Saudi stocks defy Moody’s cut as Maaden rallies; Dubai retreats
Saudi Arabian stock investors showed they care more about the price of oil than what New York-based Moody’s Investors Service Inc. thinks about the kingdom’s debt dynamics.
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Companies ‘missing a trick’ over stock market flotations
Small investors are being blocked out of the majority of UK stock market flotations as research reveals just one in eight listings over the past two years was offered to the public.
14 killed as Islamic State militants attack natural gas plant near Baghdad
Islamic State militants have attacked a state-run natural gas plant outside Baghdad, killing at least 14 people, officials said.
Climate change protesters march on Washington oil refineries
Hundreds of climate activists have marched to the site of two refineries in north-west Washington state to call for a reduction in reliance on fossil fuels.
Opinion: Nigeria matters more to oil right now than Saudi Arabia
Drag your attention away from the Middle East for a moment. While policymakers have been focused on Saudi Arabia's oil market machinations, what really matters right now is happening 3,000 miles away in the Niger River delta.
Video: Islamic State Militants attack natural gas plant near Baghdad
Islamic State militants have attacked a state-run natural gas plant outside Baghdad, killing at least 14 people, officials said.
Dossier: Journey to North Sea platforms now a form of “Russian roulette”
Workers have written to their union to express safety fears following the EC225 crash of April 29 in Norway
Workers to have pay cut after refusing to work after helicopter crash
Workers on board a North Sea platform have been told they will have their pay docked after downing tools in response to the fatal helicopter crash off Norway.
“Lethal mix” of fear and despair in wake of North Sea helicopter crash
A huge and emotional outpouring of distressed and angry emails have been received by the leading offshore workers’ trade union RMT since a fatal helicopter crash in Norway killed 13 people last month.
Iran’s speedy oil revival unlikely to mean change in OPEC stance
Iran’s success in boosting crude output to the most since late 2011 is no incentive for it to join OPEC partners in curbing production to shore up prices. With crude rallying, analysts see no immediate need for action.
World’s biggest tidal-energy device launched in Belfast
Orkney-based renewables firm Scotrenewables Tidal Power (STP) said today it had launched the world’s largest energy generating tidal turbine.
Shell pulls out of all but one Arctic lease
Oil major Shell has reportedly given up on all but one of its offshore leases in the Chukchi Sea, less than a year after it ditched Arctic drilling plans.
Developer confident of wind farm go-ahead despite subsidy setback
The backers of a £2billion wind farm planned for the outer Forth Estuary have not been scared off by moves to scrap a subsidy agreement, the project’s developer said yesterday. The Low Carbon Contracts Company (LCCC), which manages for the contracts for difference (CfDs) for the UK Government, said in late March it would terminate the state subsidy for the Neart na Gaoithe (NNG) wind farm. But developer Mainstream Renewable Power said it was not taking the setback lying down and insisted funding was still in place for NNG, which was expected to result in £1.1billion of spending in Scotland and create 600 jobs.
Energy Bill: What does it mean for the OGA?
This week, the Energy Bill was agreed by both Houses and has now received royal assent. Want to find out more and what this means for the OGA?
New North Sea beckons oil producers off Canada’s eastern coast
A change to an obscure shipping law is helping draw major oil companies to an area off Canada’s east coast that may rival the North Sea for its production potential.
Oil at $45 a barrel proving no savior as bankruptcies pile up
Three bankruptcies this week shows that $45 a barrel oil isn’t enough to rescue energy companies on the verge of collapse.
Offshore workers tell OGUK chief “we don’t get it” over offshore cuts
The boss of industry body Oil and and Gas UK has moved to clarify comments she made to MPs after angry oil workers objected to her claiming they "get it" about why cost cutting measures are being taken by companies.
Question mark “hangs over” Aberdeen harbour expansion plans
Aberdeen Harbour Board (AHB) has discarded a study which raised environmental concerns about its £415million plans to expand into Nigg Bay. Green groups said yesterday there was a “question mark” hanging over the site after a report revealed higher than expected levels of metal contamination within the area to be dredged for the expansion. But the results of that study were discounted after second study came back clean.
Les Linklater: Leading the hard way, not learning the hard way
The disbelief in my initial reaction, to yet another tragic helicopter accident, was surpassed quickly by an overwhelming and heartfelt sadness that, once again, we had lost more colleagues as they simply travelled home from another offshore trip.
Minister pressed to promise residents’ fracking wishes ‘will not be overidden’
Communities which reject fracking projects should receive the same protections by ministers as those who successfully campaign against wind farms, Labour has said.
Workers from Suncor Energy set to return to facilities after wildfire
Workers from Suncor Energy are set to return to facilities closed during a massive wildfire in Canada.
OGA chief exec “always worried” about North Sea workforce
The chief executive of the oil and gas regulator insisted yesterday it would be wrong not to be concerned about safety at such a transformational time for the industry.
In Pictures: Montrose Area Redevelopment reaches major milestone
A new name in North Sea oil and gas said yesterday it had already achieved a “major milestone” by installing a bridge-linked platform for the £1.6billion Montrose Area Redevelopment (MAR).
Algy Cluff warns of “grave threats” to UK energy security
Oil and gas veteran Algy Cluff has hit out at the UK government claiming its energy policy in recent years has delivered “grave threats” to Britain’s energy security.
If you like delivering bad news, Petrobras has the job for you
What used to be corporate Brazil’s top job as chief executive officer is now a tough gig to sell.