Aibel wins Statoil FEED contract for Troll C
Aibel has been awarded a FEED contract by Statoil for a study into the installation of a new gas module on the Troll C platform.
energy
Oil prices rise above $50 mark as OPEC meets to tackle excess supply
Oil prices have soared as the Opec cartel gathered in Vienna in an attempt to thrash out a deal to tackle the global supply glut.
Centrica to sell Trinidad and Tobago assets to Shell in $30m deal
Centrica has agreed to sell its interests in Trinidad and Tobago gas assets to oil major Shell for a cash consideration of $30million.
Orion Group, CNOOC in joint venture deal
Orion Group has become the first mapower company to sign a joint venture agreement with China National Offshore Oil Corporation (CNOOC).
Jersey Oil & Gas raises £1.6m for North Sea Verbier well
Jersey Oil & Gas said oversubscribed placing has seen the firm raise £1.6million from new and existing shareholders.
Premier Oil receives monthly deferral on financial covenants
Premier Oil said it has received a monthly deferral in respect of the test of its financial covenants.
Amec Foster Wheeler strikes nuclear agreement with Tecnatom
Amec Foster Wheeler has struck a collaboration agreement with Tecnatom under which the two firms will work together to create an enhance offering for customers in the nuclear industry.
Opinion: OPEC – Short term gain, long term (continued) pain?
It’s coming down the wire.
Africa Energy strikes farm-out deal with Pancontinental Oil & Gas
Africa Energy has entered into a farm-out agreement with a subsidiary of Pancontinental Oil & Gas for the firm to acquire a 10% working interest in a licence offshore Namibia.
Bank of England ‘ stress test’ to consider oil price dropping below $20
The Bank of England will give its latest verdict on the health of Britain’s biggest lenders tomorrow after testing them against a global economic crisis and crashing house prices.
Concerns over oil supply meeting drag FTSE 100 index down
London’s top-flight index remained in the red as investor jitters over the Italian referendum and Wednesday’s crunch meeting on global oil supply continued to dog the market.
Nostra Terra acquires 80% interest in Texas assets
Nostra Terra will acquire an 80% working interest in an number of oil and gas interests comprising the Pine Mills field and associated assets in Wood County, Texas.
Hurricane signs FPSO deal on track for West of Shetland first oil
Hurricane Energy has struck a deal for the Aoka Mizu Floating Production Storage and Offloading Vessel (FPSO) on the company’s Lancaster field, West of Shetland.
Trump’s election win likely to hamper, but not stop, climate progress
Business tycoon Donald Trump's election win is unlikely to hamper progress on climate policy, according to a new report.
Norway resumes high-level talks with Russia
Norway has resumed high-level talks with Russia on trade and economic cooperation which were broken off after Moscow annexed Crimea two years ago.
Edison looks to triple its Italian customer base
A unit of EDF said it wants to triple its Italian customer base and buy Eni's retail base.
Havila gets eleventh hour reprieve on restructuring
Havila Shipping has avoided bankruptcy at the eleventh hour after bondholders approved restructuring.
Statoil gets Johan Sverdrup appraisal well nod
Statoil has been given consent to drill an appraisal well at Johan Sverdrup.
Oil stocks fall as Saudi Arabia shuns producers’ meeting
Oil stocks were sliding on Monday after Saudi Arabia pulled out of a meeting with oil producers, raising questions over whether an output deal which could support floundering prices will be struck this week.
Tata Steel nearing £100m sale of speciality steels business
Tata Steel has moved closer to selling its Speciality Steels business, a move that would secure jobs across the UK.
Maersk and Dong believed to be in talks for North Sea oil merger
Maersk and Dong Energy have started talks regarding a possible merger for their oil businesses.
Oil trades near $46 amid skepticism OPEC to reach output deal
Oil held declines near $46 amid skepticism over OPEC’s ability to reach an agreement to cut output and as representatives prepare to meet Monday amid last-minute negotiations over the deal the group aims to formalize Wednesday.
Swiss cast votes in nuclear energy referendum
Swiss voters are casting ballots in a referendum led by environmental groups that would require the government to set a precise timetable to end the country’s production and use of nuclear energy.
Even if OPEC gets a deal, it risks reviving battered oil rivals
Three days from a crucial meeting, OPEC’s deal to curb oil production and end years of global oversupply hangs in the balance. But even if ministers hash out a meaningful accord on Wednesday, there are dangers for the oil-exporter club.
Iran said to assess 1.1million barrel-a-day collective OPEC cut
Iran is assessing a proposal for a collective OPEC output cut, but hasn’t announced any commitment to reduce its own production as the group tries to end disagreements about how to share the burden of supply cuts ahead of a meeting in Vienna.