Ithaca names new chief commercial officer
Ithaca has named Richard Smith as its new chief commercial officer.
Daily
Oil shrugs as glut blunts shock from deeper Saudi-Iran clash
At almost any other time, an escalating diplomatic conflict between OPEC members Iran and Saudi Arabia would mean a spike in oil prices.
Opinion: Retirement – A time of freedom and enjoyment…
It is interesting the way that the meaning of certain words change with time, and ‘retirement’ is certainly a word that evokes a very different meaning nowadays to what it did 40 years ago. David Gibson, consultant, Mattioli Woods plc.
Tech Tuesday: Robots helping to detect pipeline gas leaks
A new generation of pipeline robotics that can extend the life of large diameter cast iron pipeline infrastructure could help save time and money for utility companies.
Iran’s need to sell oil suggests it may blink first in Saudi spat, expert says
Ongoing diplomatic tensions between Saudi Arabia and Iran is unlikely to escalate into to direct confrontation, with Iran likely to be the one who blinks first as it seeks to get its oil supplies onto the world market, according a leading Middle East expert.
Oil rises as Saudis cut ties with Iran after embassy attacked
Oil gained for a second day as Saudi Arabia cut ties with Iran a day after its embassy in Tehran was attacked to protest the Saudis’ execution of a prominent Shiite cleric.
EV Insights: The OGA’s first year in review
2015 was the year the Oil and Gas Authority (OGA) established itself in the North Sea marketplace. Energy Voice compiled the top stories relating to the regulator, mapping its journey along the way.
Supermarket giants drop Diesel prices under a £1
Drivers will be able to fill up on diesel for less than £1 per litre after three supermarket giants slashed prices from today.
Loren Steffy: How greater inter-dependence will transform oil markets in 2016
On the last afternoon of 2015, an oil tanker filled with light, sweet crude from South Texas’ Eagle Ford Shale formation eased out of NuStar’s North Beach terminal in Corpus Christi, and headed for Trieste, Italy.
Shale hoard behind US energy renaissance set loose on globe
The worst fears of OPEC and Asian gas exporters are about to come true.
Woodside makes oil find in emerging Myanmar
Woodside Petroleum confirmed a viable oil find for its exploration campaign in Myanmar.
Powering the North Sea: protecting profit margins
Whilst the recent oil and gas decline is having a considerable impact on the local and national economy with employment and business confidence levels in particular taking a hit, this slump is also having detrimental consequences to the industry’s finances.
Oil finds a silver lining in China’s unsated thirst for crude
China’s insatiable appetite for crude is at least one thing oil bulls can count on this year.
Growth boost despite tough conditions
Economic growth picked up in the final quarter of 2015 despite continuing problems for manufacturers, a new study has shown.
EV Insights: Energy Voice’s End of Year Quiz 2015
Test your knowledge of some of the biggest news stories of 2015 with Energy Voice’s End of Year Quiz.
24 hours that brought tragedy and chaos to North Sea
The fierce storm that had battered the UK mainland also brought 24 hours of tragedy and chaos to the North Sea, leaving one oil worker dead, an unmanned barge drifting out of control, hundreds of personnel evacuated and production shutdown on several oil platforms.
Owners bring drifting barge back under control
The barge which today caused mayhem on the North Sea has been brought back under control, vessel owners Eide Marine said. BP and ConocoPhillips were forced to shut down production and evacuate platforms in the central North Sea after the barge broke away from its moorings in stormy weather, posing a threat to the installations.
Russia ends 2015 with weekly oil production setting a record
Russia’s oil output is poised to reach a post-Soviet record of 10.86 million barrels a day this week as the nation’s producers continue to withstand the slump in prices, according to Energy Ministry data.
Robin Watson officially takes up Wood Group’s top role
Robin Watson will officially assume the chief executive role for Wood Group tomorrow.
Updated: One worker dead, two injured after massive wave hits North Sea rig
One worker has died and two others have been injured after huge waves hit a North sea rig.
Brae Alpha platform enters fifth day in shut down
A North Sea platform has entered its fifth day shut down as investigations continue into the cause of a gas leak on board the installation. Production was shut down on Marathon’s Brae Alpha platform after an alarm was raised on Boxing Day. Around 73 workers remain on board the platform which is about 155miles north east of Aberdeen.
A Texan businessman has saved himself $20m – by betting on the oil price
A Houston businessman who dubs himself “Mattress Mack” may have just saved himself $20million – after the oil price failed to peak past $85 by New Year’s Eve. Jim McIngvale, who owns Gallery Furniture in the Texas energy hub, told customers who spent more than $7,000 he would give them all their money back if the oil price rose past his marker by December 31st. The price of West Texas Intermediate has dropped as low as $36 this month with no signs of a sudden surge.
Video: Huge waves caused by Storm Frank batter North Sea platform
Huge waves have been captured by an offshore worker on a North Sea platform as Storm Frank battered the coast with winds of up to 70mph.
Opinion: The North Sea in 2015 is blowin’ in the wind
At the start of 2015, the North Sea oil and gas sector was staring into the eye of a perfect storm - a slump in oil prices, the cancellation of new projects, high costs of production, an unfavourable tax regime and a regulator that was not in place to maximise economic recovery. And as we approach the end of the year, the cold wind of low oil prices continues to batter the industry.
Cresswell: North Sea 2015 – quite simply, a horrible year (REVISED – JAN 1)
2015 was unquestionably the UK North Sea’s “Annus Horribilis”, or at least thus far.