Calling himself the “frack master,” Texas businessman Chris Faulkner charmed hundreds of investors and major media companies into believing he had extensive experience in energy markets.
Nicola Sturgeon has warned she would consider asking Holyrood to block the UK’s departure from Europe if MSPs are required to give formal backing for Brexit.
Crescent Petroleum Co., an oil and natural gas producer in Egypt and Iraq, expects crude prices to improve this year as supply becomes more in line with demand.
Russian President Vladimir Putin has praised an “all-embracing and strategic partnership” with China during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust.
The managing director of Score Europe said industry must "rise to the challenge" and "pull together" after the UK voted by a narrow margin to leave the European Union.
Energy Minister Andrea Leadsom has insisted Prime Minister David Cameron should remain in his position despite the UK voting to leave the European Union.
Chancellor Angela Merkel’s coalition is set to ban shale gas fracking in Germany, passing legislation in parliament on Friday that is set to end years of discussion over whether the nation should follow the U.S. in launching a boom in drilling.
Rising petroleum demand in China, North America and Europe will help bring global oil markets into balance this year, BP Plc Chief Executive Officer Bob Dudley said.
Four million households on pre-payment meters are to benefit from a temporary price cap which will reduce bills by around £300 million a year, the Competition and Markets Authority (CMA) said.
World financial markets have been rocked by the UK’s vote to leave the European Union, with stock markets and oil prices crashing and the pound hitting its lowest level in three decades.
North Sea Alex Kemp used a celebration of his 50 years with Aberdeen University to remind guests there was still a major oil and gas bounty to plunder in UK waters.
Axed employees of North Sea oil and gas firms attending a careers fair at Robert Gordon University said yesterday they were ready to embrace opportunities in other sectors.
Others said the lack of opportunities in the north-east had become chronic and they were even contemplating uprooting their families and leaving the region.
Michelle Cormack, above, found out she was being laid off in April after two years as a receptionist at offshore survival firm Falck.
Subsea 7 is to cut its global workforce by another 1,200 and has confirmed up 430 jobs will go in the UK as part of the company’s global resizing and cost reduction measures.