Call for speakers ahead of Subsea Expo 2016 deadline
Oil and gas industry experts are being urged by Subsea UK to get together and share their thoughts on the current and future challenges for the sector at next year’s Subsea Expo.
FTSE 100 heads for worst session in four years
London’s FTSE dipped below the 6,000-mark, down 260.2 points at 5927.4, adding to the gloom seen last Friday when it fell nearly 3%.
Range Resources plans to drill 22 new wells
US independent Range Resources plans to drill 22 new wells in Trinidad by the end of the first quarter of 2016.
Troubled Npower parts company with boss
The boss of Big Six energy firm Npower has left his post after German owner RWE took action following “unexpectedly negative” half-year results.
New Scottish hydro scheme officially opens
A Scottish hydro power scheme which could produce enough power for over 800 homes each year has been officially opened.
Statoil farms out Mariner payroll to Frontica in Aberdeen
Oil giant Statoil has outsourced its UK onshore and offshore payroll services to Norwegian firm Frontica Business Solutions.
UK “must be careful” amid new deal with Iran
Britain must tread carefully in its newly thawed relationship Iran, but the two countries can work together to defeat Islamic State (IS) militants, Foreign Secretary Philip Hammond has suggested.
Xcite making slow progress with Bentley
Xcite Energy said it was continuing to make progress with its Bentley field, albeit that it was taking longer than it would like due to the technical nature of the development.
Statoil signs up for Aptomar oil spill management technology
Statoil has opted for oil spill response specialist Aptomar’s management system at its field monitoring centre at Sandsli in Bergen, Norway.
Costain wins £605million Thames super-sewer contract
Engineering group Costain has been awarded a £605million contract for the East works package of the Thames Tideway Tunnel "super-sewer" in London.
Gulf Keystone hires UK MP Zahawi
Oil company Gulf Keystone has appointed British MP Nadhim Zahawi as its chief strategy officer.
Songa takes delivery of new drilling rig headed for Statoil’s Troll field
Drilling contractor Songa Offshore has taken delivery of the latest addition to its rig fleet.
Baku warns against European negativity toward Azerbaijan
Persistent negativity by the European Parliament directed towards Azerbaijan risks alienating an “important partner” and its people, Baku has warned, after recent comments by EP President Martin Schulz.
Man who scuppered Pacific Rubiales oil deal has a plan
The man who last month helped blow up a $1.6billion bid for Pacific Rubiales is now urging Latin America’s largest independent oil producer to expand amid the worst crude meltdown in decades.
San Leon Energy spuds in Morocco
San Leon Energy has spudded the El Aaiun-4 well onshore in Morocco.
Big Oil’s flight draws US risk takers to Australian shale
Aubrey McClendon, the wildcatter who pioneered the US shale revolution by going where big oil companies wouldn’t, is at it again. This time in Australia.
Congressman in most-Jewish district backs Iran deal
A key Democratic congressman said Friday he is backing the nuclear deal with Iran after President Barack Obama wrote him a personal letter saying the US has options to curb Iran if it violates the agreement.
Congress likely to repeal oil export ban in 2016
Legislation to repeal a 40-year ban on most domestic oil exports will probably become law in the first quarter of next year, according to analysts at Evercore ISI.
Gazprom Neft turns on second well in Arctic oil field
Russian oil producer Gazprom Neft has brought its second well into production at its Arctic Prirazlomnoye field, with output totalling 1,800 tonnes per day.
Dong moves toward UK offshore wind mega project
Denmark's Dong Energy has taken a step closer to delivering one of the world's biggest offshore development zones.
Petronas acquires Shell’s stake in gas plant
Malaysia's state oil company Petronas has acquired Shell's 50% stake as operator of the MLNG Dua natural gas plant.
Erin gets go ahead for Kenyan exploration
Houston-based exploration company Erin Energy has been given approval by the government of Kenya to begin the next phase of exploration on its onshore blocks, L1B and L16.
From affluence to effluence: hard pressed oil firms turn to toilet water to cut costs
Top shale oil producer Pioneer Natural Resources has found an unusual way to both save water and cut costs for its wells: tapping the treated runoff from toilets, sinks and showers in west Texas. Pioneer has signed an 11-year, $117 million deal with the city of Odessa, Texas that will guarantee it access to millions of gallons of treated municipal wastewater each day, for use in nearby oilfields. Deliveries of the so-called effluent, are expected to start at the end of the year. As crude oil has slid to its lowest level in six years -currently about $40 a barrel - oil and gas companies pumping from shale rock have tried to cut every unnecessary penny from their operations. Water acquisition and transportation can be up to 10 percent of the cost of drilling and fracking a well, according to consulting firm IHS.
UK petrol could fall to £1 per litre amid falling oil prices
The price of fuel in the UK could drop to £1 per litre amid falling oil prices, as supermarkets head towards a potential petrol price war.
LGO calls in lawyers over disputed $2million block sale agreement
West Indies oil exploration company LGO has hit back at what it calls "misleading allegations" made by Trinity Exploration over a $2million slice of oil territory in Trinidad.