OGA publishes majors’ enhanced oil recovery lessons
The lessons learned by a group of oil majors in their quest to improve North Sea production have been published today.
oil
Plexus jobs safe after TechnipFMC swoops for jack-up business
Oilfield service giant TechnipFMC has struck a deal to buy Plexus Holdings’ Aberdeen-based “jack-up business” for up to £42.5million.
Forget peak demand, Norway’s oil chief wants more crude to pump
The renewable energy revolution doesn’t scare the man overseeing western Europe’s biggest crude oil spigot.
World’s biggest oil traders see wildly diverging crude price
The world’s biggest oil traders say crude could rise above $60 a barrel in a year as demand grows and OPEC keeps cutting. Or it might fall to $45 as another wave of U.S. shale hits the market.
Iraq turmoil threatens billions in oil trader deals with Kurds
The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried the country’s autonomous Kurdish region will struggle to repay billions of dollars in cash-for-oil loans.
Oil rises on demand signs after Goldman flags geopolitical risks
Oil extended gains as signs of declining U.S. stockpiles pointed to healthy demand while investors weighed disruptions to supply because of global geopolitical tensions.
Oil slides on report Kurds agree to retreat, easing tension
Oil declined following a report that Kurdish forces agreed to withdraw from areas the Iraqi army is reclaiming, easing tension in the crude-rich region.
UK North Sea oil faces quickening decline if no Brexit deal
The U.K. oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union, as restrictions on the movement of workers and equipment would increase costs.
UK North Sea oil faces quickening decline if no Brexit deal
The U.K. oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union, as restrictions on the movement of workers and equipment would increase costs.
VIDEO: Oil rises after Iraqi soldiers move to take over Kurdish oil fields
Iraqi soldiers moved late Sunday to take over oilfields in the northern city of Kirkurk from Kurdish forces, pushing crude prices higher amid reports of deadly clashes. Standard University director of Iranian studies Abbas Milani weights in. Watch the video to find out more.
Iraqi Kurds say Federal forces attack near disputed Kirkuk
Iraqi Kurdish officials have said that federal forces and state-backed militias have launched a "major, multi-pronged" attack aimed at retaking the disputed northern city of Kirkuk.
VIDEO: JPMorgan’s Darling forecasts $47 Brent in 2018
Scott Darling, head of regional oil and gas at JPMorgan, discusses Trump’s hardline stance on Iran and what that will mean for the global markets. Watch the video to hear his take on Brent.
Arctic oil promise keeps Norway’s disappointed wildcatters going
It’s been a bad year for oil explorers in Norway’s Arctic: a record campaign in the Barents Sea yielded little; the most exciting well in years proved to be a flop; and Norwegians grew increasingly skeptical about the industry that made them rich.
Opinion: Iran’s a distraction. The urgent problem is Kurdish oil
The drama around President Donald Trump and Iran's compliance with the nuclear deal has grabbed the oil world's attention. This gaze should shift west. Rising tensions in northern Iraq could have a much more immediate impact on oil flows that could lead prices higher, and squeeze producers and refiners.
The “Amazon effect” is coming to oil markets
While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field.
Aramco plans `mega investment’ in oil’s demand growth center
Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market.
Statoil makes UK North Sea discovery of up to 130 million barrels
Statoil this morning confirmed a UK North Sea discovery.
Oil buzz a brief encounter as `too far, too fast’ rally wanes
Was $50 a barrel for oil just a passing fancy?
OPEC sees `extraordinary’ steps needed for stable market in 2018
Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, OPEC Secretary-General Mohammad Barkindo said.
Saudi OPEC leadership shows no good deed goes unpunished
This isn't the result the Saudis were looking for, and they might just decide to fight back.
Unstoppable force meeting immovable object stumps oil market
The oil market is battling with a paradox: what happens when the unstoppable force of OPEC production cuts and soaring global demand meets the immovable object that’s U.S. shale?
Oil’s September surge propels bull market run
Oil is heading for a monthly gain on forecasts for rising demand and as Turkey threatened to halt Kurdish exports through its territory after the region voted for independence from Iraq.
IOG says talks with Skipper creditors ‘progressing’ ahead of payback date
Independent Oil and Gas (IOG) said today talks with creditors over debts built up on a drilling campaign east of Shetland were “progressing” ahead of the payback deadline.
i3 working on North Sea asset deals while seeking Liberator funds
Oil firm i3 Energy said today that it was “working on several North Sea asset opportunities” while also trying to secure more funds to develop the Liberator field.
RockRose close to completing North Sea acquisitions
RockRose Energy’s boss said today that the oil firm was “advancing transactions” that would transform it into a “significant” North Sea producer.