Chariot Oil & Gas to reduce staff by a third
Chariot Oil & Gas said it plans to reduce its headcount by a third as it looks to make cost savings.
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Good Energy signs agreement with ITM on electricity tariffs
Good Energy has signed a Memorandum of Understanding (MoU) with ITM Power to explore green electricity tariffs for hydrogen production at its refueling stations across the UK.
Worker dead after accident on Staoil rig in South Korea
A man working on a Statoil rig in South Korea has died following an incident last month where he was injured.
Alberta oil town at heart of fires remains 85% intact
The massive wildfires that swept through Canada’s energy hub of Fort McMurray left about 85 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods.
Magnum Hunter emerges from Chapter 11 filing
Magnum Hunter Resources has emerged from its Chapter 11 bankruptcy filing.
PDL nets two-year framework with Viking Seatech
PDL Solutions has netted a two-year framework agreement with specialist marine service provider Viking SeaTech.
UK losing appeal among green energy investors
Britain’s appeal as a market for investment in renewable-energy has been diminished by UK Government policy, a new report said. The UK now ranks 13th out of 40 countries in terms its ability to lure backers, which is an all-time low, according to the renewable-energy country attractiveness index from professional services firm EY. The top three positions were occupied by the US, China and India, while Argentina was the highest-scoring new entrant at 19th.
North Sea helicopter crash: Relatives visit site of crash 10 days on
Dozens of relatives of those killed in North Sea helicopter crash have visited the site 10 days after the incident.
Wood Group in double contract win, creates 100 new jobs
Wood Group has won two new, three contracts, totaling $140million.
Editor’s Column: The three things I learned at OTC
J. Paul Getty established his first successful oil well in Oklahoma in 1916. He later made one of the industry’s biggest gambles, investing millions in an unknown strip of land in Saudi Arabia – a gamble which paid off in 1953 at a flowrate of 16 million barrels of oil a year.
‘Visionary’ MER UK document could create ‘legal headaches’
The UK oil and gas industry is on the verge of one of the most fundamental changes in its history when the Energy Act receives Royal Assent, according to an oil and gas specialist at law firm Bond Dickinson LLP.
Oil rises as Canadian fires spread, Saudi Oil Minister replaced
Crude rose as expanding wildfires in Canada knocked out about 1 million barrels a day of output, and after Saudi Arabia replaced Oil Minister Ali al-Naimi with a close ally of the deputy crown prince.
New Saudi oil boss seen chasing record output to stump shale
Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the world’s largest exporter sticks with his predecessor’s policy of defending market share against higher-cost shale.
Rain boosts hope of ‘death grip’ on monster wildfire
Authorities say they have reached a turning point in the battle against an enormous wildfire and are hoping to get a “death grip“’ on the blaze that has ravaged parts of Canada’s oil sands city of Fort McMurray amid cooler temperatures and light rain.
Billionaire North Sea investor Jim Ratcliffe offloads firm
Billionaire North Sea investor Jim Ratcliffe has sold a business that makes polystyrene for packaging to a Polish firm for £63million.
Genel Energy names new COO
Genel Energy has appointed Paul Schofield as the firm's new chief operating officer.
Aqualis Offshore lands North Sea contract
Aqualis Offshore has won a North Sea deal with Siemens Wind Power.
Sinopec appoints new general manager after former No. 2 expelled
China Petrochemical Corp., one of the world’s biggest oil refining companies, named Dai Houliang as general manager, filling a role left empty since his predecessor was removed the company and then expelled from the ruling Communist Party on corruption charges.
Chinese government backed firm considering Hinkley Point stake
A Chinese state-backed nuclear energy firm is considering taking a stake in the Hinkley Point C nuclear power station, one of its officials has said.
Centrica in failed North Sea merger
Centrica's bid to merge its North Sea operations with a rival firm fell down just weeks before its fundraising bid, it is understood.
After 20 years, OPEC bids adieu to Saudi Arabia oil supremo
Saudi Arabian Oil Minister Ali al-Naimi, the architect of the 2014 switch in OPEC policy that’s since roiled the energy market, companies and entire economies from Mexico to Nigeria, is leaving his post.
Alberta’s`vicious’ wildfires spread to Suncor oil-sands site, knocks-out 1 million barrels
Wildfires raging through Alberta have spread to the main oil-sands facilities north of Fort McMurray, knocking out an estimated 1 million barrels of production from Canada’s energy hub. Fire officials say the out-of-control inferno may keep burning for months without significant rainfall.
Opinion: OPEC’s gambit means we’d struggle to cope with oil shock
OPEC's strategy to lock down its share of the oil market comes with a worrying by-product: rising production means the world is less able to cope with a big supply disruption than at any time since the financial crisis.
Saudi Aramco chief named Oil Minister in sign of stable policy
Saudi Arabia replaced its veteran oil minister with a close ally of the king’s increasingly influential son, Deputy Crown Prince Mohammed bin Salman, as the world’s largest crude exporter embarks on an economic overhaul designed to make it less reliant on energy.
Fuel tanker crash kills 52
Two buses and a fuel tanker have collided on a major highway in Afghanistan, killing 52 people, officials said.