Oil below $45 as US output jumps
Oil slipped below $45 a barrel as investors weighed expanding US production against declining crude and gasoline stockpiles.
oil
Video: Piper Alpha film a reminder that same hazards exist today
Step Change in Safety has commissioned a short film about the Piper Alpha disaster featuring artwork by Sue Jane Taylor.
Opinion: Don’t hold your breath for deeper Opec cuts
The recent rally in oil prices came to a halt this week on news that Opec is actually exporting more oil than previously thought.
Researchers develop small device to detect spills
A small device that can detect oil spills has been developed by researchers in Spain.
Video: Statoil will drill new wells to squeeze more from Mariner
Statoil will soon drill two new wells in an effort to increase the amount of oil it can recover from the Mariner area.
Statoil boss says Bressay project remains parked
Statoil bosses have said there is still no timescale for developing the Bressay field east of Shetland.
Hospital chief recalls being at ‘centre of the world’ post-Piper disaster
In the wake of the Piper Alpha disaster, A&E consultant Graham Page had braced himself for an onslaught of arrivals ferrying survivors.
New North Sea firm Whalsay to develop Bentley field after buying it for $1
Industry veteran Paul Warwick will spearhead efforts to develop one of the North Sea’s largest undeveloped discoveries, the Bentley field.
Jeremy Cresswell: We cannot afford another Piper Alpha
Twenty-nine years have passed since, on July 6, 1988, the Piper Alpha production platform blew up killing 167 offshore personnel, including two rescue boat crew.
Goldman sees oil staying lower without deeper OPEC cuts
OPEC may need to make deeper supply cuts to rebalance the oil market as booming production from Libya and Nigeria threatens to undercut the group’s efforts, according to analysts at Goldman Sachs Group Inc.
Welcome to the booming Texas port at heart of US oil sales
Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry.
Exclusive: How Enquest rode the oil price storm to deliver Kraken
EnQuest is determined to keep its “growth story” going after overcoming a period of uncertainty to achieve first oil from the Kraken field.
Oil trims biggest monthly loss since July as fund optimism wanes
Oil trimmed its biggest monthly decline in almost a year while hedge funds tempered their outlook for prices.
Aker wins Mozambique job
Aker Solutions was awarded a contract to deliver three umbilicals and associated equipment at ENI's Coral South project, Mozambique's first offshore field development.
Updated: Fairfield hands in Dunlin subsea decommissioning plan
Fairfield Energy submitted plans for decommissioning parts of the North Sea Dunlin area to the UK Government today.
Death toll from oil tanker blaze rises to 153
The death toll from an oil tanker fire in Pakistan has risen to 153, with dozens more in a critical condition, and the fatalities are expected to increase.
Few escape routes left from another bear market in oil
Oil’s back in a bear market and investors remain unmoved by last month’s agreement to prolong supply cuts, leaving OPEC and its allies with few remaining tools to boost prices.
World’s No. 3 oil reserves tested by rout as Shell decamps
When Royal Dutch Shell decided to pull out of the Canadian oil sands, the local producers doubled down with more investment. Crude’s bear market is testing their resolve.
Highland MP appointed energy spokesman in new Westminster line-up
Highland MP Drew Hendry has been made the SNP’s energy spokesman in Ian Blackford’s front bench team.
Brent slides below $45 for the first time this year
Brent crude entered a bear market, plunging below $45 a barrel for the first time since November as skepticism that a supply glut will ease worsens.
Oil market sees increased conflict risk in Saudi power shift
After Mohammed bin Salman’s appointment as crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.
Storm Cindy bears down on Gulf Coast after curbing oil, gas
Tropical Storm Cindy, which has already curbed energy production in the Gulf of Mexico, disrupted shipping and forced workers off oil and gas platforms, is now dumping rain on the Gulf Coast.
Marathon submits Brae decommissioning plans
Marathon Oil submitted a draft of its decommissioning plans for the Brae Area to the UK Government today.
Statoil’s plans for Njord, Bauge get green light
Norway has approved Statoil's development plans for the Njord and Bauge fields.
Oil holds slide into bear market on global supply gain
Oil held losses after tumbling into a bear market as rising global supply offset efforts by OPEC and its allies to drain a glut.