Updated: Seapulse entry continues North Sea ‘trend’ of private equity newcomers
A “trend” of private equity-backed newcomers to the North Sea has been carried on with the entry of Seapulse.
Cantor Fitzgerald
How do we square the Brexit circle?
Squaring the Brexit circle amid so much political uncertainty is causing a noticeable smattering of anxiety across Scotland’s renewable energy sector.
Investment boost for Marathon’s ‘unloved’ North Sea assets
RockRose’s swoop for Marathon Oil’s UK business will breathe new life and investment into “unloved and marginal” North Sea assets, an analyst said yesterday.
Expect oil price slide to halt as Opec cuts kick in, analyst says
Oil prices will stabilise over the coming weeks as cuts agreed by OPEC kick in, an analyst has said.
‘Time for Scotland to capitalise’ as it hits 100% wind benchmark, ORE boss says
Smashing a wind industry benchmark of 100% generation shows it's "time for Scotland to capitalise" on its success, a wind sector boss has claimed.
Shell’s Shearwater hub could help discoveries in ‘development purgatory’
Shell’s confirmation that it is expanding the Shearwater hub could lead to further North Sea investment, according to an analyst.
OPEC+ cuts branded a ‘fudge’ by analyst
Production cuts of 1.2 million barrels a day agreed by Opec and its allies fall short of what was needed to rebalance the market, an analyst has said.
Oil rebound if traders convinced OPEC cuts are ‘for real’
A backstop could be placed on the recent oil price freefall if traders are convinced OPEC proposals to cut production are "for real", according to a leading petroleum economist.
Saudi leadership of OPEC shaky after Qatar’s surprise exit
Qatar’s “surprise” decision to withdraw from OPEC raises questions about the loyalty of the cartel’s remaining members, analysts said.
DNO bid for Faroe ‘opportunistic’ and ‘too low’, analysts say
Norwegian firm DNO's £444 million takeover bid for Aberdeen-headquartered Faroe Petroleum is "clearly a low-ball offer", analysts have said.
Oil falling deeper into ‘bear territory’ amid waning demand, analysts say
Brent crude sank by about 4% yesterday as fears of supply eclipsing weakening global demand continued.
Aberdeen oilfield services firms could miss out over Iran sanctions
Smaller oilfield services firms in Aberdeen could miss out on work in Iran due to newly-imposed US sanctions, an analyst said yesterday.
Spirit, Hurricane deal ‘win-win’ for both firms, analyst says
Spirit Energy’s swoop for stakes in Hurricane Energy’s Greater Warwick Area (GWA) is a “fantastic deal”, an analyst has said.
Scottish offshore wind becoming ‘cutthroat’ creating job fears, expert says
The offshore wind industry “is getting a bit cutthroat” an industry expert has warned amid union fears that Scottish supply chain firms could miss out on contracts.
Simec Atlantis to overcome MeyGen turbine glitches with little fuss, analyst says
Turbine glitches are unlikely to have a "material impact" on a ground-breaking tidal power project off the north coast of Scotland, an analyst said today.
Opec could create North Sea ‘cash boost’
An agreement to boost global oil production may provide a cash boost to the North Sea, according to a leading analyst.
Russia and Saudi Arabia to account for Opec production boost, say analysts
Despite Opec announcing a 1million barrel daily increase in production yesterday, the oil cartel did not say which countries will account for that.
Opinion: Crude could hit $60 if nations stick to output cuts
As expected following comments ahead of the meeting on behalf of Saudi Arabia and Russia, OPEC members have agreed to prolong the existing production curtailment (a cut of 1.8m bbl/d including Russia’s cuts) to the first quarter of 2018. OPEC has a self-imposed goal of bringing stocks down from a record high of 3bn bbls to the five-year average of 2.7bn bbls.