EV in Houston: Energy city has hit bottom, says top economist
Houston's top economist has called bottom of the city's energy downcycle.
energy
Saudi Arabia says it will clear delayed payments by year end
Saudi Arabia will clear all delayed payments to private sector companies by the end of the year, bringing to an end a policy that slowed growth in Arab world’s biggest economy.
Promoted:Key steps to profitability and productivity
Unattended health issues not only threaten the worker – but can also threaten the productivity and profitability of their organisation.
Investigators to look into Alabama pipeline incident
The US National Transportation Safety Board has opened an investigation into the Colonial Pipeline Co accident in Alabama.
Eni CEO urges non-OPEC to cut output, sees profit at $50 oil
Eni SpA’s chief executive officer called for oil producers outside OPEC to join the group in cutting production to stabilize the market and said his company could still make money with crude at $50 a barrel.
Chevron achieves first gas from North Sea field
US oil major Chevron has commenced production on one of the oldest North Sea gas discoveries today in what has been hailed as a significant technological achievement creating hundreds of jobs in the UK.
EV in Houston: How Aberdeen’s energy sister city is faring
Aberdeen has long touted its energy twin Houston.
Tethys offices in Kazakhstan raided
The offices of Tethys Petroleum in Kazakhstan have been raided amid allegations of theft.
Saudi markets are in recovery mode as bond debut sparks euphoria
Stocks just chalked up their longest rally since 2014, default risk is tumbling and the cash squeeze in the nation’s banking system is suddenly dissipating.
Chevron pledges to share North Sea Alder learnings to help unlock small pools potential
Chevron has pledged to share some of the “learnings” of the Alder project with the wider industry to exploit small pools in the North Sea.
Opinion: Challenging times call for radical measures
Challenging times call for radical measures, and in the North Sea oil and gas sector these are certainly challenging times.
Iran working on laws to spur renewable energy investments
Iran is working on regulations to attract investment in renewable energy, according to Elham Aminzadeh, adviser to President Hassan Rouhani, as the nation considers solar, wind and hydro power as ways to diversify from regular crude-based fuel.
Economy Secretary to travel to Abu Dhabi on trade mission
Economy Secretary Keith Brown is to travel to the Middle East in a bid to boost overseas trade following the vote for Brexit.
Scottish Labour says fracking ban would send “message to the world”
Scottish Labour has claimed a ban on fracking in Scotland would "send a message to the world".
Chinook Remembered: Service today will pay tribute to lost loved ones
The 30th anniversary of the North Sea oil industry's worst helicopter crash will be marked today at a service of remembrance.
Sempra Energy agress to buy stake in $5bn natural gas pipeline project in Peru
Sempra Energy has agreed to buy a majority stake in a $5billion natural gas pipeline project in Peru.
Prepare for North Sea oil flood as OPEC plans output curbs
Oil producers in the North Sea, home to one of the world’s key crude-price benchmarks, are poised to ship the most crude in more than four years. The surge takes place just as OPEC tries to contain a global surplus with coordinated output cuts.
Brazil’s wind power industry faces challenging outlook
Brazil's wind power industry said it faces a challenging outlook as projects are delayed due to lower electricity demand while new licensing rounds by the government are in doubt.
Nigeria’s Senate seeks near completion of oil bill essentials by year-end
Nigeria's Senate has said it will nearly complete work by year end on two major areas of long-delayed legislation to tackle problems in managing the nation's oil wealth.
EDF postpones restart of five nuclear reactors
French utility EDF said it has postponed the restart of five of its nuclear reactors until the end of the year.
Hereema to cut 58% of workforce in UK, Netherlands and Poland
Hereema Fabrication Group (HFG) said it will cut 450 jobs in the UK, Netherlands and Poland as a result of poor market conditions.
Shell thinks demand for oil could peak in five years
Royal Dutch Shell Plc, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years.
Obama says army engineers examining North Dakota oil pipeline reroute options
US president Barack Obama has said army engineers are examining whether the Dakota Access oil pipeline can be rerouted in southern North Dakota to alleviate the concerns of Native Americans.
Saudi Aramco boss predicts oil price rebound for 2017
Saudi Aramco has said it expects oil prices to rebound in the first half of next year and for demand to remain healthy.
Talks continue over financial fate of Malaviya Seven crew
Negotiations over money owed to a number of Indian nationals working on a vessel in the North Sea area said to be ongoing.