Shell beats falling oil prices with profits rise
Shell recorded a third quarter boost thanks to its refining and natural gas assets.
Technip’s profits slide amid dipped oil prices
Technip confirmed a 12% profit decline in its third quarter results.
Brent Alpha and Bravo production to end in November
Oil giant Shell is set to bring its production from the Brent Alpha and Bravo platforms in the North Sea to an end. The company, which has more than 35 years of oil and gas productions on the platforms, will call time on it this weekend.
Russia and Ukraine resume gas talks
Russia and Ukraine have resumed talks in a bid to strike a reprieve in the pair’s longstanding gas stand-off.
Pirates target oil tankers
Oil tankers are becoming prime targets for armed pirate attacks in Southeast Asia.
People ‘need more climate solution info’
Public support for measures to cut carbon would increase if people heard more about the solutions to climate change, a poll suggests.
Scottish oil workers subject to Ebola checks
Scotland is to get a new testing facility to help identify any possible cases of the deadly Ebola virus, the Health Secretary has announced.
Chevron achieves first gas from Bangladesh project
Chevron today confirmed its Bangladesh subsidiary started natural gas production from its Bibiyana Expansion Project in the northeastern part of the country.
Petrofac lands major deepwater contract
The Nova Scotia government has awarded Petrofac a major ultra-deepwater oil potential contract.
Lundin spuds North Sea well
Swedish oil and gas explorer Lundin Petroleum has begun drilling of well 25/10-12S in the Kopervik Prospect. The well will investigate the hydrocarbon potential of the Kopervik Prospect in PL25, which is located 175km west of Haugesund on the Norwegian coast.
RMT leader says helicopter decision sends out ‘negative signal’
Mick Cash, general secretary of offshore union RMT, said the refusal to hold an inquiry sends out a “negative signal” to offshore workers.
JMH appoints administrators as majority of firm’s workforce let go
JMH, which provides fabrication services for the oil and gas industry, was forced to call in administrators after a market downturn saw the firm shed 89 of its 95 posts.
Exxon Mobil starts drilling campaign in Black Sea
Exxon Mobil and OMV Pertrom have launched a new drilling campaign in the Romanian section of the Black Sea.
Brazil’s energy minister confirms exit
Brazil’s Mining and Energy Minister Edison Lobao confirmed he will step down from his post.
Video: Ashtead launches £500,000 subsea training academy
Ashtead Technology has launched a subsea training academy following a near-£500,000 investment.
Spanish government tries to block Canary Islands exploration vote
Repsol’s plans for a $7billion oil exploration project could be put on the blocks, after the Canary Islands called for a referendum on the development.
Statoil makes senior appointment
Statoil has appointed a new senior vice president.
EU climate deal ‘a historic moment’
European agreement on a 40% target for greenhouse gas reductions represents a “historic moment” which will be good for British consumers and business, Energy Secretary Ed Davey has said. But the deal - secured in the early hours after EU leaders including David Cameron wrangled late into the night on details of how the burden will be shared - received a less enthusiastic welcome from environmentalists.
Billionaire Fredriksen triggers takeover bid
Norwegian billionaire John Fredriksen is expected to make a bid for Flex LNG within the next month.
Statoil lands Australian operatorship
Statoil has agreed a 100% equity share in Australia’s Northern Carnarvon Basin.
EU reaches greenhouse gas deal
European leaders have agreed to cut greenhouse gas emissions in the 28-nation bloc to at least 40% below 1990 levels by 2030.
Baron Oil makes unexpected discovery in Peru
South American focused Baron Oil has won approval from state-owned Perupetro to convert its third work phase from seismic into a drilling obligation after additional hydrocarbon discoveries. The Peruvian oil and gas provider also approved the company’s Force Majeure (FM) clause, which will be invoked on Block Z-34 in the country.
GDF Suez and BP make UK North Sea oil find
GDF Suez and BP have made a new oil discovery in the UK Central North Sea.
Foster Wheeler wins refinery contract
Foster Wheeler has been awarded an engineering, procurement and construction (EPC) contract by ExxonMobil Petroleum for a refinery upgrade in Belgium. The scope of the company’s work is expected to be completed in December 2016 for the Antwerp Northwest Europe Resid Upgrade Project.
Russia and Ukraine’s gas deal delayed
Russia and Ukraine failed to agree on future payments delaying a hotly anticipated gas deal between the two countries.