Range focuses on “most economic” wells in Trinidad
Range Resources plans to drill a development well on its acreage in Trinidad early next month after reviewing its workover programme to focus on the "most economic" wells.
oil and gas
Redundancy and the next steps, find help and guidance through PACE
Losing your job at any time is hard, but with thousands of people facing redundancy from Scotland’s energy sector, the plight of oil and gas workers is especially difficult.
Lukoil feels the pinch from crude price slump
Lukoil, Russia’s second-largest oil producer, saw profit slump by 59% in the first quarter as oil prices declined to a 12-year low.
RGU event for alumni and family members affected by the oil and gas downturn
Determined to help their peers and in partnership with their university, RGU’s Alumni Council, made up of RGU graduate volunteers, is organising a 'free-of-charge' event for all RGU alumni and/or family members of alumni who have been made redundant or are at risk of redundancy.
Video: Did you ever wonder if we’ll stop using oil and gas in the future?
Did you ever wonder if we will just stop using oil and gas in the future? Watch this scribble, courtesy of Statoil, to see how much oil and gas is needed in 2040.
Good times ahead for North Sea oil industry says Brown
The North Sea oil industry has a long future with “good times ahead” if it can work past the current downturn, according to Holyrood Economy Secretary Keith Brown.
Saudi Arabia considers surprise deal to repair OPEC’s divisions
Saudi Arabia is ready to consider a surprise deal with fellow OPEC members, attempting to mend divisions that had grown so wide many dubbed the group as good as dead.
Oil downturn sees police applications on the rise, eases Force’s recruitment challenges
The oil industry downturn has resulted in an increase in the number of people applying to become police officers, a top cop has claimed.
Cobalt appoints former BHP Billiton man as new chief exec
US independent Cobalt International Energy has confirmed ex-BHP Billiton executive Tomothy Cutt will replace Joseph Bryant as chief executive after Bryant quit.
Oil rebound has Citigroup seeing worst over for commodities
The commodities market has turned a corner and prices are unlikely to return to lows seen in the first quarter, according to Citigroup Inc., which boosted forecasts from metals to grains amid an oil-led recovery.
MOL posts increased profit despite upstream slump
Oil and gas producer MOL posted a big jump in first-quarter profit, despite a big drop in its E&P (exploration and production) business performance.
Centrica aims to raise £750million to cut debt and pay for acquisitions
Centrica has announced plans to raise around £750m in a placing to fund acquisitions and cut debt.
Repsol beats analyst estimates thanks to chemicals and refining
Repsol, the worst-performing major European oil stock over the past year, beat analysts’ estimates as the performance at the refining and chemicals division compensated for low oil prices.
TAQA reiterates commitment to oil and gas assets, denies merger talks
TAQA, the Abu Dhabi based energy company, responding to reports it was considering selling its international oil and gas assets said it remains committed to investing in its portfolio.
DONG Energy has wind in its sails as profits increase in 2016
Wind power helped Denmark's Dong Energy to increase profits in the first quarter of 2016.
Freeport McMoRan cuts energy jobs after posting sixth straight loss
Commoditities giant Freeport-McMoRan is scaling back its energy business and continues to try to sell some oil and gas assets as crude prices rebound from 13-year lows.
Exclusive: Nicola Sturgeon pledges to help struggling offshore sector by securing renewables deal
Nicola Sturgeon has pledged to help Scottish oil and gas companies secure contracts in the offshore renewables industry if her party is re-elected on May 5.
Dong IPO may happen a year earlier than planned
The owners of Dong Energy, who include the Danish government and Goldman Sachs, may hold an initial public offering almost one year before a previously announced deadline, according to reports.
Deal or no deal, oil freeze seen having little supply Impact
Oil market watchers see a 50-50 chance that Russia, Saudi Arabia and other major producers will agree to freeze output in Doha on April 17, but either way they don’t anticipate any impact on crude supply because most of the countries are already pumping flat out.
Nobel keeping a close watch on Shell’s asset sale plans
North Sea newcomer Nobel Upstream will scour the list of UK assets held by Shell to see if any meet its acquisition criteria, its boss said yesterday.
President makes new board appointment
South America focused President Energy has appointed former Repsol and Petrobras engineer Jorge Dario Bongiovanni as a non-executive director of the company.
Scotland’s oil and gas sector must build on global reputation
Internationalisation is critical for Scotland’s growth and one of the four themes in the Scottish Government’s economic strategy.
Exxon says production will rise as spending slows
Exxon Mobil, the world's largest publicly traded oil company, has revealed its output would rise slowly in 2017 as it continues cutting costs.
2016 shaping up to be a tough year for oil and gas graduates
2016 will be a "super tough" year to graduate for students studying oil and gas related subjects, according to the head of the University of Aberdeen's energy institute.
Dong Energy to reduce headcount by around 280
Danish state owned energy company Dong Energy is to reduce its oil and gas headcount by more than a third by the end of the March.