Moody’s warns of ‘significant impact on confidence’ of a Brexit vote
A Brexit vote would hit the entire European economy and have a “significant impact on confidence”, according to credit agency Moody’s in its latest warning over the EU referendum.
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Chamber boss sees some “shards of light”
The latest Aberdeen and Grampian Chamber of Commerce (AGCC)/Fraser of Allander Oil and Gas Survey is the first since Russell Borthwick became AGCC chief executive earlier this year.
Oil and gas firms “unfazed” by EU referendum
A majority of the 126 companies which responded to the survey were unperturbed – or perhaps disinterested – about the looming in-out vote on the UK’s continued membership of the European Union.
OPEC strategy “working” as oil nears $50 on demand
OPEC’s strategy to defend market share over prices is working as oil approaches $50 a barrel amid rising demand and declining output from producers including U.S. shale companies, Kuwait’s acting oil minister said.
Alberta plans reentry to oil-sands town ravaged by wildfires
Albertans who fled the wildfire devastation in the oil-sands community of Fort McMurray can tentatively expect to return in a couple of weeks, while the blaze still rages elsewhere in the region and major production sites remain shut.
American energy to shut after founder Aubrey McClendon’s death
American Energy Partners LP, the firm created by Aubrey McClendon, will shut down following the shale pioneer’s death, the company said in a statement e-mailed by an outside spokeswoman.
Renew News: London council unveils vast solar installation
A London council is unveiling a vast installation of 6,000 solar panels on a wholesale market rooftop, which it says is the largest such array put up by a local authority.
Fergus Ewing removed from energy brief in Scottish cabinet reshuffle
Nicola Sturgeon has unveiled her new Cabinet in a reshuffle which has removed Fergus Ewing from his energy role.
Struggling Seadrill agrees debt-for-equity exchange
Seadrill today confirmed it had agreed a deal with senior note holders worth $55million.
Shell faces opposition on CEO’s pay as bonus seen as excessive
Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”
Oil holds near seven-month high at $49.49
Oil held gains near the highest close in seven months as U.S. industry data showed crude stockpiles declined, trimming a glut.
Decom Offshore 2016: North Sea decommissioning worth $100billion, double original estimates, says top boss
Scotland has the opportunity to be at the heart of a $100billion decommissioning industry, more than double the value previously estimated, according to the chairman of the industry body Decom North Sea.
Oil stocks ‘outrun fundamentals’ with 300% gains in three months
As oil flirts with $50 a barrel, investors are trading drilling stocks as if crude were selling for $80, and that’s the kind of optimism that leads to corrections.
Scotia Homes to slash jobs as oil downturn slows sales
A north-east house builder has revealed plans to cut more than 20 jobs as it faces a decline in sales.
SSE profits fall 19.3% after dip in energy prices
SSE has reported a 19.3% drop in full-year pre-tax profits to £593.3 million after lower energy prices and increased competition took their toll on the firm.
Nobel Oil Downstream celebrates new Romanian investment
Nobel Oil Downstream, the retail arm of UK-registered Nobel Oil Services (NOS), has opened its second petrol station in Romania.
Houma woman to stage protest at Shell AGM
A representative of the native American Houma Nation Council will attend Shell’s annual general meeting next week to call on the board and investors to put an end to new offshore leases in the Gulf of Mexico.
Video: Aberdeen Harbour Board’s latest fly-through of Nigg extension
Aberdeen Harbour Board has released the latest animation illustrating the proposed new harbour extension at Nigg Bay.
BP exploration boss heads for the exit
BP head of exploration Richard Herbert is leaving the oil major after slightly more than two years in the job, a period in which the company slashed spending on the search for new deposits.
Petroleum data course launches at RGU
A north-east university has teamed up with an oil and gas data specialist to launch a new course as demand for information management grows despite the decline in oil prices.
Russia learns to live after crash as post-oil path takes shape
Call it a stealth overhaul.
Lingering US sanctions dissuading businesses entering Iran according to survey
The greatest concern for businesses looking to enter Iran is the remaining US sanctions, and its effect on the ability to raise finance according to research.
Oil sands restart plans thwarted as Alberta fire threat returns
Plans to bring back more than 1 million barrels a day of lost production in Canada’s oil sands are being delayed as wildfires sweeping across northern Alberta threaten operations again, prompting Suncor Energy Inc. to evacuate three sites it was restarting.
Total gets the go-ahead for its wildcat well
The Norwegian Drilling Directorate granted Total Norge a drilling permit for a wildcat well in the Martin Linge area.
NDT Global opens new office in Aberdeen as part of expansion plans
Pipeline inspection specialist NDT Global has opened a new office in Aberdeen, bucking the trend during the prolonged oil and gas downturn.