Subsea 7 profits edge up thanks to Beatrice wind farm work
Work on the Beatrice wind farm project in the outer Moray Firth helped Subsea 7 to a small upturn in profits in the second quarter of 2017.
oil
Oil rises from seven-week high a US stockpiles plunge
Oil extended gains from the highest close in seven weeks as industry data showed US crude stockpiles plunged, easing a glut.
Faroe boosts reserve estimates from Brasse after sidetrack well drilled
Aberdeen firm Faroe Petroleum has upgraded reserve estimates for the Brasse field following the drilling of a sidetrack well.
First jacket for Johan Sverdrup field primed for delivery
Maersk Oil has published a picture of the jacket for the Johan Sverdrup field's riser platform, saying it will be ready for delivery this month.
Women ‘still pay price’ in oil and gas industry
The row over the salaries paid to male presenters at the BBC has reignited the question: why is there such an imbalance between the sexes when it comes to the size of their wage packet?
Signs shale boom has succumbed to oil price slump
Oil’s bear market may finally be taking its toll on the shale boom.
VIDEO: Ghana’s third commercial oil field ceremonially commissioned
A third Ghanaian oil field was ceremonially opened by the county’s president this month.
Update: Oil rises as Saudi pledges deep cut to August exports
Oil rose as Saudi Arabia said it would make deep cuts to its crude exports in August and encourage better compliance with supply reductions from other producers.
Oil plods to weekly gain as Opec faces St Petersburg dilemma
Oil edged toward its second weekly increase as OPEC and its allies prepare to review their plan to clear a global glut that hasn’t worked as they hoped.
Inspector says he was refused access to North Sea vessel amid pay dispute
An inspector has said he was barred from meeting seafarers on two supply vessels in Aberdeen as he tried to investigate allegations of underpayment.
VIDEO: Unwell worker airlifted from North Sea supply vessel
A crew member of an offshore supply vessel was airlifted to hospital in Lerwick by a UK rescue helicopter last night.
Oil holds firm despite mixed signals on US crude inventories
Oil was steady amid mixed signals on U.S. crude inventories, with industry data showing supplies increased last week while government statistics were expected to indicate a decline.
IOG hands in Blythe field development plan, sending shares skyward
Independent Oil and Gas (IOG) has submitted the field development plan (FDP) for the Blythe Hub in the North Sea.
Libyan output rebound undermines Saudi, Russian cuts
Libya’s rebounding oil output is undermining the supply curbs masterminded by Saudi Arabia and Russia. But any pleas for the OPEC member to exercise restraint will probably be resisted by the technocrat overseeing the North African nation’s turnaround.
Court gives Premier Oil all clear for restructuring
A court has approved North Sea operator Premier Oil's debt restructuring plans.
Chinese oil demand waning as Opec struggles over output
Oil bulls grappling with Opec’s weakened resolve to curb output are also having to worry about waning demand in the world’s biggest buyer of overseas crude.
North Sea oil a ‘marginal industry’, Nexen UK boss says
Nexen UK’s boss has said North Sea oil and gas is a “marginal industry” and that he is concerned about the supply chain’s health.
Oil hovers around $46 as US, Libya lift output
Oil traded near $46 a barrel after snapping a five-day gain on concern output in the US and Opec member Libya is growing just as demand shows signs of improvement.
Centrica reduces decommissioning liabilities with Bayerngas merger
Centrica will combine its oil business with Bayerngas Norge to create a joint venture (JV) in a move which will freshen up its North Sea portfolio and dilute its decommissioning liabilities.
Taqa picks OneSubsea for North Sea job
OneSubsea has clinched a contract to set up a multiphase boosting system on the North Sea Otter field.
Ecuador falls behind Opec cuts, report says
Ecuador has said it is not complying with Opec output reductions due to its financial problems, according to a news report.
Kurds urged to start talks with Iraq over oil revenue
Kurdistan has been urged to push ahead with talks with the Iraqi government on critical issues such as oil and revenue sharing.
Centrica, Bayerngas link-up paves way for more M&A activity, analyst says
The joint venture created by Centrica E&P’s link-up with Bayerngas Norge could open the door to further M&A activity, an industry analyst has said.
Centrica agrees to combine oil wing with Bayerngas Norge
Centrica said today that it had signed an agreement to combine its oil and gas business with Bayerngas Norge.
Oil chiefs to debate North Sea’s future at EV event
Oil and gas chiefs are set to debate and discuss the industry’s future at a free event in the run-up to this year’s Offshore Europe.