As oil majors escape the rout, key questions emerge for 2018
For the world’s largest oil explorers, it’s a time of transition.
oil
Western Europe’s biggest oil producer is getting another fix
A rally in the price of black gold is giving Norway another fix.
Trump tax plan a $190billion boost to US oil, study finds
When President Donald Trump gave his State of the Union address Tuesday night, he touted the sweeping U.S. tax overhaul approved by Congress last month. For the country’s oil explorers, the law should mean an almost $200 billion boost in asset values, one consultant says.
Unions fear Norway export drive will end era of cheapest power
Norway’s vast resources of Europe’s cheapest and greenest electricity has helped its energy-intensive industry gain an edge and produce everything from aluminum to chemicals and tankers.
Oil loses steam on threat of inventory growth and dollar’s gain
Oil’s slowing down as danger signs flash ahead.
Exclusive: Spirit goes after more Chiswick field gas with £75m investment
Spirit Energy expects to bring another 50billion cubic feet of gas on stream at one of its North Sea fields after sanctioning a £75million investment in a new well.
Lifeboat called out after S92 helicopter landing gear malfunction
A lifeboat was called to the aid of a Sikorsky 92 helicopter on Monday afternoon due to a fault with its landing gear, RNLI has revealed.
Texas oil and gas workforce at 7-year low
The Texas oil industry's attempt to do more with less may have left the state's oil and gas workforce permanently smaller.
US oil’s spread to Brent narrows to tightest in five months
U.S. oil strengthened against the global Brent benchmark, reducing the gap to the narrowest in five months amid declining stockpiles.
Gas flaring law error cost Nigeria billions of dollars
Africa’s top oil producer plans to make gas flaring more costly for companies that have escaped the payment of billions of dollars despite being fined, Nigerian Finance Minister Kemi Adeosun said.
Updated: Serica to open Aberdeen headquarters in 2018
Serica Energy today revealed that it would open new operational headquarters in Aberdeen this year.
Shell shielded from Forties fallout by ‘internationalisation’, North Sea sales
Shell is performing “extremely well” at a time when Brent crude is at its highest price for three years, the oil giant’s upcoming fourth quarter results will show.
Verbier project partners closing in on drilling rig
Jersey Oil and Gas said today that efforts to book a rig for an appraisal well on the Verbier prospect in the North Sea were at an advanced stage.
What could push oil to $100?
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019.
Opinion: Are we there yet, OPEC? Oil policy needs a destination
Are we there yet?
Oil unstoppable as hedge funds take bets to new high
The enthusiasm in the oil markets is breaking records.
Updated: RockRose pulls out of deal for North Sea fields
Oil firm RockRose Energy today revealed that its efforts to buy stakes in two North Sea fields were dead in the water.
Oil set for weekly gain as crude stockpiles and dollar decline
Oil headed for a weekly increase as U.S. crude stockpiles dropped further and the nation’s currency weakened.
When Trump puts America first, these commodities are at risk
Commodities would be particularly exposed if U.S. President Donald Trump’s decision to impose tariffs on foreign solar panels and washing machines sparks a tit-for-tat trade war with nations around the world.
UK economy beats forecasts despite Forties shutdown
Britain's economy performed better than expected in the fourth quarter thanks to the country's powerhouse services sector, though there are warning signs of "slower and uneven" growth.
Kishorn among Highland projects securing government cash for decommissioning
The Scottish Government will split £1.5million between six projects in an effort to secure more North Sea oil and gas decommissioning work for the country.
North Sea picture at its brightest for a long time
What has 2018 got in store for the North Sea? Shonah Raffan is managing director of Strategic Resources and tells P&J Recruitment how the industry has changed during her career
Oil extends three-year high after record decline in stockpiles
Oil extended its three-year high as a record stretch of declines in U.S. crude stockpiles added to signs that global markets are burning off a chronic surplus.
North Sea not back to ‘plain sailing’ yet, despite rising confidence, DNV GL report says
Investment is starting to flow back into the UK oil and gas industry as confidence levels soar after three tough years, a new report says.
Opec output cuts expose oil to volatility once again
The unintended consequence of OPEC’s quest to drain a global oil glut may be a sharp rise in price volatility as the buffer against worldwide turmoil and disruptions is stripped back.