Oil price jumps as supply shortens and surplus dries up
Oil prices jumped more than 2% on Monday to their highest since November 2015 as Goldman Sachs said the market had ended almost two years of oversupply and was in deficit.
Projected growth in CO2 emissions to come from developing countries
Global energy-related carbon dioxide (CO2) emissions are projected to increase by one-third between 2012 and 2040, with much of that coming from developing countries, according to the EIA's latest International Energy Outlook 2016.
Adnoc said to be cutting 5,000 jobs
Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED has reported.
Range Resources snaps up Memorial in $4.4billion deal
Range Resources has agreed to buy fellow oil and gas producer Memorial Resource Development in a $4.$billion.
Statoil gets Gullfaks A improvement notice
Norwegian authorities have ordered Statoil to report on how it will make improvements to processes on its Gullfaks A platform after an audit revealed a number of non-conformities incluiding a chemicals related health risk.
Vallianz new shipping contracts boost order book to $1.2billion
Shipping group Vallianz has set a new record of $1.2billion for its order book following contract wins worth up to $210million.
San Leon looks to raise $200million for “transformational” Nigerian asset
San Leon Energy is aiming to raise at least $200million through a share placing priced at a significant premium in order to fund the acquisition of an indirect interest in a producing oilfield in Nigeria.
BP doubles stake in Culzean
BP has doubled its stake in the Culzean North Sea gas field as part of the energy giant’s £7 billion investment programme in the region.
Sound Energy to shut in well to carry out Nervesa remedial work
Sound Energy is to shut-in its new well on the Nervesa licence, offshore Italy, to carry out remedial work as it believes some of the reservoir levels are not in production.
Infrastrata begins drilling at Woodburn Forest in Northern Ireland
InfraStrata has started drilling at its controversial Woodburn Forest site in County Antrim, Northern Ireland, and said it expects to complete the well within the next six weeks.
Goldman Sachs forecasts deficit amid increasing demand
Oil advanced as Goldman Sachs said the market moved into a deficit earlier than expected and China’s refineries processed crude at record rates.
Union Jack looks to expand interests in UK assets
Union Jack Oil the onshore exploration and production company with a focus on drilling, said it remained on track for commercial production from its Wressle discovery in Lincolnshire in the second half of the year and intends to expand its interests in other areas of the UK.
Statoil farms into Turkey onshore acreage
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.
Ithaca set to more than double production with Stella on tap
North Sea firm Ithaca Energy said it remains on schedule to deliver first oil from its flagship Stella field in the North Sea later this year more than doubling production to 20-25,000 barrels of oil equivalent per day.
Residents hit by Canada wildfire offered app to view damaged homes
Authorities in Alberta, Canada, have launched an app offering residents of wildfire-ravaged Fort McMurray a view of their damaged homes.
CO2 emissions from electricity generation lowest for more than 20 years
Carbon dioxide (CO2) emissions from electricity generation totaled 1,925 million metric tons in 2015, the lowest since 1993 and 21% below their 2005 level.
Houston takes a hit in US city jobs rankings
Global oil capital Houston has taken a hit in the US city jobs ranking published by Forbes Magazine.
Brexit likely to increase domestic energy bills
Strange as it may sound, despite the UK being part of the EU single market, currently there is no truly level playing field where the UK generators can compete with their counterparts in the rest of the EU.
Exxon declares force majeure as Nigeria’s production drops again
Nigeria’s oil production has dropped again as a third major crude-export facility was disrupted, this time by accidental damage rather than militant attacks.
Second blast hits Chevron assets in Nigeria
An explosion has rocked a Chevron oil pipeline in Nigeria's Delta region.
Avengers threaten oil companies to leave Niger Delta – or suffer the consequences
Radical militant group the Niger Delta Avengers has warned it will step up attacks unless oil firms left the region within two weeks.
Infrastrata continues Woodburn drilling programme despite legal dispute
The company behind one of the Northern Ireland's most significant oil and gas projects said it continues to progress with its drilling programme at Woodburn Forest while a County Antrim council brought to court over the project prepares to make a decision.
Power generated from coal “dropped to zero several times”
The amount of electricity generated from coal in the UK has fallen to zero several times in the past week, grid data shows.
FMC Technologies appoints new CEO
Subsea technology giant FMC Technologies has appointed Douglas Pferdehirt, as its new president and chief executive.
Wintershall gets permit for wildcat well
The Norwegian Petroleum Directorate has granted Wintershall a drilling permit for wildcat well in the Norwegian sea.