In his latest vlog, Press and Journal Energy editor Jeremy Cresswell examines the influence the oil and gas sector has had on the Scottish Independence debate. Watch the video to hear more.
Relatives of “wholly innocent” Britons killed during a terrorist siege at an Algerian gas plant have told an inquest into their deaths of their “grief and anger”.
West Texas Intermediate and Brent headed for a second weekly drop amid signs that crude supply will continue to rise even as global demand weakens.
Futures are 0.2% lower in New York this week and down 2.9% in London. Brent closed below $100 a barrel for a third time yesterday as the International Energy Agency cut its global oil demand forecasts and OPEC trimmed its output target. The US will join the European Union in stiffening sanctions on Russia over Ukraine, prompting the government in Moscow to threaten retaliation.
Xcite Energy, Statoil and EnQuest have all entered into a collaboration agreement to share field-specific technical information about the Kraken, Bentley and Bressay fields.
The Norwegian operator’s North Sea fast-track development projects – Fram H-North and Svalin C – have started production.
The fields are the eighth and ninth fast-track developments for the firm.