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.
oil and gas
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.
Uncertain future for Engie’s North Sea assets
French energy firm Engie, previously GDF Suez, is putting all its oil and gas assets under review as it turns its focus on low-carbon activities.
Encana reports $612million net loss and cuts headcount
Canada's Encana reported a net loss of $612million - its fourth straight quarterly loss - as it said it would cut jobs by 20%, reduce its annual spending forecast and lowered shareholders' dividend as it absorbed the impact of plummeting oil and gas prices.
Chesapeake plans more asset sales as it marks £2.3billion loss
US natural gas producer Chesapeake Energy Corp more than halved its annual capital budget and said it would sell more assets this year.
Professor examines oil and gas cyber security threats
An IT expert from Aberdeen's Robert Gordon University (RGU) has taken part in an international conference highlighting how oil and gas companies can better protect themselves from cyber threats.
Senterra looks outside oil and gas sector for acquisitions
Senterra Energy said it is making progress on identifying and reviewing acquisition targets in the oil and gas sector and beyond.
Intertek technology offers sampling boost for oil and gas
New speciality sample cyclinders will enable offshore chemists to transport samples containing mercury and hydrogen.
NOF Energy gives helping hand to Shetland supply chain
NOF Energy, the UK business development organisation for oil, gas, nuclear and offshore renewables sectors, is helping Shetland-based energy sector supply chain businesses access new markets.
Offshore wind helps Dong Energy’s results as it moves from oil and gas
Offshore wind has propelled Danish energy company Dong to an a record breaking operating profit in 2015 of £1.8billion as the company signalled its intention to shift its focus from oil and gas to renewables.
Sasol gets go ahead for more Mozambique exploration
Sasol has obtained approval from the Mozambique government to develop more oil and gas fields.
Seafarers’ safety ‘at risk thanks to flag of convenience practices’
The UK Coastguard Agency must respond to concerns that safety of UK seafarers is being compromised by North Sea operators employing foreign workers from lightly regulated regimes in order to “exploit our natural resources”, a Holyrood committee has said.
Incremental Oil and Gas increases proven reserves in US
Australia's Incremental Oil and Gas has increased its proven producing reserves by 75% to 1,021.7 MBOE1 at its Silvertip oil and gas field in Wyoming USA.
Tech Tuesday: Robots helping to detect pipeline gas leaks
A new generation of pipeline robotics that can extend the life of large diameter cast iron pipeline infrastructure could help save time and money for utility companies.
Cars and aerospace offset collapse of oil and gas in UK economy
Motor vehicles, aerospace and the rejuvenation of pharmaceuticals provide considerable reasons for optimism next year, according to a leading business group.
Scotland “bankrupt” claim as MPs clash over SNP oil revenue predictions
Scotland would be “entirely bankrupt” and probably “scuttling” for help had it secured independence, a business minister has claimed.
EY survey shows 67% of oil and gas companies ready to do deals
More than two-thirds of global oil and gas executives expect to pursue an acquisition in the next 12 months, according to EY’s Oil & Gas Capital Confidence Barometer.
Oil bulls brace for repeat of OPEC’s bearish blow at meeting
Hedge funds are betting this week’s OPEC meeting will deliver another bearish blow to crude.
Minister launches scathing attack on failure to “protect” oil and gas sector
John Swinney has launched a scathing attack on the UK Government over its "failure" to protect the oil and gas sector.
Oil halts drop as response to Paris attacks weighed against glut
Oil halted its decline near the lowest close in more than two months as investors weighed a global supply glut against heightened geopolitical tension after France bombed Syria in response to terrorist attacks in Paris.
Ineos extends its interests in North Sea gas fields
Ineos has extended its interests in the North Sea after snapping up a further 25% stake in the Clipper South Gas Field from Fairfield Energy.
Scots company’s acoustic technology helps track marine life
A cutting edge ‘listening’ device designed and manufactured by a Scottish company for use in the oil and gas and renewables industries is helping monitor dolphins and other marine life.
Firm eyes £500k turnover
A fledgling Aberdeen IT firm is on track to reach the £500,000 turnover mark after winning new business from oil and gas firms looking to cut costs, it said.
Shell CEO doing all to safeguard dividends amid low oil prices
Royal Dutch Shell Plc is “puling out all the stops to safeguard” its dividend in a world where oil prices remain “lower for longer,” chief executive officer Ben Van Beurden said.
GE strikes export financing deal that could create 1,000 jobs
General Electric said it had struck an agreement with the Government to access export financing of up to 12 billion US dollars (£8 billion) in a deal that could create up to 1,000 jobs.