The global crude oversupply that has caused prices to slump since 2014 is correcting itself, the oil minister of the United Arab Emirates said Tuesday on arrival in Vienna ahead of an OPEC meeting this week.
Prize winners from the Press and Journal’s inaugural Gold Awards have called for companies and individuals to enter again this year. Six trophies were presented at last year’s glittering event, which marked the 50th year of Aberdeen’s involvement in the development of the North Sea. Eight prizes will be up for grabs at the 2016 awards scheme, run in association with the paper’s sister website Energy Voice and title sponsor Aberdeen Asset Management.
An Aberdeen-based offshore cabin and container firm said yesterday it had snapped up a rival, paving the way for its expansion into Norway, Congo and Myanmar. The acquisition of Singapore-headquartered AOR Containers from Buss Global Group raises OEG Offshore’s global headcount to 160 from 140. It also adds 6,000 containers to the existing fleet of 19,000 at OEG, which was created in 2010 following a merger between Continental Offshore and Vertec Engineering.
Rovop, which specialises in all aspects of subsea remotely-operated vehicles, is celebrating £3million-worth of new contracts and expansion into new markets.
An oil analyst with a huge following abruptly closed his social media account causing dismay among his many followers.
Scottish businesses have reported a “troubling” dip in confidence in their prospects for the coming year.
In the rarefied world of oil macroeconomics there appears to be widespread - if grudging - admiration for Saudi Arabia's refusal to blink over its policy to continued high levels production as the oil price crashed.
Last year saw record investment and installation of renewables such as solar and wind power worldwide, a report has said.
Scottish Secretary David Mundell will travel to Texas today in a bid to boost support for the struggling North Sea oil sector.
New Economy Secretary Keith Brown is to travel to Aberdeen to meet leading figures from the oil and gas sector in the next few days as the sector continues to struggle in a “challenging economic environment”.
A force which controls oil terminals in eastern Libya said on Thursday it had gained further ground against Islamic State after taking a second town in as many days east of the militant group's stronghold of Sirte.
Investigators for a North Sea helicopter crash, which killed 13 people last month, are set to resume their search for missing parts next month.
Oil is set for the longest run of monthly gains in five years as output disruptions from Nigeria to Canada reduce supply before OPEC meets Thursday in Vienna to discuss production policy.
Failure was not an option.
SapuraKencana Energy today confirmed a “significant gas discovery” offshore Malaysia.
Total has struck a deal with Gulf Africa Petroleum Corporation's (GAPCO) for its assets in Kenya, Uganda and Tanzania.
Eland Oil & Gas posted record production in the Niger Delta, according to its latest financial results.
Shell has reported restarting an unspecified unit at its Scotford, Alberta, facility, according to a community information line.
Libya’s Petroleum Facilities Guard captured a town near the country’s biggest oil port of Es Sider after clashes with Islamic State militants as the divided country works to reunite factions and revive the economy and oil production.
A Scottish training centre has secured funding to help oil and gas workers adapt their skills for careers in different sectors. The European Centre of Technology (ECT), which is based at Napier University in Edinburgh, said the cash boost had come from the Galileo Project, an Italian scheme that was set up in 1975 to help pay for different types of training. The funding will be used to cover half of the cost of the ECT’s courses in management, engineering, finance and renewable-energy.
The downturn in subsea shipping activity provides the ideal opportunity for North Sea operators to fix the roof while the sun is shining, according to analysts.
Growing demand for rooms in Inverness over the past five years contributed to an overall increase in occupancy and revenues across the Scottish hotel market, a new report says.
Yusuf Alireza has gone but Noble Group Ltd.’s challenges remain. The commodity trader that announced Alireza’s resignation as chief executive officer on Monday as yet more assets were put up for sale, still faces the hurdle of raising about $1 billion to shore up its balance sheet.
The modern oil and gas engineer is as likely to be found using an tablet computer as a they are a socket and wrench on Maersk's new Culzean platform - which will be one of the most modern in the North Sea.
Scotland’s first dedicated Economy Secretary is to set out details of his plans to make the country more productive.