Mexico desperate to lure oil investment before election
Mexico is trying to lure as much oil investment as possible before the president who overhauled the country’s energy industry leaves.
oil
Iceland’s oil dream in peril as China, Norway give up last block
Iceland’s hope of finding oil offshore its coast is fading after China and Norway decided to back out of the island nation’s only remaining exploration license.
Oil rally pauses on signs US crude tanks start to fill again
Signs of a possible gain in U.S. crude stockpiles have put the brakes on oil’s rally.
Production on the rise in Norway
The Norwegian Petroleum Directorate reported an increase in production in December.
Video: Bristow unveils new Aberdeen passenger terminal
Bristow Helicopters has unveiled a new passenger terminal for offshore workers flying out to North Sea installations.
Pipeline of delayed projects starting to flow, Rystad research shows
The number of delayed oil and gas projects sanctioned last year was more than double that of 2015 and 2016 put together.
North Sea drilling activity lifts Halliburton revenues
US oil service firm Halliburton said an upturn in drilling activity in the North Sea boosted its financial performance last year.
Oil’s rout is over, hail the return of $100 crude! Maybe
After three years of gloom, the number 100 is finally starting to resurface in the forecasts of market analysts.
Positive oil output could drive Scottish productivity, report says
Brexit could reduce business investment in Scotland by £1 billion by 2019, a new report on the state of the economy has warned.
BP hires Dolphin rig for £6m
Oil major BP has booked a Dolphin Drilling rig for a UK North Sea job for just under £6million.
IEA sees ‘explosive’ growth in US oil output as prices rally
U.S. oil output is set for “explosive” growth this year as prices rally, potentially offsetting a further collapse in Venezuela’s production, the International Energy Agency said.
CHC starts work on Aberdeen heliport revamp
A major revamp of helicopter operator CHC’s terminal and hanger facilities at Aberdeen International Airport is under way.
Threatened oil kings rethink age-old pricing habit
Uneasy lies the head that wears a crown in the world’s biggest oil market.
EnQuest looks to sell stake in Kraken field, report says
North Sea oil firm EnQuest is trying to sell a 20% stake in its £2billion Kraken field, a news report said.
Work halted on Canadian oil vessel after near miss with iceberg
Husky Energy has been ordered to suspend operations on the SeaRose vessel off Canada's east coast after a near miss with an iceberg.
Ithaca sells Wytch Farm oil field stake for £38m
Aberdeen-based oil firm Ithaca Energy has agreed to sell licences containing the onshore UK Wytch Farm field for £38million.
Forties pipeline reflections: The force majeure awakens
The recent shut-in of numerous North Sea fields as a result of the required repairs to the Forties pipeline is the first major UKCS industry-wide force majeure event since Piper Alpha almost 30 years ago.
Updated: Oil extends slide on speculation hedge-fund buying went too far
Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback.
Updated: Hurricane Energy raising standards with view to premium listing
North Sea oil explorer Hurricane Energy said today that it was raising its corporate governance standards as it weighs up a premium listing for its ordinary shares.
Vessel to give BP added reach on Mungo field
Norwegian firm Reach Subsea will supply one of its vessels for operations on BP's Mungo field in the North Sea.
Spirit Energy books Noble jack-up rig
Oil rig firm Noble said today that Spirit Energy has booked one of its rigs for work in the North Sea.
Statoil picks partner to help boost Johan Sverdrup recovery
Alcatel Submarine Networks, part of Nokia, will carry out permanent reservoir monitoring (PRM) on Statoil's Johan Sverdrup field after winning a contract with the Norwegian energy giant.
Shell’s Penguin to unlock 80million barrels, create hundreds of jobs
Oil giant Shell said yesterday that its latest North Sea project would create hundreds of UK jobs and unlock 80million barrels of oil.
Exit of Cromarty Firth-stacked oil rigs blocked as investigation launched
Scottish environmental authorities have blocked the departure of three oil rigs currently cold-stacked in Cromarty Firth.
With Brent at $70, Shell boss warns of overconfidence
Shell’s North Sea boss yesterday warned industry against becoming “overconfident” with Brent crude prices hovering around $70 per barrel.