Shell reportedly mulling sale of chemical assets in Europe and US
Oil supermajor Shell is reportedly considering selling its chemicals assets in the Europe and the US, including its holdings in the Mossmorran plant in Fife.
Oil supermajor Shell is reportedly considering selling its chemicals assets in the Europe and the US, including its holdings in the Mossmorran plant in Fife.
An arcane Ofgem decision is bearing fruit. The regulator’s move to carve out space for demand-side response in the UK market has triggered a significant £1 billion investment from French energy technology company Voltalis.
Nobel Oil Downstream, the retail arm of UK-registered Nobel Oil Services (NOS), has opened its second petrol station in Romania.
Call it a stealth overhaul.
The Norwegian Drilling Directorate granted Total Norge a drilling permit for a wildcat well in the Martin Linge area.
The chief executive of Total said he hoped the UK would vote to stay in the European Union.
Sound Energy is to shut-in its new well on the Nervesa licence, offshore Italy, to carry out remedial work as it believes some of the reservoir levels are not in production.
InfraStrata has started drilling at its controversial Woodburn Forest site in County Antrim, Northern Ireland, and said it expects to complete the well within the next six weeks.
Union Jack Oil the onshore exploration and production company with a focus on drilling, said it remained on track for commercial production from its Wressle discovery in Lincolnshire in the second half of the year and intends to expand its interests in other areas of the UK.
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.
The company behind one of the Northern Ireland's most significant oil and gas projects said it continues to progress with its drilling programme at Woodburn Forest while a County Antrim council brought to court over the project prepares to make a decision.
Irish oil producer Petroceltic said a court examiner had selected its largest shareholder, Worldview Capital Management, to take control of the group.
Sound Energy will press ahead with drilling its Badile prospect after receiving permission from Italian authorities this week. No date has been earmarked for commencement of drilling although Sound confirmed it would begin some time during 2016. The company has already secured the drilling rig to be used on Badile.
Faroe Petroleum said it has received consent to drill an exploration well in the North Sea.
Independent well management firm Zenith Energy has achieved a drilling first for the firm by completing of a UK land well after being appointed operator late last year.
A majority of people in Scotland will vote to leave the European Union, leading Brexit campaigner Michael Gove has predicted.
Archer has struck a deal to employ hundreds of Odfjell employees after their jobs faced the axe following the loss of a number of contracts from Statoil.
The Norwegian Petroleum Safety Authority (PSA) has warned the oil and gas sector it must take action to tackle safety after a report on petroleum activity risk levels (RNNP).
Sound Energy said it expects to get written approval for the Badile well in Italy from the Italian Ministry of Economic Development next month.
DNB ASA expects loan losses to grow more than analysts estimated as Norway’s biggest bank adapts to the fallout of lower oil prices.
Teekay Offshore Petroleum said up to 70 positions are to go from the company after a contract with Repsol comes to an end in August.
Prospex Oil and Gas has confirmed that Hutton Poland Limited has been formally awarded the Kolo License. Prospex holds a 49% interest in Hutton.
Statoil ASA, Norway’s biggest oil company, said profits slumped by 86 percent as crude prices fell to their lowest level in almost 12 years in the first quarter.
Total SA’s first-quarter profit fell 37 percent, beating analysts’ forecasts as cost cuts, rising production and resilient refining profits helped the French company offset the slump in crude prices.
Aker Solutions and ABB have agreed a subsea alliance to target new business.
The Norwegian Maritime Directorate (NMD) said it will check all rigs on the Norwegian Continental Shelf following the death of a worker in a huge storm.
Egdon Resources, the UK-focused oil and gas company, reported a pretax loss of £2million, due largely to impairments on its Waddock Cross project.