Circle Oil under pressure as cash flow causes problems
Circle Oil's financial position remains "under significant pressure" and needs sustained improvement in payments from Egypt's state-owned oil company to shore up its cash position.
Circle Oil's financial position remains "under significant pressure" and needs sustained improvement in payments from Egypt's state-owned oil company to shore up its cash position.
A 2,100-barrel oil spill in the US Gulf of Mexico forced Shell to shut in all wells that flow to its Brutus platform.
India's renewable power producer Mytrah Energy exceeded its expected target for wind power generation in the 2016 season.
JKX Oil & Gas has appointed a new general director to lead its subsidiary in the Ukraine.
An energy giant owned by the Chinese state has denied it plans to step in with a “Plan B” at Hinkley Point should a £21 billion deal with the French collapse.
Third Energy chief executive said his firm would continue to maintain high standards after gaining planning permission to begin fracking in the North Yorkshire village of Kirby Misperton.
Fracking on fields near the North York Moors National Park has been given the green light for approval by a crucial report despite fierce opposition.
The boss of industry body Oil and and Gas UK has moved to clarify comments she made to MPs after angry oil workers objected to her claiming they "get it" about why cost cutting measures are being taken by companies.
Communities which reject fracking projects should receive the same protections by ministers as those who successfully campaign against wind farms, Labour has said.
Energy giant EDF has said the cost of building the Hinkley Point C nuclear power station could jump to almost £21 billion, about £3 billion more than it said last year.
The Government has promised greater security of North Sea oil and gas as part of its mission to deliver affordable, secure and clean power for Britain as the Energy Bill comes into law.
The world's growing need for energy will see consumption increase by 48% by 2040, according a new study by experts.
Brazil's Senate has voted to put President Dilma Rousseff on trial in a historic decision brought on by a deep recession and a corruption scandal.
A prominent fixture on the Lowestoft skyline has left the town's port for its final destination on the Dudgeon offshore wind farm in the North Sea.
The downturn in offshore oil and gas shipping activity has hit the sector hard with Norwegian player GC Rieber the latest to report drastic reduction in revenue.
Range Resources is to drill a second development well in Trinidad, following the "highly encouraging results" from its MD250 well.
The global oil surplus in the first half of this year will probably be smaller than previously estimated because of robust demand in India and other emerging nations, the International Energy Agency said.
Irish oil producer Petroceltic said a court examiner had selected its largest shareholder, Worldview Capital Management, to take control of the group.
Accommodation vessel supplier Prosafe made a loss in the first quarter of 2016 as market uncertainty continues and little prospect of an upturn before 2018 it said.
Statoil shareholders have approved a dividend of USD 0.2201 per share for the fourth quarter 2015 at the oil giant's annual general meeting.
The UK and Norwegian Civil Aviation Authorities have extended the flying ban to other Airbus helicopters following last month's North Sea helicopter crash which claimed the lives 13 people.
A Los Angeles politician has been dubbed Chevron Cheryl by opponents after she accepted a $1million dollar campaign donation from oil major Chevron - to boost her environmental credentials.
Senators in Brazil have started a debate on whether to oust President Dilma Rousseff, a movement that has built up steam and turned into a referendum on her leadership amid several crises facing Latin America’s largest nation.
Sound Energy will press ahead with drilling its Badile prospect after receiving permission from Italian authorities this week. No date has been earmarked for commencement of drilling although Sound confirmed it would begin some time during 2016. The company has already secured the drilling rig to be used on Badile.
MX Oil has suffered a setback after it revealed its flagship assets in Mexico are not worth progressing.