Oil stays above $46 as demand helps drain stockpiles
Oil held gains above $46 a barrel as optimism that demand will help shrink supplies outweighed an increase in US rigs drilling for crude.
oil
North Sea industry ‘getting by’ without Super Pumas
A group created to address North Sea helicopter capacity concerns has not met in more than five months because the oil sector “hasn’t got a pan-industry issue”.
Oil gets some respite as bears give summer optimism a chance
Oil sceptics are letting a little sunshine in.
Opinion: The technical failure that could clear oil glut in weeks
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia's Manifa problems grabbing the headlines.
Culzean field export pipeline laid, Maersk says
The export pipeline for Maersk Oil's landmark Culzean field has been laid on time, the firm said today.
Update: Majors, minnows scoop up blocks in North Sea bidding round
The Oil and Gas Authority (OGA) has dished out a dozen licences to 10 companies in its supplementary 2016 North Sea bidding round.
Rig stacked in Invergordon set for scrapheap
Norwegian firm Fred. Olsen Energy has said it will sell the Borgsten Dolphin, currently cold-stacked in Invergordon, for scrapping.
Oil’s weekly gain belies small increase from late-2016
Oil is set to rise this week, 2017 demand is seen growing more than previously expected, and US stockpiles are declining. Prices are still less than $1 higher than when OPEC pledged to curb output late last year.
Unions, OCA set for further talks on North Sea workers’ pay
The Offshore Contractors' Association (OCA) will meet trade unions again next week for more talks aimed at ending a dispute over pay for North Sea workers.
Oil bosses see more pain as price recovery slips back to 2020
Three years into the biggest oil downturn in a generation, industry bosses see the recovery slipping further from view.
The five biggest billion barrel discoveries of recent times
As Premier Oil and Talos announce a billion barrel find in Mexico's Zama-1 exploration well - the first offshore exploration well drilled by the private sector in Mexico's history - EV decided to compile a list of the five most recent billion barrel hauls worldwide. The numbers alone are staggering.
Talos Energy: Who is the Mexican mega-well’s operator?
The discovery of a new 1billion barrel field in the Gulf of Mexico caused a ripple in the oil sector yesterday.
Opec’s 2018 forecast shows it’s pumping too much oil
OPEC’s first assessment of world oil markets in 2018 showed that, despite cutting output, the group is still pumping too much crude.
Oil extends advance above $45 on signs US stockpiles declined
Oil extended gains above $45 a barrel as U.S. industry data showed crude and gasoline stockpiles declined, easing a glut.
Top oil traders tailor bespoke crude in a supermarket at sea
The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore mega store.
Oil drops as Saudi produces above output cap
Oil fell in New York, erasing earlier gains, after Saudi Arabia’s production last month was said to have risen above the cap it agreed on with fellow OPEC members.
Oil fields pumping 1/3 of supply die fastest, North Sea bucks trend
The tussle for supremacy between OPEC and U.S. shale drillers is killing off older oil fields at the fastest pace in almost a quarter century. That could hurt the industry once the current glut has faded.
Video: Mariner heavy lift campaign up and running
The first of eight topside modules for the Mariner field was installed on the weekend.
Good news can’t stop oil’s bad mood as short-sellers rule
Even good news can do little to dispel the prevailing pessimism in the oil market.
Oil posts weekly decline as US drillers resume expansion
Oil prices declined for the week, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.
At Opec’s critical moment, Saudi ‘goes quiet’
Now is the time to maximize the impact of OPEC’s oil production cuts, yet the market is still waiting for the group’s biggest member to show it’s doing “ whatever it takes” to eliminate the global oversupply.
Top oil traders bet US shale here to stay
The world’s biggest energy traders are betting shale oil production is here to stay.
OCA, unions to meet next week following ‘constructive’ talks
The Offshore Contractors' Association (OCA) and trade unions will meet again next week for talks aimed at ending a long-running pay row.
Apache to exit Canada, freeing up more cash for North Sea
Apache Corporation has said that it will stop doing business in Canada following the completion of three sales.
Labour fuels North Sea row
Scottish Labour has come under fire for “almost completely ignoring” the North Sea in its industrial strategy.