Labour makes nuclear warning
Labour has warned lessons must be learned from the Tories' "mistakes" in their handling of plans for a new nuclear power station at Hinkley Point.
Daily
Solar farms come to threatened wildlife’s rescue
Threatened wildlife including turtle doves and skylarks could benefit from a scheme which has been launched to create natural habitats at solar farm sites.
Abu Dhabi stocks enter bull market as oil spurs Mideast rally
Abu Dhabi stocks entered a bull market, leading Mideast gauges higher, as rising oil prices added to growing bullish sentiment across global equities.
Iran billionaire sentenced to death in oil fund fraud case
Iranian businessman Babak Zanjani was sentenced to death after being found guilty in a fraud case involving an oil fund, the state-run Iranian Students’ News Agency reported on Sunday, citing a judicial official.
EnQuest drafts in help to manage debts
EnQuest has reportedly drafted in help to manage its debt portfolio as it battles a depressed oil price environment.
Statoil insists terms have been met to cut ties with COSL
Statoil today insisted it had met the terms to pull the plug on its COSL Innovator contract for its Troll licence.
Energy giant Npower to cut 2,500 jobs
Energy firm npower will announce this week it is to cut around 2,500 jobs, according to reports.
Opinion: Why is Saudi Arabia even prepared to discuss supply restraint?
A second meeting has been pencilled in by the kingdom, Russia, Venezuela, Qatar and an unspecified group of oil producers (OPEC and non-OPEC) to talk again about the proposed output freeze, according to Nigerian petroleum minister Emmanuel Kachikwu. But no-one should read this as a sudden outbreak of altruism in Riyadh.
Petrobras refinery fire near Houston injures one, company says
A fire at a Texas oil refinery operated by Petroleo Brasileiro SA temporarily closed the Houston Ship Channel and left one person injured.
Lib Dems make fracking U-turn
The Liberal Democrats have performed a U-turn on fracking as the party pledged its Holyrood election manifesto will include a commitment to oppose the controversial practice.
LGO Energy reaches payment deal agreement with BNP Paribas
LGO Energy said it has reached an agreement with BNP Paribas on a revision to its schedule of repayments.
SeaEnergy moves into acquisition talks
SeaEnergy said its board has entered into discussions with a number of parties for acquisition of its R2S Visual Asset Management business as well as other group assets.
McClendon’s American Energy says it will continue operations
American Energy Partners LP, the firm created by Aubrey McClendon, said it would continue its work despite its founder’s death in a car crash Wednesday. “While all of the employees at AELP are deeply saddened by this tragic event, we are firm in our conviction that Aubrey would want us to persevere and continue his extraordinary legacy of innovation and creativity," the Oklahoma City-based company said in a statement on its website Thursday.
Carbon capture experts say new report proves Westminster made a mistake
The UK is “exceptionally” well-placed to proceed with carbon capture and storage (CCS), if only the UK Government would support it, experts insist.
Hunting axed “just under 100 posts” in north-east last year
The oil price rout forced Hunting to lay off “just under 100 workers” in the north-east of Scotland last year, the energy service firm said yesterday. Hunting reduced its global headcount by 30% to 2,784 in 2015 as part of cost-cutting measures which were brought in amid a severe slump in drilling activity. Chief executive Dennis Proctor said the outlook for the industry was “bleak”, adding: “We are in a wilderness without a single path to guide us.”
Repsol to reduce Calgary headcount by up to 15%
Repsol said it plans to reduce its headcount from its Calgary workforce by up to 15% as its looks to streamline costs.
MPs ramp up pressure on Chancellor for North Sea oil and gas tax breaks
MPs from across the regions which make up the North Sea offshore industry joined forces yesterday to ramp-up the Budget pressure on George Osborne. The chancellor was warned repeatedly of the need to support the oil and gas sector through the downturn and help it thrive in the long term.
Exxon said to join race to export US crude as oil glut swells
Exxon Mobil Corp. has become the first major US oil company to ship American crude overseas, joining a band of independent traders that are trying to ease a glut at home after a 40-year export ban was lifted.
Oil set for 3rd weekly gain as producers plan to meet on freeze
Oil headed for the longest run of weekly gains since May as Nigeria said key members of OPEC intend to meet with other producers in Russia this month to renew talks on an agreement to freeze output.
North Sea industry drowning in “tsunami of supply”, MP warns
The North Sea oil and gas industry is “drowning in a tsunami of supply”, a Conservative MP warned today.
Consumers urged to switch as millions ‘pay over the odds’ for energy
The energy market is still failing the majority of customers who are missing out on savings of up to £400 a year, a watchdog has warned.
T. Boone Pickens pays tribute to former Chesapeake boss
Energy magnate T.Boone Pickens has paid tribute to the former boss of Chesapeake who died on a one-car crash a day after he was charged with conspiring to rig bids for oil leases.
Tullow FPSO completes journey from Singapore to Ghana
Tullow Oil said it remains on track for first oil from its TEN Tweneboa-Enyenra-Ntomme) project offshore Ghana.
SNP fracking policy questioned as Labour confirms opposition
Nicola Sturgeon has insisted fracking in Scotland “ain’t allowed to happen“ as Labour announced its opposition to the controversial process.
SNS 2016: EEEGR chief says East of England is considered the “poor relation” of Aberdeen
The chief executive of the East of England Energy Group (EEEGR) said today his region had historically been seen as the “poor relation” to the north-east of Scotland within the oil and gas sector.