2016: The Year of OPEC
2016 was the year of OPEC. Will they? Won't they? Why wouldn't they? They did!
Lloyds: The dawn of decommissioning
More so than ever, decommissioning is on the horizon for the oil and gas industry, accelerated by the sustained low oil price, aging assets and government interventions.
Texas adds 21,000 jobs in November
Texas added nearly 21,000 jobs in November and the unemployment rate fell, the Texas Workforce Commission reported Friday.
MPs warn of £30-a-year energy bill rise to stop winter blackouts
Energy bills may have to increase by £30 a year in order to ward off winter blackouts as Britain faces a power crisis, MPs have warned.
Subsea UK finalists revealed
Industry body Subsea UK has unveiled the finalists who are in the running to triumph at its 2017 business awards.
BP signs oil deal with Abu Dhabi worth $2.2bn
Oil giant BP PLC has agreed to an onshore oil deal with Abu Dhabi worth 2.22 billion following years of negotiations.
Star Wars’ Adam Driver opens British International School of Houston
The British International School of Houston (BISH) celebrated the Grand Opening of their innovative 275,000 square-foot campus with a star-studded line up.
Atlantis secures funding for next stage MayGen
Atlantis Resources today confirmed it had secured the funding for the next stage of its MeyGen project.
What could trip up Tillerson on Capitol Hill: A viewer’s guide
When Rex Tillerson visits Capitol Hill next month for his confirmation hearings, senators will weigh two competing questions: Are his close ties to Russia disqualifying? Or do his years as the globe-trotting, deal-making chief executive for Exxon Mobil Corp. merit making him the top U.S. diplomat?
Iran sanctions become law without Obama’s signature
US president Barack Obama has unexpectedly declined to sign legislation renewing sanctions against Iran - but has let it become law anyway.
Patterson-UTI snaps-up Seventy Seven Energy for $1.42billion
Houston-based Patterson-UTI Energy said it will buy Oklahoma’s Seventy Seven Energy for $1.42 billion as it prepares for the presumed oil recovery.
How did Texas’ oil capital do in the price crash?
Houston’s not the only Texas town to handle the 2-year-old oil price crash better than previous downturns.
Shell’s North Sea Shearwater to be shut-in for weeks
A Shell spokesman confirmed its Shearwater platform could be shut-in for weeks as it tries to resolve an issue with the HPHT well.
Big drop brings oil capital’s house prices closer to norm
Property: City average of £172,870 compares to price in country of £143,131
Shell kick-starts oil production
Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the coast of the Malaysian state of Sabah.
New energy company league table will compare best deals
Ofgem is to begin publishing an energy company league table from today comparing the most expensive standard tariffs with the cheapest deals on the market to provide greater transparency to consumers.
Success in pipeline as pupils engineer success
Dozens of budding young scientists have engineered their way to success at an annual competition.
Rex Tillerson: Friend of Russia and free marketeer
Donald Trump’s choice to lead US foreign policy is known for his longstanding support of free trade, international law and an expansive presence in the Middle East that does not fit with the president-elect’s pitch to supporters.
Technip and BP extend alliance
Technip today confirmed it will continue its exclusive PTA(1) Alliance with BP to Acetic Acid.
Exxon Mobil chief Rex Tillerson to be Trump’s top diplomat
Donald Trump has picked Exxon Mobil boss Rex Tillerson to lead the US State Department, dismissing concerns about the businessman’s close ties with Russia, sources close to the president-elect’s team have said.
Falling Aberdeen Airport numbers blamed on North Sea downturn
A continued decline in passenger numbers at Aberdeen International Airport was blamed on the North Sea downturn today.
Texas home sales likely to break 2015 record, despite oil bust
Texas home sales are on track to surpass 2015's record with the highest sales volume in the state's history, according to the Texas Annual Houston Report.
Court gives greenlight for Key Energy Services to emerge from bankruptcy
A bankruptcy judge this week approved a reorganization plan for Key Energy Services, which will let the Houston-based oil field services contractor emerge from bankruptcy by the end of this year.
Oil stocks surge, BP and Shell both climb on back of OPEC pact
Oil stocks topped the FTSE 100 on Monday after non-Opec producers agreed to curb production to help buoy floundering crude prices.
Middle East LNG first gets financial backing
The first LNG receiving and regasification terminal in the Middle East developed on a PPP basis, has completed limited recourse financing for the project.