Royal Dutch Shell Plc is set to ship a cargo of Iranian crude to Europe next month, becoming the second major oil company in the region after Total SA to resume oil trade after some sanctions on the Persian nation’s nuclear program were lifted in January.
India has always offered an interesting dichotomy for the upstream business. Full of potential with significant oil and gas fields, yet with only around a third of proven oil reserves online and less than 25% of India’s sedimentary basins currently explored. A huge and growing domestic energy requirement, yet India is a substantial importer of energy despite access to significant energy reserves. This is an interesting juxtaposition, which over the years many have commentated would change, yet until now hasn’t really. However, the scene is more than set now for this imbalance to be reset and India to increasingly take full advantage of its oil and gas resources.
A new wildfire has prompted Canadian oil producers Cenovus Energy Inc. and Canadian Natural Resources Ltd. to shut production just as output was being restored in other parts of Alberta after last month’s fires that cut about 40 percent of the region’s production.
Dong Energy today welcomed 36,000 new investors after selling 72,834,393 shares.
The UK is losing its lead in the global race towards a low carbon economy, a study by six leading development and environment organisations has warned.
SacOil has agreed an eight month extension for its onshore licence in Malawi.
Nine countries in the North Sea region are to work with the European Commission to enhance their collaboration in a bid to create windfarms across the region at a lower cost.
Norway’s industry safety body has formally imposed an order on BP to act on its crane maintenance and materials handling on the Ula and Valhall facilities.
Shell has donated its Arctic energy exploration permits to the Nature Conservancy of Canada following its controversial exit from the region last year.
A Norwegian court will assess next week whether an email sent to hundreds of employees by COSL was a valid form of dismissal from the company.
Greka Drilling has drilled the first of two directional wells for Essar Oil in Inda.
Hurricane Energy today confirmed it had suspended its efforts to source farmout partners for its Lancaster field development located west of Shetland.
Shell is learning not to waste a crisis. The Anglo-Dutch oil major is pulling on every lever to deal with the consequences of agreeing a takeover of rival BG Group just before the oil price collapsed last year. Shareholders can only hope that the zeal it now shows for running a tight ship will endure once the company is on a surer footing.
Helicopter chiefs in Aberdeen plan to end their use of the H225s on North Sea flights - unless customers call for the model to be used to fly their workers to installations.
Stranded in Burkina Faso by the 2010 Icelandic volcanic eruption while deprived of cigars, books and the assorted pills required by the over-70s, Algy Cluff decided the time was right to return to the North Sea.
North Sea helicopter operator Babcock has taken delivery of two new Sikorsky S-92 helicopters after Super Pumas were grounded in the wake of the fatal crash off Norway.
Conservative in-fighting over the EU is holding back the development of North Sea energy, the SNP have claimed.
One of the highest-ranking former executives at Petrobras has told investigators that Alstom SA and General Electric Co. paid bribes to win contracts more than a decade ago, underscoring how Brazil’s biggest corruption scandal continues to expand.
Oil giant Shell has marked its entire North Sea portfolio as part of its “cash engines” business - one of the three main areas of focus for the firm in coming years.
A two-month police probe said there was nothing to suggest Aubrey McClendon killed himself.
Oil closed above $50 a barrel in New York for the first time in more than 10 months as U.S. crude stockpiles are estimated to have fallen for a third week, trimming a glut.
Energy service firm Ardyne said yesterday it had recruited oil and gas veterans to help it achieve its “ambitious” growth plans.
When we think of travel risks we tend to imagine plane crashes or terrorist attacks. Such events are reasonably rare. The most common risks to travellers are opportunistic crime and traffic accidents.
Scottish homes with solar panels would have received enough energy from the sun to meet their entire electricity consumption last month, according to environmentalists.
Almost four million UK energy customers have been overcharged by their supplier due to billing errors in the last year, at a total of £270 million, a survey suggests.