EV Insights: The cost of producing a barrel of oil
As the price of oil hits an 11-year low, Energy Voice looks at the cost of producing a barrel around the globe.
As the price of oil hits an 11-year low, Energy Voice looks at the cost of producing a barrel around the globe.
Dennis Robertson this week told the Scottish Parliament that there was no crisis in the oil and gas industry.
The latest Adzuna jobs report confirms what many in the energy, oil and gas industry have suspected – there are fewer jobs available today than a year ago, and the jobs that are available aren’t paying as much as they used to.
As 2015 draws to a close, we are on track to see the first annual rise in oil production for 15 years. This fact may seem strange to those who have only considered the sustained low oil price that has dominated the headlines in 2015, but it is a positive sign from an important industry that is adapting to a changed landscape. DECC statistics show that production of petroleum is 32% higher and natural gas production is 8.6% higher in the three months June to August 2015, compared to the same period in the previous year.
Ongoing diplomatic tensions between Saudi Arabia and Iran is unlikely to escalate into to direct confrontation, with Iran likely to be the one who blinks first as it seeks to get its oil supplies onto the world market, according a leading Middle East expert.
Developing political tensions between Iran and Saudi Arabia have resulted in fluctuating oil prices, with the price of Brent crude having risen to $38.50/bbl, its highest level for three weeks.
Oil gained for a second day as Saudi Arabia cut ties with Iran a day after its embassy in Tehran was attacked to protest the Saudis’ execution of a prominent Shiite cleric.
2015 was the year the Oil and Gas Authority (OGA) established itself in the North Sea marketplace. Energy Voice compiled the top stories relating to the regulator, mapping its journey along the way.
On the last afternoon of 2015, an oil tanker filled with light, sweet crude from South Texas’ Eagle Ford Shale formation eased out of NuStar’s North Beach terminal in Corpus Christi, and headed for Trieste, Italy.
Lower for longer’ – is the mantra many people in oil and gas circles are now adopting, as we move in to 2016 and beyond.
Take a look back at some of Energy Voice’s most watched videos from the past year. From exclusive interviews with top industry leaders on The Journey to footage from life offshore. During the holiday season we’ll be selecting some of the most viewed videos of 2015.
Whilst the recent oil and gas decline is having a considerable impact on the local and national economy with employment and business confidence levels in particular taking a hit, this slump is also having detrimental consequences to the industry’s finances.
Nigerian's went to the ballot box this year to elect a new leader of the West African country.
Throughout the holiday season Energy Voice will be taking a look back at some of our most read columns from 2015.
This year oil major Shell launched its bid to return to Arctic waters.
Take a look back at some of Energy Voice’s most watched videos from the past year.
Throughout the holiday season Energy Voice will be taking a look back at some of our most read columns from 2015.
Test your knowledge of some of the biggest news stories of 2015 with Energy Voice’s End of Year Quiz.
At the start of 2015, the North Sea oil and gas sector was staring into the eye of a perfect storm - a slump in oil prices, the cancellation of new projects, high costs of production, an unfavourable tax regime and a regulator that was not in place to maximise economic recovery. And as we approach the end of the year, the cold wind of low oil prices continues to batter the industry.
2015 was unquestionably the UK North Sea’s “Annus Horribilis”, or at least thus far.
Test your knowledge of some of the biggest news stories of 2015 with Energy Voice’s End of Year Quiz.
Each week, Energy Voice pulls together the top stories from the week.
Resilience was the word of 2015 amongst the oil and gas sector. It’s been hard to stay positive, stay focused and to consider growing the business when it’s felt for many like a daily battle of challenges and stresses. So how as leaders do we work to continue to grow our businesses when everything around us seems so problematic.
This year has seen some major changes for the North Sea oil and gas industry amid a global price decline.
Take a look back at some of Energy Voice’s most watched videos from the past year.