Investment in new production likely to fall in 2017, IEA warns
Investment in new oil production is likely to fall for a third year in 2017, according to the International Energy Agency (IEA).
energy
67 killed after platform collpases at Chinese power plant
A platform under construction at a power plant in eastern China has collapsed, killing 67 people.
Oil production ceased on New Zealand platform after crack found
Cue Energy said has ceased oil production and is de-manning the Maari wellhead platform as it deals with a crack found in one of the platform’s horizontal struts.
AGR named as registered reserves auditor by Mexican authorities
AGR said its business in the Americas has been confirmed as a third party supplier to the country's oil and gas operators to certify and audit reserves.
Autumn Statement 2016: OGUK says “strong signal” being sent to investors
Industry body Oil & Gas UK said a "strong signal" has been sent to investors by the UK Goverment with their recommitment to a driving investment plan.
ExxonMobil’s giant oil refinery operating at planned rates after fire – reports
ExxonMobil's giant oil refinery in Louisiana is currently operating at planned rates after a fire earlier this week, according to reports.
Saudi Arabia’s OPEC sway limited by resurgent Iraq and Iran
Saudi Arabia’s dominance of OPEC isn’t what it once was.
Shell seeks to block Nigerian case from being heard in English court
Oil giant Shell has begun a legal battle to block claims brought against it by more than 40,000 Nigerians from being heard by the English courts.
Semco Maritime nets BP contract
Semco Maritime has been awarded a framework agreement with Aker BP in Norway.
Russian finance minister says budget to get money from Rosneft sale by end of 2016
The Russian budget will receive proceeds from a sale of a state stake in the country's largest oil producer by the end of the year.
Big oil slipped ‘poison pill’ as Norway seeks to limit exodus
As one oil major after the other considers leaving Norway, the alarm bells are sounding at the country’s Petroleum and Energy Ministry.
Vietnam’s National Assembly vote to scrap nuclear power plants
Vietnam's National Assembly has voted to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan.
India receives muted response to oil field auction
India has received a muted response to its first auction of a number of small discovered fields.
Elliot Management says Marathon Petroleum should split business into three
The hedge fund Elliot Management has called on Marathon Petroleum to conduct a strategic review and consider splitting into three businesses.
Total, Socar strike deal for first production phase of Absheron field
Total and Socar have struck an agreement for the first phase of production of the Absheron gas and condensate field in the Caspian Sea.
Legal proceedings launched over UK fracking decision
Legal proceedings have been launched at the High Court after the UK Government approved plans for fracking in Lanacashire.
California has announced $14M settlement with BP over gas tanks
California prosecutors have reached a $14million settlement with BP over violations in operating and maintaining underground storage tanks at gas stations in the state.
FTSE energy stocks boosted by OPEC deal hopes
Energy stocks shot to the top of the FTSE 100 as oil prices jumped on hopes that Opec was one step closer to reaching a supply cut deal that would buoy floundering prices.
Police and protesters clash at Dakota Access Pipeline
Police and protesters have clashed near the site of the Dakota Access pipeline, with at least one person arrested.
EnQuest confirms financial restructuring complete
EnQuest said it has completed its financial restructuring.
Hurricane Energy awarded licence close to Lancaster by OGA
Hurricane Energy said it has been awarded the P2308 licence by the Oil and Gas Authority (OGA) in an out of round application.
Interpol drops arrest warrant for MOL boss
An international arrest warrant which had been put out for the head of Hugary's MOL Group has not been renewed.
Firms to come together next month on MER talks for Southern North Sea
Offshore companies have come together to create a steering group which will explore opportunities to maximise remaining gas reserves in the Southern North Sea.
BEIS launches inquiry into Brexit negotiation priorities for energy and climate change
The department for Business, Energy and Industrial Strategy (BEIS) has launched an inquiry into the UK's Brexit negotiation priorities for energy and climate change policy.
Sirius Petroleum and Add Energy enter Nigeria contract
Sirius Petroleum has struck an agreement with Add Energy for a multi well campaign as part of the firm's offshore development strategy in Nigeria.