Tullow Oil makes operating change after FPSO inspection
Tullow Oil said it has made a change to operating procedures at the Jubilee Field FPSO (floating, storage and offtake) vessel in Ghana.
Daily
British Gas profits at residential supply arm surge by 31%
British Gas has fuelled further controversy over energy prices as it announced profits at its residential supply arm surged by 31% in 2015.
Petroceltic completes sale of Egypt assets
Petroceltic has completed the sale of a number of exploration licences in Egypt.
Drillsearch and Beach Energy merger edges one step closer
Drillsearch Energy said the Federal Court of Australia has approved the company’s $277million merger with Beach Energy.
Oil extends gain as Iran backs output freeze without vowing cuts
Oil extended gains above $31 a barrel as Iran supported a proposal by Saudi Arabia and Russia to freeze production at near-record levels, without saying whether it would curb its own output. Futures climbed as much as 3.5 percent in New York after rising 5.6 percent Wednesday. Iran backs any measures to stabilize markets including the output cap, Oil Minister Bijan Namdar Zanganeh said after talks with Qatar, Iraq and Venezuela, according to a report from the Shana news service.
Renew News: India’s demand for renewables to surge
India will see a huge demand for renewable energy that far outweighs even its current output, according the chief executive of one of the country’s leading businesses.
Unite workers warned of scams amid North Sea downturn
A north-east union chief has warned members to be aware of online scams as the downturn in North Sea oil and gas takes hold.
Dundee port “no threat” to Aberdeen’s Nigg Bay expansion ambitions
The Port of Dundee has stolen a march in the race to become the top decommissioning and offshore renewables facility on the east coast of Scotland’s mainland with a £10million investment. The quayside upgrade project is slated for completion in just 18 months, owner Forth Ports said yesterday. Excluding unforeseen delays, it will be finished about three years ahead of Aberdeen harbour’s planned expansion in to Nigg Bay, putting Dundee in pole position to scoop new contracts.
Job losses estimated to have hit 50,000
An Aberdeen e-learning agency has estimated North Sea job losses hit 50,000 or more last year as it measured the impact on its business.
Brexit could add hundreds to family petrol bill, says AA
A decision to leave the European Union could lead to UK families paying hundreds of pounds more to fill up their cars, a motoring organisation has warned.
RWE takes £1.6billion hit on UK and German power stations
The owner of energy provider npower has revealed it will slump into the red after taking a 2.1 billion euro (£1.6 billion) hit on its UK and German power stations.
Statoil cancels Maersk rig contract
Statoil has decided to cancel contract with Maersk Gallant rig.
“Gatwick gusher” oilman aiming to prove “naysayers” wrong
The oilman who proclaimed that the so-called Gatwick Gusher would yield multiple billion barrels of oil has enjoyed this week's positive news from producer UK Oil and Gas Investments that the Horse Hill prospect is coming good.
UK Oil & Gas continues good results from Horse Hill-1
UK Oil & Gas said oil has continued to flow naturally to the surface at its Horse Hill-1 discovery in England.
Secret petro-diplomacy starts to pay off in echo of 1999 shock
For more than a year, oil diplomats have been busy behind the scenes trying to forge a deal between OPEC and nations outside the cartel to revive prices by curbing output.
Woodside profit wiped out as chief exec Coleman doubts oil recovery
Woodside Petroleum Ltd. reported a 99 percent decline in full-year profit, its worst result in 13 years, and cast doubt on any recovery this year from the energy price crash that forced it to write down the value of its assets.
Video: Opportunities abound for North Sea oil and gas companies in Mozambique
The potential opportunities for North Sea oil and gas companies in Mozambique and the surrounding region could be significant, according to a leading expert.
Brent trades near $32 as focus turns to Tehran after Saudi pact
Brent oil traded near $32 before a meeting between Iraq and Iran in Tehran after Saudi Arabia and Russia agreed to freeze production at near record levels amid a global glut.
Transocean to cut up to 190 Gulf of Mexico jobs
Transocean said it will reduce its headcount by up to 190 jobs in the Gulf of Mexico.
Video: Chevron chief exec impresses with Eagle shot
The chief executive of oil major Chevron made the “shot of the day” at a recent golf tournament in California. The talented golfer impressed fellow amateur golfers at the AT&T Pebble Beach Pro-Am earlier this month. His shot scored a two-under-par on the 18th hole at Pebble Beach. Watch the video below.
Oil and gas workers could tackle teacher shortage
Oil and gas workers in north-east could help tackle a major teacher shortage with government cash being invested to bring their expertise to the classroom. Budding teachers will be given a share of the £12million Transition Training Fund to help people facing redundancy in the struggling energy sector find work.
Ruth Davidson insists North Sea oil and gas industry has “real future”
Scottish Conservative leader Ruth Davidson yesterday insisted there is a "real future for the north-east" - and called on UK and Scottish Governments to pull together to help weather tumbling oil prices.
Sea Lion illustrates the importance of Falkand basin
Despite current low oil prices, the oil and gas industry in the Falkland Islands is continuing to go from strength to strength as its first project, Premier Oil’s Sea Lion, moves closer to commercialisation, according to an analyst with research and consulting firm GlobalData.
British High Commissioner: Mozambique energy market could help gender inequality
The British High Commissioner to Mozambique said last night she hoped women could benefit from the country's emerging gas industry, as she welcomed the proposed deal with the north-east.
Opinion: Is the love affair with pensions tax relief over?
The UK’s pension population’s love affair with pensions tax relief started when the Finance Act 1921 introduced tax relief for contributions to occupational pensions. Now, 95 years later, are we about to see the end of the traditional way in which tax relief is given on pension contributions?