Exclusive: Wood Group North Sea negotiations revealed..as both sides make concessions
North Sea workers will be offered competency allowance by their employer Wood Group after thrashing out a new deal on proposed changes to their contracts.
brent
Oil rebounds as fighting halts Libya’s Ras Lanuf export return
Oil rebounded from the lowest close in more than a month after clashes halted what would be the first crude shipment from Libya’s Ras Lanuf export terminal since 2014.
Expro could fall under control of investment funds – reports
Expro could soon fall under the control of a quartet of investment funds as part of a financial overhaul, according to reports.
Opinion: Not a headlong rush into decommissioning, but we should plan ahead
There is no doubt that decommissioning represents a major economic opportunity for the UK over the coming decades.
Video: Huge ship slated for Brent Delta topside lift sails away from Rotterdam
The huge crane ship booked to lift the Brent Delta topside away in one piece left Rotterdam at the weekend ahead of offshore trials. Allsea’s twin-hulled Pioneering Spirit had been moored in Rotterdam since January 2015 for installation, commissioning and testing of the topsides lift system. If the southern North Sea trials go to plan, the vessel’s first job will be to remove the 13,500 tonne Yme mobile offshore production unit off Norway for Repsol.
Oil slides after biggest monthly loss in year as US adds rigs
Oil fell after its biggest monthly decline in a year as U.S. producers increased drilling and crude and fuel stockpiles remained at the highest seasonal level in at least two decades.
Wood Group boss says its “hugely disappointed” over continued strike action
The chief executive of Wood Group has said the company is "hugely disappointed" after failing to reach a resolution with unions to bring strike action to an end.
Shell says no impact on production expected on eve of North Sea strike action
Oil major Shell said it does not expect any impact on oil production ahead of the first strike action in a generation tomorrow.
Oil falls amid warnings of retreat to $40 on weaker demand
Oil fell amid a growing number of predictions that prices may slide toward $40 a barrel as consumption falters and supply disruptions end.
Video: Decommissioning Shell’s Brent field
Oil major Shell has revealed fresh footage which shows how it will decommission its Brent field in the North Sea.
Oil falls to two-month low as US drillers boost operations
Oil dropped to a two-month low after U.S. producers deployed the most rigs since April, signaling that output losses that trimmed a global glut may slow.
Oil drops below $50 amid Asia demand concern
Oil has dropped below $50 amide signs US shale drilled have been adapting to lower prices.
Shell braces for possible North Sea strike action
Shell has found itself at the centre of workforce dispute, after negotiations broke down last week.
Russia’s savior from oil’s drop is now snuffing out recovery
Russia is finding the flip side of a flexible currency less and less appealing.
Brent oil falls below $50 after nigeria boosts crude production
Brent crude sunk below $50 a barrel as estimates showed Nigerian production rose last month following repairs to infrastructure that had been damaged by militant attacks.
Brent trades near $50 as Nigeria militants claim fresh attacks
Brent oil traded near $50 a barrel as Nigerian militants claimed fresh attacks over the weekend, threatening the country’s efforts to raise output.
Video: Shell’s Brent decommissioning project in the North Sea
This footage shows the incredible steps oil major Shell has been taking in the North Sea on its Brent decommissioning project.
Brexit: Norway’s largest financial market warns country’s oil and gas sector will be hit hardest
Norway's largest financial group said the country's oil and gas industry will see the biggest impact from the Brexit vote.
BP’s Dudley sees oil markets balancing with $50 crude this year
Rising petroleum demand in China, North America and Europe will help bring global oil markets into balance this year, BP Plc Chief Executive Officer Bob Dudley said.
Brent trades above $50 for 1st time in 6 months as supplies drop
Brent crude rose above $50 a barrel for the first time in more than six months as a drop in U.S. stockpiles accelerated a rebound from a 12-year low after global disruptions trimmed the market’s glut.
Oil trades near $40 as Kuwait strike curbs production
Oil traded near $40 barrel in New York as a strike in Kuwait cut output from OPEC’s fourth-biggest member, countering the bearish impact of a failed bid to reach an agreement to freeze production.
Brent swings near $40 as falling US rigs counter Iran output
Brent crude, the global benchmark, swung between gains and losses near $40 a barrel as a dwindling rig count in the U.S. countered Iran’s plans to expand production.
Brent halts gain near $40 as stockpiles counter freeze proposal
Brent oil halted gains above $40 a barrel as forecasts that U.S. stockpiles would remain at the most since 1930 competed with speculation producers may agree to an output freeze.
Oil trades below $31 as rising US crude stockpiles expand glut
Oil traded below $31 a barrel after U.S. crude stockpiles rose to the highest in more than eight decades as Saudi Arabia and Russia propose to freeze output amid a worldwide surplus.
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.