Oil and Gas Institute said the North Sea industry will endure a period of short term pain before it could emerge leaner, fitter and better able to compete as the oil price recovers in years to come.
Stork reports increased profit despite “challenging” UK market
Asset integrity specialist Stork said market conditions in the UK would remain challenging following the restructuring of its operations in Aberdeen to reflect the downturn in the North Sea.
Oil industry tax cuts advocated by Scots Lib Dem leader Rennie
Liberal Democrat leader Willie Rennie has called for tax cuts for the oil industry and low and middle earners in an attempt to steer a centrist path through the left and right-leaning policies of his opponents.
Exclusive: 200 jobs at risk as Maersk Oil plans to shut down North Sea asset
Up to 200 staff at Maersk Oil in the UK face the risk of redundancy after the company revealed plans to shut down one of its North Sea assets.
New equipment gets go-ahead to improve recovery on Statoil’s Gullfaks
The Norwegian Petroleum Directorate has granted consent for start-up and operation of a new subsea wet gas compressor and umbilical on Gullfaks Sør field in production licence 050.
Subsea UK provides apprenticeships boost to businesses
Subsea UK has launched a new support service to bring fresh, young talent into the subsea sector by making it easier for businesses to recruit apprentices.
Offshore Europe 2015: Maritime Developments to launch North Sea development at show
Scottish back-deck equipment specialist Maritime Developments will be using Offshore Europe as a platform to highlight a key innovation on a groundbreaking North Sea development.
Encana sells Haynesville gas assets for $850million
Encana Oil and Gas is to sell its Haynesville natural gas assets in northern Louisiana, to GEP Haynesville in a $850million deal.
Norway’s oil minister says $40 crude price can’t last
Crude at $40 a barrel is unsustainable and prices will have to rise as supply drops out of the market, according to Norway’s oil minister.
Wood Group Intetech nets $1million of contracts
Asset integrity specialist Wood Group Intetech (WGI) has been awarded $1million worth of new contracts for well integrity software and consultancy services.
Petrofac boss admits Laggan Tormore mistake
Petrofac boss Ayman Asfari has admitted mistakes were made in the handling of the delayed Laggan Tormore gas development - which has led to the company losing $263million on the Shetland project.
New board members join Oil and Gas UK
Industry trade body Oil and Gas UK has made number of appointments of member company representatives to its board.
Nostrum profits nosedive on back of oil slump
Reduced production and a tumbling oil price have hit Nostrum Oil and Gas profits in the first half of 2015.
Gulf Marine Services’ fleet expansion on track
Offshore support company Gulf Marine Services' fleet expansion programme is on track to deliver substantial growth following a strong first half to 2015.
Petroceltic makes new board room appointment
Irish oil producer Petroceltic has appointed chartered accountant Hugh Cawley as a non-executive director.
Why oil producing countries keep on pumping
The big oil producing countries keep on pumping, even though prices are at a six-year low.
Greens call for North Sea oil industry to be nationalised
Scotland should nationalise its oil industry to break its dependence on “distant multinationals and neoliberal forces”, and cut down on drilling, according to a report commissioned by the Scottish Greens.
Oil trader given jail term over divorce dispute
An oil trader has been given a 21-month jail term by a High Court judge who concluded he had broken promises after agreeing to pay millions of pounds to his former wife following the breakdown of their marriage.
Southern Co and AGL create $12billion US utility giant
Southern Company is to acquire AGL Resources in a $12billion deal, creating the second largest energy utility in the United States.
Aberdeen firm Viscom makes new appointment
HSEQ media specialist Viscom has appointed Robert Mpofu as sales and marketing manager.