Gorgon still on track for second cargo after “minor” gas leak
Oil major Chevron said it remains on track to load its second cargo from its Gorgon project in coming days following a gas leak that lead to an evacuation of workers.
Daily
US Energy Secretary sees balanced oil market by 2017
The US energy secretary said he expects the oil market to be in balance in 2017, after he met with the Saudi Arabia energy minister on Friday in Beijing.
Norway strike talks move into second day
Talks have moved into their second day between unions and energy companies in Norway in a bid to avert strike action over a pay dispute.
Energy Minister launches leadership bid by saying only a Brexiteer can lead the party
Andrea Leadsom said only a Brexiteer could deliver on the referendum result as she joined the race to be prime minister.
Shaikan production reaches 25m barrel milestone for Gulf Keystone
Gulf Keystone Petroleum said its culmative production from the Shaikan field has now reached 25million barrels.
Oil bulls beware because China’s almost done amassing crude
One of the pillars of oil’s recovery from the lowest price in 12 years may be on the verge of crumbling.
Chevron deadline nears for $40 billion bet on next decade’s oil
Chevron Corp. may shortly give a green light to the most expensive oil project in the world this year as the industry digs out from the worst slump in a generation.
Wheelhouse calls for action on loan guarantees
Carbon capture and storage (CCS) is “not dead” despite the UK government having pulled funding for a major project of the experimental technology in Peterhead, Scotland’s energy minister has claimed.
Xcite wins more breathing space for Bentley
Xcite Energy has won a further stay of execution in its battle to keep funding requirements manageable amid continuing low oil prices.
Shell boss urges UK to keep free trade and movement
The chief executive Shell has urged a post Brexit UK to hold onto free trade and free movement of people.
Wood Group says “asset light” strategy starting to pay-off
Wood Group today said its “asset light predominantly reimbursable business model” was starting to pay-off.
Independent Oil and Gas to kickstart North Sea drilling campaign
Independent Oil and Gas (IOG) is poised to kick-start its North Sea drilling campaign after getting the green light at is general meeting.
Oil heads for best quarter since 2009 as market seen rebalancing
Oil headed for the biggest quarterly advance in seven years as falling U.S. supply added to speculation the global surplus is easing.
LNG’s top ten trends: what to look out for in 2016
Historically a less volatile sector when it comes to prices, the liquefied natural gas (LNG) market is now facing uncertainty. As such, Simon Redmond, commodities specialist and Director at Standard & Poor's, offers his top ten developments for the year ahead.
Industry leaders gear up for North Sea oil summit
Industry leaders will come together in Aberdeen today more than a year after a North Sea oil summit was held to discuss how to protect the North-east economy.
Aberdeen IMC undergoes another name change
An offshore emergency response unit in Aberdeen has undergone its second rebranding in a year after a merger of businesses owned by Dubai-based holding company NM Capital.
Amplus safeguards more than 40 north-east jobs with takeover of survey firm
An Aberdeen firm revealed yesterday it had safeguarded more than 40 north-east jobs after buying a survey company that was part of bankruptcy-hit Harkand Group. Amplus Energy, a floating production service firm, said all 42 employees from Andrews Survey would transfer to its base in Bridge of Don next month on the back of a multi-million pound deal. Andrews, which provides survey and positioning services to the offshore oil and gas and renewables markets, will keep its name and operate under its existing management team as part of Amplus Group.
Shell boss keen to help UK with climate change, “when it makes business sense”
The boss of Royal Dutch Shell (LON: RDSB) wants the oil and gas giant to play a big part in the UK’s quest to meet climate change targets, “when it makes business sense”. Shell chief executive Ben van Beurden also expects the UK’s energy demand to level off as the country becomes more fuel efficient. “Social, political and geographical conditions differ from country to country," Mr van Beurden will say today at the company’s Powering Progress Together Forum. "In other words, the energy transition is likely to play out in a different way and at a different pace in different places.
Amec wins deal to revamp complex gas network
Amec Foster Wheeler has won a deal to help revamp a complex underground gas network.
Goldman’s $50 oil view at risk as Nigerian militia hold fire
Goldman Sachs Group Inc. said oil may trade below its $50 forecast in the second half of 2016 because of a ceasefire between militants and the government in OPEC member Nigeria.
Houston delegation to promote benefits of global approach to business during Aberdeen visit
Businesses from the north-east are being urged to tap into international markets as a way of overcoming the challenges posed by the low oil price.
Lekoil agrees financial lifeline from Sterling Bank
Lekoil has agreed a new debt facility with Sterling Bank, totaling $17.7million.
Government set to adopt targets to slash Greenhouse gas emissions by 2030
The Government is set to adopt targets to slash greenhouse gas emissions by 2030 as it seeks to show its commitment to tackling climate change.
Dolphin Drilling to cut more than 150 jobs in Norway
Dolphin Drilling will cut more than 150 jobs in a fresh round of redundancies, the company has confirmed.
No impact on Hinkley Point nuclear plant scheme, says Amber Rudd
Plans to build the first new nuclear power plant in a generation have not been affected by the Brexit vote, Energy Secretary Amber Rudd said.