Manufacturing output at highest level since mid-2014
Manufacturing output has hit a two-and-a-half year high, but businesses have warned they may be forced to raise prices as input costs jump on the back of the weaker pound.
energy
Petrobras agrees to sell 49% stake in joint venture
Petrobras has agreed to sell a 49% stake in a joint venture.
Iraq said to boost oil sales to China, US, India before Opec supply cuts bite
Iraq is selling more crude oil to its biggest customer in China digging a deeper foothold in the global supply market just before production cuts agreed with OPEC and other producers kick in.
Exxon adapts InterOil takeover deal
InterOil said it has increased the cap on an additional cash payment based on the output from a natural gas field in Papua New Guinea which was part of its sale agreement with ExxonMobil.
OPEC deal tests oil majors’ appetite for risk and reward
OPEC’s deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again -- if they still have the risk appetite.
Tillerson’s foreign prowess said aided by Exxon intelligence arm
Even before Donald Trump tapped him to be the top U.S. diplomat, Rex Tillerson already had his own State Department.
COSL takes legal action against Statoil over rig cancellation
COSL has filed a civil action lawsuit against Norwegian operator Statoil after it terminated a drilling contract for one of its rigs in March this year.
Idemitsu, Showa Shell give up on stop-gap plan for capital ties – reports
Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiya have given up on a stop-gap plan to form capital ties which were being considered as a way to get around opposition from the Idemitsu family to a full merger.
Libya’s biggest oil port, fields set to reopen this week
Libya is preparing this week to reopen two of its biggest oil fields and ship the first cargo from its largest export terminal in two years, as the war-torn OPEC state pursues plans to almost double crude output in 2017.
AGR joins forces with NetScenario to bring digital expertise to the oil and gas sector
AGR has joined forces with Netscenario to bring digital and automation expertise to firms across the oil and gas industry.
Petrofac nets $75m contract with South Oil Company for Iraq work
Petrofac has won a contract worth $75million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).
As Trump vows to boost drilling, fracking foes turn to courts
Janet McIntyre has heard President-elect Donald Trump praise fracking and the jobs it’s created. She’s living the other side of the story.
CNPC to reduce staff by 20%
China National Petroleum Company (CNPC) said it will reduce its staff at its headquarters in Beijing by 20%.
Maersk reduces Culzean costs by $500million
Maersk Oil has reduced the costs of its Culzean project by $500million.
New energy company league table will compare best deals
Ofgem is to begin publishing an energy company league table from today comparing the most expensive standard tariffs with the cheapest deals on the market to provide greater transparency to consumers.
Rick Perry tipped to join Trump administration as Energy Secretary
President-elect Donald Trump has selected former Texas Governor Rick Perry to lead the Energy Department, according to reports.
Gazprom Neft, NIOC agree study into development of fields in Iran
Russian oil producer Gazprom Neft and the National Iranian Oil Company (NIOC) have agreed to conduct a study into the possible development of two oil fields in Iran.
Big Six need a ‘kick up the backside’ over fuel bills, says former minister
Britain’s “Big Six” energy suppliers need a “kick up the backside” from the Government to ensure customers get the best deals, according to a former minister.
Business Secretary urged to rename Government’s industrial strategy
A Tory MP has told Business Secretary Greg Clark to drop the words “industrial” and “strategy” from the Government’s industrial strategy.
Opinion: SR crows about renewables supply chain performance overseas – I beg to differ…
Scottish Renewables is excited about the fact that a bunch of firms in Scotland have pulled around £125million of contracts from around the globe lately.
Former energy minister walks free after French court blocks extradition to Russia
A top French court has refused to hand over a Kazakh banker-turned-dissident to Russia despite accusations that he embezzled millions, saying it considered the extradition request from Moscow to be “politically motivated”.
Quebec paves way for oil, gas exploration with new energy plan
Quebec’s legislature passed a bill that will pave the way for more oil and gas exploration, providing a boost to drillers such as Junex Inc. while drawing criticism from environmental, aboriginal and citizen groups.
Kazakhstan may offer to freeze oil output at Vienna talks
Kazakhstan said it may offer to freeze its oil output at last month's level at talks between Opec and non-Opec producers in Vienna later today.
Trump team’s memo hints at broad shake-up of US energy policy
Advisers to President-elect Donald Trump are developing plans to reshape Energy Department programs, help keep aging nuclear plants online and identify staff who played a role in promoting President Barack Obama’s climate agenda.
OPEC’s historic deal won’t be enough to drain oil stockpiles
OPEC is likely to bring the oil market into balance by the middle of next year, but its production cut looks set to fall short of its stated goal of draining the stockpiles that are depressing prices.