Maersk loses biggest oil field as organizational shakeup looms
A.P. Moeller-Maersk A/S is losing the biggest oil field in its portfolio as Qatar prepares to end a 25-year partnership with the Danish shipping and petroleum conglomerate.
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Cliff-nesting puffins could capsize plans for £250million floating wind farm
Cliff-nesting puffins and gulls could capsize plans for a £250million floating wind farm off the north-east coast.
Brexit ‘could halt Hinkley Point Power Station plans’
The Hinkley Point nuclear power station project could become a casualty of Brexit, it has been reported.
Brexit jitters send US stocks lower
Investor jitters over the economic fallout of Britain’s vote to leave the European Union sent US stocks sharply lower.
Opportunity as well as risk from Brexit, Sajid Javid to tell business leaders
The Business Secretary will on Tuesday chair the first meeting of business leaders since the EU Referendum result.
BP senior exec takes up CFO role at Elementis
Elementis is to make a former senior BP executive its new chief financial officer.
Tech Tuesday: Oil industry helps solve shortage of gas used in life-saving medicine
Scientists have hailed a helium discovery which could solve a shortage of the gas threatening life-saving work in medicine.
Ecopetrol launches bidding process to offer stake in production assets
Ecopetrol said it has launched a bidding process to offer oil and gas companies its stake and interests in 20 production assets in a number of regions in Colombia.
Statoil suspends Bideford Dolphin rig contract
Dolphin Drilling has received a suspension notice from Statoil for the Bideford Dolphin rig.
Iran plans tenders for oil fields this summer as contract nears
Iran plans to issue tenders to develop its oil fields this summer as the government is expected to approve a new model oil contract designed to attract investors “in a short amount of time,” Oil Minister Bijan Namdar Zanganeh said, according to an interview published by the Iranian Students News Agency.
Video: Stunning footage of Statoil’s Mariner B as it sets sail for North Sea
Statoil's aweseome Mariner B floating storage unit has set saidl on its 18,000 mile journey to the North Sea after leaving the Samsung construction yard in South Korea.
KCA Deutag records “relatively strong” 2015, despite North Sea customers curbing activity
Scottish oil and gas drilling giant KCA Deutag has reported a “relatively strong” financial performance, compared to many industry peers, despite some UK North Sea customers shutting down platform activities.
Brexit may be Scotland’s chance to steal London finance crown
For all the uncertainty Scotland faces with the cloud of Britain’s exit from the European Union, there could yet be a silver lining, according to U.K. lawmaker Mark Garnier.
Editor’s column: Big oil says EU needs to keep calm and carry on
Big oil found itself issuing statements to a referendum outcome it never saw coming.
Woodside’s $1.9billion Greater Enfield Oil Development approved
Woodside’s $1.9billion Greater Enfield Oil Development has been given the green light.
OGA grants Europa Oil & Gas more time for onshore find
The Oil and Gas Authority(OGA) has approved a two-year extension to Europa Oil & Gas for its PEDL 143 licence in the Weald Basin located in Surrey, UK.
No longer a commodity powerhouse, UK’s price impact won’t last
The U.K. decision to quit the European Union probably sparked the country’s biggest impact on global commodity markets in decades. It may not last.
Oil extends drop to trade near $47 as Brexit turmoil continues
Oil extended losses to trade near $47 a barrel as the U.K. voted to leave the European Union, triggering a global flight from risky assets.
Quarter of business leaders plan jobs freeze in wake of Brexit, IOD says
One in four business leaders plan to freeze recruitment in the wake of the referendum result and some are considering moving work abroad, a new study has revealed.
George Osborne moves to calm stock market after Brexit vote
Chancellor George Osborne will move to try to calm market turmoil triggered by the pro-Brexit vote as Boris Johnson broke cover in a bid to start healing Tory wounds ripped open by the bitter referendum battle.
UK Energy Minister could challenge Boris for leadership role
Boris Johnson and Theresa May are leading a pack of at least 10 senior Conservatives tipped to be contenders in the battle to succeed David Cameron.
Rosneft and Beijing Enterprise agree joint operations in East Siberia
Flanked by Russian President Vladmir Putin and Chinese President Xi Jinping, the leaders of Rosneft and Beijing Enterprises signed a heads of agreement to work together on a number of projects.
Aminex secures loan extension as pieces fall into place in Tanzania
Aminex has secured an extension to its repayment agreement with its lender. The 18-month reprieve comes after the operator struck a number of deals in Tanzania.
Crescent Petroleum sees $11billion Kurd gas claim resolved this year
Crescent Petroleum Co., an oil and natural gas producer in Egypt to the United Arab Emirates, expects to resolve by the end of this year an $11 billion arbitration case against the Kurdistan Regional Government in Iraq.
Middle Eastern stocks slump as investors weigh Brexit fallout
Middle Eastern stocks followed declines across global markets on uncertainty over how Britain’s decision to leave the European Union will affect economies in the region.