CNOOC, China’s third-biggest oil company faces a US blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters.
OPEC and its allies will likely delay a supply increase planned for January by three months, according to a survey of oil analysts, traders and refiners.
The Office for Budget Responsibility (OBR) has cut its forecast for North Sea oil tax receipts to the UK Treasury.
Key questions on oil decommissioning and its impact on the marine environment could take “years to answer” according to a leading researcher.
Around a fifth of North Sea oil and gas contractors have warned they expect to make further job cuts in 2021 as they continue to deal with ongoing turmoil in the sector.
North Sea operators have shelved more than half a billion pounds of decommissioning spending, according to a new report from Oil and Gas UK (OGUK).
The total amount expected to be spent on decommissioning oil fields in the West of Shetland this decade has surged above £1billion.
Baker Hughes has the “most ambitious” emissions reduction targets of the major oil and gas services firms, a new report has found.
With COP26 less than a year away, an intergenerational climate emergency requires intergenerational action. We have over 1,000 young energy experts that can help shape the climate debate, writes the Energy Institute’s Sinead Obeng AMEI
Governments in Holyrood and Westminster have been accused of having “no political will” to support a just transition away from fossil fuels to clean energy.
Taqa has taken a £339million write-down in the value of its North Sea assets as a result of Covid-19 and the oil downturn.
Crown Estate Scotland is tendering a £40,000 contract for a study into whether oil platforms can be reused to produce hydrogen.
Seadrill has bagged £39million worth of new contracts but confirmed plans to press on with scrapping a number of rigs in its fleet.
Greenpeace has been told that its activism in the North Sea crossed "the line” and “put lives at risk”, during the inaugural ETIDEX event from Energy Voice.
A North Sea trade union boss has warned the oil industry is “teetering on the brink” due to a lack of activity and investment in the basin.
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
The number of bankruptcies in the energy sector rose during the third quarter as the coronavirus pandemic continued to take its toll on the oil and gas industry.
Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build.
Scottish start-up Mocean Energy has raised £850,000 for a new technology to bring wave power to subsea oil and gas.
Oil companies are on track to discover 10 billion barrels this year, despite the coronavirus pandemic temporarily halting exploration activity this spring, according to Rystad Energy.
BP has shared a video of a robot dog being used on one of its oil and gas platforms.
Organisers of the Offshore Technology Conference (OTC) in Houston have postponed the 2021 event until August due to the Covid-19 pandemic.
The downturn has hit a “key inflection point”, with signs pointing to recovery for the offshore oil and gas helicopter market, according to new analysis.
The Serious Fraud Office (SFO) has secured £1.2million from the owner of a luxury London apartment bought after bribing Brazilian state oil firm Petrobras.
Dozens of jobs are at risk at Aberdeen engineering firm TDC, despite the company’s hope to stave off redundancies.