Two killed and eight injured in fire on Mexico offshore platform
A fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight.
Daily
World’s largest energy trader sees a decade of low oil prices
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house.
UKOG kickstarts Horse Hill flow tests
UK Oil and Gas (UKOG)today confirmed it had kick-started flow tests for its Horse Hill-1 oil discovery near Gatwick Airport.
Oil trades near $31 after Saudi-Venezuela talks as bets increase
Oil traded near $31 a barrel after Saudi Arabia and Venezuela met to discuss cooperating to stabilize the market and U.S. data signaled investors are split on the direction for prices.
Lime Rock invests £50million in North Sea well abandonment
Private equity firm Lime Rock has splurged £50million to launch a new North Sea company that specialises in both plugging and renewing old subsea wells.
Melfort Campbell: Scotland’s oil and gas sector must adapt to survive
As Scotland’s oil and gas sector faces the difficult road ahead, a refresh of the Industry Leadership Group (ILG) strategy gives us renewed hope and focus for the future.
Oscar hopeful Mark Ruffalo shines Spotlight on fracking
Oscar nominated actor Mark Ruffalo has called on the Prime Minister to abandon fracking and leave fossil fuels in the ground.
Wind power provided 48% of Scotland’s energy needs in January
Wind power provided almost half of Scotland’s entire energy needs last month, new research has shown.
‘Low gear’ growth sees job losses rise in January
Job cuts accelerated to a six-month high in the first month of the year as growth remained in “low gear”, according to a report.
Saudi, Venezuela oil ministers hold ‘successful’ talks on market
Saudi Arabian Oil Minister Ali al-Naimi said he held “successful” talks with his Venezuelan counterpart about ways of cooperating to stabilize the crude market, without saying what steps producers should take to shore up prices.
Sterling Resources on the brink as creditors call in debts
Sterling Resources has been given one month to sell-up or find an investor.
North Sea pipelines should be forced to stay open, says Premier Oil boss
The Oil and Gas Authority must be able to force companies to keep their pipelines and refineries open in the wake of low oil prices, according to Premier Oil's boss.
Four of America’s shale gas plays are now void of all drilling
As U.S. natural gas prices collapse to 1990s-era lows, producers in four shale plays are cutting their losses.
Oil murder for hire case descends into argument outside courtroom
Lawyers involved in an oil murder for hire case were forced to apologise to the judge after arguing outside the courtroom.
Iran sees oil exports to Europe at 54% of pre-sanctions level
Iran will start sending 300,000 barrels a day of crude to Europe, 54 percent of the total it shipped before authorities on the continent put an embargo in place.
146 oil rigs in UK waters ‘could be scrapped’ by 2026
Almost 150 oil rigs in UK waters could be scrapped within the next 10 years, according to industry analysts.
Oil lower for longer seen hurting offshore rig owners even more
As most of the battered oil industry looks ahead to 2017 for a solid recovery, signs are emerging that the downturn pain could last even longer for owners of the floating rigs that drill in water more than two miles deep.
BG fourth-quarter profit declines 54%, beating analyst estimates
BG Group Plc, the U.K. energy company being acquired by Royal Dutch Shell Plc, said fourth-quarter profit dropped 54 percent following oil’s decline.
ConocoPhillips cannibalises dividend as Occidental holds firm
ConocoPhillips joined the ranks of oil explorers curtailing dividend payouts after suffering its steepest quarterly loss in almost a decade. Rival drillers Occidental Petroleum Corp. and Statoil ASA are holding fast for now.
Texas isn’t afraid of $30 oil
Texas has a message for $30 crude doomsayers: Bring it on.
Delphian Ballistics on track for revenue target after selling 150 perforation guns in month
A north-east well technology company has sold 150 of its perforating guns in North America last month, scooping up more than £173,000 in the process. Delphian Ballistics said it has a hefty order book for its TriStim guns, which are built to order, and is projecting sales worth £2million in 12 months. The firm, founded in 2013, claims its perforating gun can “unlock efficiencies” and increase well flow performance by 50%.
Subsea Expo 2016: Next generation of engineers gets boost from industry
The next generation of subsea engineers are being encouraged to come up with new ideas for underwater equipment for industry.
Subsea Expo 2016: From military to oil and gas sonar technology
A sonar company has been able to bring its technology closer to market with the backing of Heriot Watt University.
Subsea Expo 2016: “A small Aberdeen company with a global footprint”
Enpro Subsea has bucked the trend growing from a small company of just five employees to 30 staff in just three years.
Airbus tests North Sea helicopter safety updates with Falck in Aberdeen
Safety training firm Falck is working together with Airbus Helicopters to help heighten safety in North Sea helicopter operations.