Oil price volatility likely to continue despite Opec moves
Motorists have had a rollercoaster ride at the petrol pump this year as oil prices careered to record levels before falling back.
Motorists have had a rollercoaster ride at the petrol pump this year as oil prices careered to record levels before falling back.
The steep fall in the oil price could lead to a boom in the decommissioning of older North Sea platforms.
Elixir Petroleum said yesterday that the Department of Energy and Climate Change had agreed to a four-month extension of the licence term on North Sea block 211/18b.
A fifth of the electricity used in Scotland came from renewable sources last year, it was revealed yesterday.
FOR most people, Christmas Day consists of opening presents and enjoying a turkey dinner.
AN ABERDEEN-BASED supplier of work-at-height and rope-access-related services, AquaTerra, has created a training director role.
Dana Petroleum, the Aberdeen-based oil and gas operator, said yesterday that its Dana Petroleum Norway subsidiary had been awarded interests in eight Norwegian offshore blocks.
AMERICA has seen its position as the most attractive destination for investment in renewable energy nosedive, helping Germany to move to joint first place.
CANADIAN oil exploration firm Oilexco has opened a data room in London for potential buyers of some of its assets or even the whole company.
CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.
Faroe Petroleum said yesterday it had been awarded three new exploration licences under the latest Norwegian government licensing round.
British Energy (BE) buyer EDF said yesterday it would sell two power stations as part of a deal to gain European approval for its £12.5billion takeover.
LOGISTICS company Peterson SBS has named John Fraser as group director of health, safety, environment and quality (HSEQ).
Next year is expected to bring another period of uncertainty for smaller oil and gas firms operating in the UK North Sea.
Europe's biggest subsea event, the Subsea '09 conference and exhibition, will focus firmly on protecting investment, innovation and cross-industry collaboration in helping to exploit the potential of the UK Continental Shelf.
NORWEGIAN subsea technology company Framo Engineering has relocated its Aberdeen office to St Swithin Row from Willowbank Road.
Energy service provider Hunting said yesterday that oil and gas company capital spending was expected to decline in 2009, as a result of both commodity price decreases and global financial market conditions.
ENGINEERING and construction company Subsea 7 announced a multimillion-pound deal yesterday with the UK-based arm of Abu Dhabi national energy company TAQA.
The boss of international oil and gas facility-service provider Petrofac said yesterday it was well positioned to take advantage of opportunities.
ABERDEEN Harbour Board has approved a £65million capital spending and exceptional maintenance budget over the next five years as part of plans to sustain and develop activity at the port.
Aberdeen-based Offshore Hydrocarbon Mapping, which specialises in controlled-source electromagnetic imaging surveys to find oil and gas, has warned investors over its future.
AKER Solutions said yesterday it had been awarded a contract worth almost £42million by Brazil's national oil company, Petrobras, to supply the first set of subsea trees - including control systems and related equipment - for the Tupi field development off Brazil.
A NEW study published by energy business analyst Douglas-Westwood forecasts that 86 megawatts (MW) of wave and tidal-current-stream capacity will be installed worldwide from 2009 to 2013, with the UK expected to be the biggest market.
Marathon Oil said yesterday it had agreed to sell its wholly owned subsidiary Marathon Oil Ireland to Star Energy, which is owned by Malaysian national oil company Petronas, for about £118million.
Oilexco said yesterday it had agreed new bridging finance of up to £31.25million with the Royal Bank of Scotland and the company's banking syndicate.