BP chief executive Bob Dudley will face shareholders on Thursday amid investor anger over his 19.6 million dollar (£13.8 million) pay package when they gather for the oil giant’s annual general meeting.
A Norwegian shipyard has filed for bankruptcy with 96 jobs expected to be affected.
Premier Oil today confirmed first oil for its Solan field.
The safety of offshore workers as the oil and gas industry makes deep cuts in costs was a hot topic at the hustings event in Aberdeen yesterday.
Statoil has made a "minor" North Sea oil discovery.
Oil retreated from the highest level in more than four months as U.S. industry data showed crude stockpiles expanded before talks between major suppliers about freezing output.
Schlumberger Ltd. will reduce activity in Venezuela after the world’s largest oil services provider failed to collect enough payments from the national oil company.
GEV Group’s anti-corrosion coatings business has set up shop in Aberdeen. Oxifree UK will initially employ four to five people at its rented premises near Aberdeen Harbour. The facility will also be used as a training facility for technicians, while GEV’s other subsidiaries – GEV Offshore, GEV Windpower and Subsea Masters – will have a presence at the site.
A former oil industry worker has launched a quest to gather the thoughts and memories of those affected by the Piper Alpha disaster
Shipping company Atlantic Offshore (AO) confirmed it's “business as usual" at its Aberdeen operation after its parent company announced it had sold its assets and was filing for bankruptcy.
Ruth Davidson will launch the Conservative manifesto for Holyrood with a call for £1 billion to be spent over the next five years to ensure every home in Scotland is warm.
Two years ago, BP Plc said international sanctions against Russia could hurt its business there.
A split within the Liberal Democrats on fracking has been further exposed after former chief whip Mike Rumbles said he was in favour of lifting an SNP moratorium on the practice.
A nosedive in spending at cash-strapped oil and gas companies has inflicted an 82% drop in profits at Peterhead’s Score Group. Profits also took a tumble at Kintore-based Ferguson Group, which supplies offshore accommodation modules and containers for the international energy industry Score chairman Charles Ritchie said the global engineering firm had an “overhead structure” designed to cater for revenue streams in excess of £200million.
UK gas and electricity wholesale prices have dropped to their lowest level in almost a decade, sparking calls for suppliers to cut bills by 10%.
Victoria Oil & Gas has secured a $26million debt facility to support its production expansion at Logbaba through 2016 and 2017.
Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel by next year.
Shell could reduce operating costs by as much as $4.5 billion a year if its employees matched the productivity of BP, according to Morgan Stanley.
As oil markets look for the green shoots of a price recovery, LNG participants are hunkering down for a long winter.
An Aberdeen oil and gas consultancy has been snapped up by industrial giant Schlumberger for an undisclosed sum.
An Aberdeen-based subsea services company has been snapped up by investors including the Saudi-based investment bank of ten Arab countries.
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Even in the closely knit energy industry they are virtually unknown. On the streets of Geneva, London and Houston they go unrecognized. Yet a handful of executives were oil-industry standouts in 2015. They thrived because of -- not despite -- plunging crude prices.
Bosses at Aberdeen International Airport have revealed plans to double their controversial drop-off charge.
Saudi Arabia’s stock exchange, the Arab world’s largest, plans to start disclosing ownership information of top executives at listed companies as the kingdom steps up efforts to increase transparency.