Petrol prices jump again in oil-rich UAE
Motorists in the oil rich United Arab Emirates face the second petrol price hike at the pumps for the second month running.
OGIC backs Well-SENSE’s breakthrough fibre line technology
The Oil & Gas Innovation Centre (OGIC) in Aberdeen is supporting the development of a new concept for well intervention developed by city-based downhole specialists Well-SENSE Technology.
Sound expects Italian well approval next month
Sound Energy said it expects to get written approval for the Badile well in Italy from the Italian Ministry of Economic Development next month.
Tata selling steel assets due to “structural weaknesses” in UK
Steel giant Tata blames “structural weaknesses” in the UK for its decision to sell its assets and would not have made the shock move if it was making money, according to a top official.
Sterling Energy pulls plug on Madagascar project
Sterling Energy has confirmed it plans to pull out of the Ambilobe block in Madagascan waters by July.
Falcon well tests confirm high potential of Beetaloo prospect
The chief executive of Irish independent Falcon Oil and Gas has predicted great things from its Australian operations after analysis on three well confirmed early indications of high potential.
Prospex confirms Hutton Poland wins Kolo Licence
Prospex Oil and Gas has confirmed that Hutton Poland Limited has been formally awarded the Kolo License. Prospex holds a 49% interest in Hutton.
Weir finds some positives in minerals but oil and gas toils
Scottish engineering firm Weir Group PLC on Thursday said trading in the first quarter was slightly ahead of its expectations, boosted by cost cutting and a resilient performance from its minerals arm.
Seadrill sells stake in SapuraKencana
Seadrill has sold its remaining stake of approximately 490 million shares in Malaysia's SapuraKencana in a $195 million deal.
Video: One shale oilfield key cause of global ethane rise
A single US shale oil field is responsible for much of the past decade's increase in global atmospheric levels of ethane, a gas that can damage air quality and impact climate, according to new study led by the University of Michigan.
Aker and ABB insist they’re collaborating not merging
Aker Solutions and ABB are joining together to develop new technical solutions for the oil and gas industry, but people shouldn't take that to mean there's a merger on the cards.
Harkand in talks to secure long-term future as IRM market squeezed
Talks are taking place this week to secure the long-term future of oil and gas shipping company Harkand Group.
Hess loss widens but by less than expected
US oil producer Hess reported a smaller-than-expected quarterly loss as cost cuts helped offset the impact of lower oil prices.
Scottish Power awards Siemens £833million wind turbine contract
Germany's Siemens has won a £833million five-year deal to build and service wind turbines for Scottish Power's East Anglia ONE project off the eastern coast of England.
Edenville focuses on coal to power plant in Tanzania
Edenville Energy's relinquishing of three licences in Tanzania will allow the company to concentrate its resources on the Rukwa coal-to-power project in the south-west of the country it believes.
DONG Energy has wind in its sails as profits increase in 2016
Wind power helped Denmark's Dong Energy to increase profits in the first quarter of 2016.
BP earnings taken well by its battle hardened shareholders
Having seen the price of oil collapse by 75% in an 18-month period and BP suffer a $5.2bn loss, the reaction of the major oil company’s shareholders to certain events over the past few months suggests they have developed a somewhat battle-hardened mentality.
Eland increases reserves estimates as it progresses Nigerian assets
The boss of Aberdeen's Eland Oil and Gas said the company is keen to accelerate the first phase of development of its Gbetiokum field in Nigeria, and is aiming for production by the end of 2016.
LGO’s new well adds to Trinidad production total
Exploration company LGO Energy confirmed production has started from a new interval in well GY-671 on the Goudron Field in Trinidad.
Velocys cuts it pre-tax loss
Gas to liquids specialist Velocys has narrowed its full year 2015 pretax loss to £21.1m, down from £23.3million with its new chief executive looking to activation of its major US project as a significant milestone.
Likely Lad Bolam stars in sell out anti-fracking play
One of Britain's best known actors is starring in as an anti-fracking campaigner in a sell-out play that dramatises the fight against shale in Sussex.
Freeport McMoRan cuts energy jobs after posting sixth straight loss
Commoditities giant Freeport-McMoRan is scaling back its energy business and continues to try to sell some oil and gas assets as crude prices rebound from 13-year lows.
Ukraine marks 30th anniversary of Chernobyl nuclear disaster
Ukraine marked the 30th anniversary of the explosion at Chernobyl, the world’s worst-ever nuclear disaster.
Exxon Mobil donates to Houston flooding relief effort
Exxon Mobil is contributing $100,000 toward American Red Cross disaster relief assistance for communities impacted by recent severe storms and flooding in Houston.
Egdon’s loss widens as it looks towards first production at Wressle
Egdon Resources, the UK-focused oil and gas company, reported a pretax loss of £2million, due largely to impairments on its Waddock Cross project.