Rosneft board rumours abound, sources claim Glencore’s Glasenberg in running
Glencore's chief Ivan Glasenberg and a top executive from Qatar's state wealth fund QIA will likely join the board of Russia's Rosneft this year, according to sources.
oil and gas
Derek Mackay: UK budget must do more for North Sea oil and gas industry
Although there are encouraging signs that confidence is beginning to return to the oil and gas industry, the UK Government must do more to ensure its recovery.
‘Not surprising’ North Sea oil calling for budget help, MSP says
An MSP claims it is "not surprising" that the North Sea oil and gas industry has called for another lifeline in today's budget.
EV Guest Editor: Derek Leith – This is not the oil and gas budget
The Budget on March 8, follows hot on the heels of the Autumn Statement on November 23. It is also the first of two Budgets we can expect this year as the UK transitions to an autumn rather than spring budget timetable. Usually it’s only election years during which two Budgets are delivered, but this year is an exception.
Scottish Energy Minister petitioned over alleged oil and gas jobs discrimination
Aberdeenshire East MSP Gillian Martin is to write to the Scottish Government over alleged discrimination against job hunting former oil and gas workers.
Odfjell Drilling Ltd posts loss /rig write downs due to lack of activity
Odfjell Drilling Ltd suffered a net loss of $75million in Q4 after writing down the value of two rigs.
Sodexo appoints new senior VP for UK offshore and marine business
Food services giant Sodexo has appointed Susan Elson as its senior vice president for its offshore and marine business in the UK and Ireland.
Norway raises oil and gas investment forecasts for 2017
Norwegian companies will invest £14.4billion in oil and gas extraction and transport this year, a 1.9% increase on previous estimates, the country’s stats office said today.
This is not the end of the North Sea, Sir Ian Wood claims
Sir Ian Wood claims the North Sea oil and gas industry is "nowhere near the end of its life".
UK Government ranks oil sector as ‘low priority’ in Brexit talks, report says
The UK Government has ranked the oil sector as a “low priority” industry in the Brexit negotiations, a news report said today.
Transocean owners billed £400,000 after running aground
The Coastguard has billed the owner of an oil rig that ran aground in the Outer Hebrides for £400,000.
CIA proposed Falklands oil deal with Argentina weeks before war
American spy chiefs proposed striking a 50/50 oil deal with Argentina just weeks before a war that claimed the lives of more than 900 people.
UK Government’s Industrial Strategy green paper only mentions “oil and gas” twice
Theresa May's government green paper on industrial strategy makes only two specific references to the UK's struggling oil and gas sector.
Halliburton highlights a world of contrasting oil and gas markets
Energy service company Halliburton Company highlighted “ a tale of two cycles”, with the North America market seemingly on the mend but continued woes elsewhere, as it delivered its 2016 results.
KPMG oil and gas chief predicts more infrastructure deals in 2017
There is currently a “massive appetite” for UK North Sea infrastructure among potential investors, an oil and gas expert said yesterday.
EPI Group secure finance deal for expansion
EPI Group have secured a finance deal which will allow it to diversify into new services and continue to grow globally as a company.
KPMG says expected jump in oil and gas failures has ‘simply not materialised’
Oil and gas industry woes are not reflected in the latest figures for business failures across Scotland, KPMG said yesterday.
Rovop on the mend after loss of key customer
North-east firm Rovop, which specialises in all aspects of subsea remotely-operated vehicles, has reported confidence in its prospects as it strives to diversify.
Globalisation strategy paying off for Flexlife
Energy service company Flexlife, of Aberdeen, said yesterday it was starting to reap the dividends from cost-cutting and its globalisation strategy.
Premier still working on new finance package
North Sea operator Premier Oil announced a further deferral of lenders’ covenant tests yesterday as it continues to negotiate a refinancing.
RockRose seals the deal for North Sea fields
London-listed RockRose Energy said yesterday it had signed an agreement with Maersk Oil North Sea UK to acquire non-operated stakes in the Wytch Farm (7.43%), Scott (5.16%)and Telford (2.36%) fields.
Subsea Expo 2017 is ‘ideal platform’ for the industry to plot a brighter future
Industry body Subsea UK is urging firms to embrace the “new norm” in order to safeguard their future.
Brexit with a French twist
An Aberdeen-based reservoir engineering consultancy has invited local French nationals and people interested in trading with France to a Brexit-focused business meeting today.
Tech Tuesday: Oil industry helps solve shortage of gas used in life-saving medicine
Scientists have hailed a helium discovery which could solve a shortage of the gas threatening life-saving work in medicine.
Opinion: Oil companies have one more thing to worry about
Even those oil and gas companies which didn’t express a view on “Brexit” prior to the referendum are likely to be concerned by the uncertainty and volatility which is likely to follow the “Leave” vote.