French government says it supports UK nuclear plant project
France’s economy minister has confirmed the government supports French energy company EDF’s nuclear power plant project at Hinkley Point.
Daily
Schlumberger CEO sees `full-scale cash crisis’ in oil sector
Schlumberger Ltd. cut more jobs in the first quarter as the world’s largest provider of oilfield services sees the industry in an unprecedented downturn.
Solar-powered plane completes three-day journey across Pacific
A solar-powered plane landed in California on Saturday, completing a risky, three-day flight across the Pacific as part of its journey around the world.
Remarkably high number of UK profit warnings, research says
The number UK companies making profit warnings is “remarkably high” despite a significant downgrade in expectations for earnings, according to a report.
Saudi Arabia leads Gulf stock gains on eve of post-oil vision
Saudi Arabian stocks led an advance across most Gulf Arab equities as the kingdom prepared to announce a road map for the post-oil era.
China may raise fuel prices for first time in six months on oil
China may increase local fuel prices for the first time in six months following a rally in oil prices.
Ex-oil trader, consultant charged with conspiracy to defraud Chevron
A former Chevron Corp trader and an oil company consultant have been arrested and charged with running a kickback scheme that allegedly enriched them while cheating Chevron out of the full value of trades, US authorities said on Thursday.
Oil majors $100 hangover hurts profit as cost cuts fall short
The world’s biggest oil companies, set to report their worst quarterly earnings in more than a decade, are finding their cost-cutting efforts haven’t matched the decline in crude prices over the past two years.
Police patrol gas stations as Nigeria gripped by fuel shortage
Nigeria deployed police and soldiers to gasoline stations to maintain order as fuel shortages grip Africa’s biggest oil producer.
North Sea firms becoming “more creative” about cost savings
A leading oil and finance expert said North Sea companies are becoming "more creative" about how they reduce costs amid the 'lower for longer' oil price.
Video: Drone footage captured in confined spaces
Sky Futures has produced new footage showing how confined space inspections take place. The video was captured at the company’s 350acre testing and training centre. The drones can inspect storage tanks, vessels and other confined space and inspections take hours rather than days or weeks. Watch the footage below.
Timelapse: Incredible footage of Wood Group’s new building taking shape
Industry leader Sir Ian Wood yesterday opened the new Wood Group office named in his honour in Aberdeen.
OPEC: ‘Psychological support’ only outcome of meeting
An agreement on production levels by OPEC would have created only “psychological support” for the market, according to a top analyst.
Video: Shark caught on film close to Tyra East Platform
This footage shows a basking shark swimming close to the Tyra East platform. The video was caught on film by an oil worker around 10 metres from the platform. The basking shark is the second largest living fish, after the whale shark, of three plankton eating sharks. Watch the short clip below.
Opinion: OPEC policy is greatest concern for senior executives
As greater and greater detail emerges about the OPEC meeting in Doha this past weekend, only one fact seems to matter – there is no agreement to freeze production.
Climate deal set for UN signing, environmental doubts remain
The UK is among more than 160 countries set to sign up to the world’s first comprehensive deal to tackle climate change at a ceremony in New York.
Atlantis outlines its ambitions for Indonesia
Atlantis Resources, the Scottish firm behind the MeyGen tidal-energy project in the Pentland Firth, has followed up a £6.5million cash injection with new joint-venture in Indonesia.
WGPSN to make further job losses, changes to pay for North Sea workers
Wood Group could make further job losses on Shell’s Brent Delta and changes to pay for some of its staff, according to recent document.
Video: Statoil loads jacket for mega windfarm, enough power for 410,000 homes
Statoil's £1.5billion Dudgeon Offshore windfarm will harness enough power to supply 410,000 homes in the UK.
Odfjell Drilling to make 200 job cuts
Odfjell Drilling said it will reduce its headcount by 200 positions.
Wood Group wins $150million North Sea contract, secures 190 jobs
Wood Group has landed a $150million North Sea contract extension with Nexen.
Centrica makes £170million acquisition
Centrica today confirmed its £170million takeover of Denmark-based Neas Energy.
Three killed and dozens injured in Mexico petrochemical plant blast
An explosion has ripped through a petrochemical plant on the Gulf of Mexico’s southern coast, killing three people, injuring dozens and sending a toxin-filled cloud into the air.
Oil producers saw $32billion boost before Doha freeze talks
Even if oil producers didn’t seal the output freeze deal they hoped would stabilize the market, they saw revenues soar in the run up to the failed meeting last weekend in Doha.
Oil trades near 5-month high as US Crude Production declines
Oil traded near the highest level in almost five months after U.S. production dropped to the lowest since October 2014 and Iraq said producers plan a new push to agree on an output freeze in talks as early as next month.