Premier shares sink more than 8% on Falklands fears
Reports that a United Nations commission has ruled that Argentina’s territorial waters should be extended to include the Falklands hit the shares of South Atlantic oil explorers yesterday.
Daily
Ineos gears up Grangemouth for US shale imports
The operator of the Grangemouth petrochemical plant confirmed a second manufacturing unit will be reopened as the site prepares to receive shale gas ethane from the US.
Chevron cancels Maersk Drilling contract early
Oil major Chevron has given an early cancellation notice to Maersk Drilling for its ultra deepwater semisubmersible.
Faroe Petroleum eyes possible acquisitions
Faroe Petroleum said it plans to take advantage of the lower oil price to make “selective, value enhancing” acquisitions.
Barclays warns commodities may slump on ‘rush for the exits’
Commodities including oil and copper are at risk of steep declines as recent advances aren’t fully grounded in improved fundamentals, according to Barclays Plc, which warned that prices may tumble as investors rush for the exits.
Energy customers may see return of doorstep selling
Changes to the household energy sector could cause a rise in deceptive sales tactics - including doorstep selling - forcing customers into more expensive contracts, a trading standards expert warns.
Union leaders in steel industry talks ahead of Tata board meeting
UK union leaders have held talks in India ahead of a crucial board meeting of steel giant Tata which could decide the fate of thousands of workers.
Falkland Islands seeks clarification over UN maritime territory ruling
The government of the Falkland Islands is concerned about a decision by a United Nations commission to expand Argentina’s maritime territory.
Clean-up begins after oil spill in Louisiana Bayou
A clean-up operation is under way after crude oil spilled into a body of water in southern Louisiana.
UK can be leader in multi-billion pound small pools sector
A drive towards exploiting the millions of barrels of oil in the North Sea's small oil pools could lead the UK's subsea sector to become world leaders in exploiting hard to recover oil supplies and sustain the industry for decades to come, according to a senior industry figure.
Shetland Facilities Management wins £10m BP contract
An independent facilities manager on Shetland has won a three year contact from oil major BP thought to be worth £10million.
Blowing in the wind: Brexit storm for renewables
The UK’s renewable energy industry could be harmed by Brexit with the loss of incentives to develop a low-carbon economy, legal experts have warned.
Sub $50: Diplomat says if you’ve got a compelling proposition – it’s a good time to set out your stall
British Consul Karen Bell said there is "massive opportunity" for companies to take advantage of the lower oil price and bid for new business with firms.
Federal oil and gas leases halted over bird concerns in US
Concerns over a bird that ranges across the American West continue to delay federal oil and gas lease sales, five months after Interior Secretary Sally Jewell proclaimed the Obama administration had found a way to balance drilling and conservation.
Texas oil and gas regulators keeping close ties to industry
The cozy relationship between state oil and gas regulators and the industry they monitor is typified by a revolving door of officials who leave the Texas Railroad Commission to lobby for energy companies, including several who recently departed and made six-figure salaries working the Capitol hallways last year.
Israel’s High Court strikes down government natural gas plan
Israel’s High Court struck down the government’s controversial proposal to regulate the natural gas industry, in a dramatic ruling that blocked plans to develop the country’s largest field and conclude export deals.
Trump would consider halting US oil purchases from Saudis unless it provides troops to fight IS
Republican presidential candidate front-runner Donald Trump has said he would consider stopping US oil purchases from Saudi Arabia unless the Saudi government provide troops to fight Islamic State (IS).
Shell considers North Sea sell-off in bid to raise $30bn
Shell today confirmed it was considering a North Sea sell-off in a bid to balance its financial books after completing its $35billion mega takeover of BG.
China car fever lifting gasoline use seen as root of diesel glut
China’s love of cars and the gasoline that runs them is exacerbating an oversupply in another fuel decried by refiners across Asia, according to Bank of China International.
Total promises to stem flow from flare stack from Sullom Voe
Shetland Gas Plant operators Total have promised to stem the flow of black smoke pouring out of their recently-commissioned flare stack at Sullom Voe.
Oil halts two-day slide after US rig count resumes decline
Oilrose for the first time in three sessions after the number of active rigs fell in the U.S., potentially easing a supply glut. Futures advanced as much as 1.1 percent in New York, paring a 4.8 percent loss in the previous two sessions. Rigs targeting oil in the U.S. fell by 15 to 372, according to Baker Hughes Inc. More than 150 have been parked since the start of the year.
Oil companies move from Singapore to Malaysia in bid to save costs
Multinational oil companies are said to be pulling staff out of Singapore and moving them to Malaysia in a bid to save costs, according to reports.
Hydro energy developer pledges to minimise impact of work in Scottish glen
A hydro energy developer has pledged to minimise the impact of work being undertaken in what many have called one the most beautiful glen in Scotland.
Geothermal well could heat AECC and homes
A pipe stretching nearly 1.2miles into the ground could deliver heating from the earth to the new Aberdeen Exhibition and Conference Centre (AECC) and nearby homes, a report has found.
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