Safety concerns flagged up on Marathon’s Brae rig
A UK safety watchdog has flagged up shortcomings on Marathon Oil's Brae Alpha platform in the North Sea.
oil
Aberdeen to suffer 5,500 more oil job losses, report says
Aberdeen will feel the effects of the oil sector downturn for years to come, with another 5,500 energy sector jobs expected to be lost by 2027, a new report says.
Fairfield parent aims for decommissioning greatness
Decom Energy managing director Graeme Fergusson acknowledges having to “work hard” to convince employees that decommissioning is an area where the company can find its place.
Trump removes Florida from offshore drilling plan after objections
The Trump administration is ruling out plans to sell new drilling rights off the coast of Florida, including eastern Gulf of Mexico waters coveted by oil companies, amid pressure from Republican Governor Rick Scott.
Drill spot: Completion reached on four wells
Westwood Global Energy reports that in the UK in December there was just one new well spud in the Central North Sea, whilst operations on four wells were completed. 2017 saw a total of 23 E&A wells* completed. At the end of December, just one exploration well was active on the UKCS.
Apache lowers production outlook due to Forties closure
US oil firm Apache has lowered its fourth-quarter production outlook for its international business due to the Forties pipeline closure.
Norwegian oil sector set for recruitment boost, report says
Operators and oil service companies in Norway will be looking to beef up their headcounts over the next few years as the sector recovery picks up pace, the country's energy minister was cited as saying.
OPEC’s oil cuts claim a victim as supertanker earnings tumble
OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents.
Updated: Investigation after shotgun used to relight flare on North Sea rig
Police are investigating after a modified shotgun was used to relight the gas flare on a North Sea platform.
Opinion: Don’t expect OPEC’s oil output deal to collapse in 2018
Whatever your view on the effectiveness of the deal between OPEC and a group of non-member countries to limit oil supply in order to drain excess inventories and boost prices, there is one thing that everybody seems to agree on -- they stuck to their guns much better than anyone thought possible for the whole of last year. But there is a growing chorus of voices calling the deal's demise this year. Here's why I believe they're wrong.
2018 to be year of service sector M&A deals, Brodies says
For the UKCS upstream oil & gas sector, 2017 could perhaps be labelled the year of “cautious optimism”. We have heard that phrase a lot over the last twelve months. The optimism may have been well-founded though, as after a hiatus in upstream deals in 2015 and 2016, caused by the oil price crash and compounded by specific issues related to the maturity of the basin – such as aging infrastructure, decommissioning cost and deal complexity - in 2017, things picked up and we have seen the signing and completion of a number of significant deals.
Oil worker faces claim he stalked his former boss
An oil worker based in Houston has gone on trial in Aberdeen accused of stalking his former boss.
From bromance to break-up: 4 ways the Opec deal could end early
OPEC and Russia have surprised the industry with the success of their grand alliance as oil surges to a three-year high. As the unlikely bond enters a second year, there are challenges ahead.
Oil holds gains near 3-year high as US stockpiles extend drop
Oil held gains near the highest close in more than three years as U.S. crude stockpiles shrank for a seventh week, the longest run of declines since August, offsetting a rebound in production.
RockRose expects re-admission to trading within weeks
Oil firm RockRose Energy said today that its shares will be re-admitted to trading in the "next couple of weeks".
North Korea keeps sneaking in oil using secret ship transfers
Donald Trump’s desire to squeeze Kim Jong Un’s regime risks being undermined by the furtive maneuvers of oil tankers at sea.
Oil extends gains from 3-year high as US stocks fall
Oil extended gains from the highest close in three years as U.S. industry data showed crude stockpiles continued to decline and as OPEC production held steady last month.
Supply vessel collided with Foinaven FPSO
Two vessels were damaged following a “low energy collision” in the North Sea.
Updated: Montrose Alpha platform down-manned due to blocked drain
Repsol Sinopec Resources UK (RSRUK) confirmed yesterday that the Montrose Alpha platform will be partially down-manned due to a blocked drain.
Oil reaches highest since June 2015 as US stockpiles dwindle
Oil climbed to the highest level in two and a half years on expectations a U.S. government report will register the longest decline in crude stockpiles since the summer driving season.
Serica confirms production restarted on Erskine after Forties fix-up
North Sea oil and gas operator Serica Energy has confirmed that production from the Erskine field has restarted after a damaged pipeline halted operations in December.
Maersk to drill wells offshore Ghana for Tullow
A subsidiary of Danish conglomerate Moller-Maersk will carry out drilling work on fields offshore Ghana as part of a four-year deal with Tullow.
Former oil boss and rally star dies in plane crash
A former Scottish Rally champion and North Sea oil boss has died following a plane crash.
Five people who could define the oil market in 2018
Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end of the combustion engine?
Trafigura denies involvement in North Korea oil transfer
Trafigura Group denied it was involved in the illicit transfer of fuel to North Korea after the South Korean government said the world’s third-biggest independent oil trader originally owned a cargo that was shipped in breach of United Nations sanctions in October.